Ugh…

New York – The nation’s economic focus is turning from saving the banking system to how to provide a rapidly rising tide of jobless with benefits and a road map to employment.

You know what jobless benefits do?  They disincentive getting a job.

All around the world nations with larger unemployment entitlements than what America offers have consistently larger pools of unemployed workers.  Why?  Because rewarding unemployment with benefits removes the impetus to get a job and provide for yourself.

Just as bailing out failed banks and failing corporate giants removes the impetus to improve business models and return to profitability.

Bailouts, whether they be for big corporations or someone who lost their job at Wendy’s, stagnate the economy because they remove the fear of failure from the economic mix.  And without the fear of failure people and businesses don’t have any reason to act responsibly.