View Full Version : Stupidonomics update!

12-02-2010, 05:01 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(AP) <span style='font-size: 11pt'>Unemployment benefits help drive the economy</span> <span style="color: #3366FF">Then according to the regime's stupidonomic ideology, more unemployed is good ... and when seen through the prism of stupidonomics it comes into sharp focus and the O-cult nods their collectivist heads in unison.</span> because the jobless tend to spend every dollar they get, pumping cash into businesses. A cut-off of aid for millions of people unemployed for more than six months could squeeze a fragile economy, analysts say. Among the consequences they envision over the next year:

Annual economic growth could fall by one half to nearly 1 percentage point.

Up to 1 million more people could lose their jobs. <span style="color: #3366FF">Then they would receive UE benefits and drive the economy again according to the science of stupidonomics.</span>

Hundreds of thousands would fall into poverty. <span style="color: #3366FF">And people in poverty almost exclusively vote for democrooks ... who in turn have a survival interest in creating and maintaining as large a number of people in poverty as possible.</span> ...

Thirty-three economists have signed a statement circulated by the liberal Economic Policy Institute calling for benefits to be extended for 12 more months. Signatories included Alan Blinder, a former vice chairman of the Federal Reserve, and five winners of the Nobel Prize in economics, including Joseph Stiglitz and Robert Solow.

Republican lawmakers oppose an extension of the unemployment aid if it would enlarge the government's $1.3 trillion budget deficit. They insist that the cost around $5 billion a month be offset with budget cuts elsewhere. Those cuts would reduce the economic impact of extending the benefits. Some in Congress want to pair an extension of unemployment aid with a deal to also extend the Bush-era tax cuts.

Just outside Chicago, Horvath wonders why the lawmakers can't reach a deal: "What's going to happen Dec. 1 when I have no benefits at all?"</div></div>

- A humanitarian argument can be made for UE benefits.

- A fiscal argument can be made that this should be paid for by cutting other gubmint insansanity.

- It takes a stupidonomicist to explain how US benefits cause economic growth.

- It takes an incredible amount of brainwashing to believe the stupidonomicists pimping the latest party lie.