Thursday, August 11, 2011

Press Secretary Carney: Unemployment Benefits Could Create Up To 1 Million Jobs

You know there is stupid and then there is stupidity.  Press Secretary Carney fits both categories.  If you recall, the Administration put forth the logic that the trillions of dollars infused into the economy "saved something like 2 to 3 million or so jobs," not create jobs.  The 2 to 3 million or so figure was pulled out of thin air. There is not one economics text that has ever incorporated this "saved job concept."  Then again, if your policies are not creating jobs, a good spin would be to say that such polices saved jobs.  In other words, who can refute it?

Well, now we have statements being made that unemployment benefits will create up to 1 million jobs.  You gotta being kidding me.  No, I am afraid not, because Carney is now talking about the creation of jobs with unemployment benefits.  The sad fact is that there are individuals out there that will believe such logic. 

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