According to Obama administration Labor Secretary Hilda Solis, America’s job picture would be worse off if it weren’t for expanded unemployment benefits. Because all that government stimulates the economy, you guys.
We helped to provide, I think, some stop-gaps, and what I think about is, those two million people who would’ve lost their unemployment insurance — because think about it, all that money that goes out in terms of what’s being spent by that unemployment check, helps to generate two additional dollars back in the community so small businesses, everyone continues to keep their jobs, so, I can’t give you an exact figure but I’ll tell you that just by the movement the president made, we saved millions and millions of jobs.
Just so we’re clear, Secretary Solis is arguing that an entitlement paid for by taxes on businesses has a stimulus impact on the economy. Which might be true, if we just pretend that the money for unemployment benefits magically appears out of thin air instead of being taken out of the private sector in the first place.
As it is, Solis may as well be arguing that you can fill a swimming pool by taking water out of one end and pouring it back in the other.
But hey, these are the same group of people who think food stamps stimulate the economy.