Now I know how we've all heard from 'Old Stretch' Pelosi, and for quite some time now, tells us over and over again about how unemployment benefits are actually the best economic stimulus. But Ms. Pelosi is far from being the only leftwing loon who happens to be of that opinion, there are others. Now while I can't quote the number of those morons who share her notion that unemployment benefits serve as being a boon to our economy, apparently 'Little Chuckie' Schumer, at least, seems to be of the same opinion. He recently made the same claim that extending long-term unemployment benefits would be the "best stimulus there is" for the economy, saying it would create the most jobs for the money.
Anyway, it was while at a Thursday press conference, that we heard 'Little Chuckie' say, "At the end of last year, there were 5 million people receiving emergency UI [unemployment insurance]. This year, there are only 2 million. It’s working" Schumer said at a press conference Thursday. He went on to say, "We’re all talking about a stimulus. How do we get the economy moving? This is the best stimulus there is." What a load of pure unadulterated bullsh!t. Look this, like everything else these bums preach, this is all smoke and mirrors and what they feel they need to say in their effort to get yet another extension of benefits for the long-term unemployed before the current benefit extension expires at the end of the year.
By the way, the Congressional Budget Office (CBO) estimated that a full-year extension of the benefits would cost the taxpayer $30 Billion and would then supposedly create approximately 300,000 full-time equivalent jobs. In what is the height of political gibberish, the CBO’s estimate is not saying that extending benefits will create 300,000 new positions or even that 300,000 additional people will be hired, only that the demand created when the unemployed spend their benefit checks will in turn pay for enough work-hours to equal 300,000 full time jobs. HUH? It's all nothing more than a bunch of Washington gobble-dee-gook because the actual job creation figures could be far lower. Gee, ya think?
Come on, even if CBO’s estimates actually turn out to be correct and by some strange miracle a full-year benefit extension does result in the creation of 300,000 jobs, it amounts to a per-job cost of $100,000, a pretty steep cost for a government that's essentially broke. But then, this makes it about as efficient as every other government run program. The bottom line here is that American people made a very conscious decision this past November, and what they decided was, they don't really want a stronger economy, instead, what they want is to be able to do nothing more than to sit around on their rapidly expanding derrieres while collecting a nice little check from their 'Sugar-daddy', Barry "Almighty", for doing so.
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