On what planet is Pelosi living on? Certainly not this one.
In her world, unemployment benefits given to the unemployed from taxpayers’ money are actually creating jobs.
“It injects demand into the economy,” Pelosi said, arguing that when families have money to spend it keeps the economy churning. “It creates jobs faster than almost any other initiative you can name.”
Pelosi said the aid has the “double benefit” of helping those who lost their jobs and acting as a “job creator” on the side.
So once again, the democrats believe that more federal spending will magically turn the economy around. Rewarding the unemployed with a check for doing nothing will not bolster their need to seek employment and actually EARN a living. I am currently unemployed and it is driving me mad to not be earning anything. I am not able to contribute monetarily to my responsibilities and the price of everything is continuing to increase. The unemployment rate is still hovering around 10% and at the rate the government is going, it is not going to get any better.
The government claims the jobless rate is 10%, but the suspicion is that it is more like 20 – 25%. John Williams is an economist that feels the jobless rate is about 10% higher than what the government claims.