Steny Hoyer: Food Stamps and Unemployment Two Most Stimulative Things for Economy

Posted by on Jul 18, 2012 at 7:52 am

This sounds like a solid plan for the November elections. Campaign on a theme of  “Bread Line America” and just sit back and wait for the freeloaders to flock to the polls.

These folks aren’t even trying to hide it any more, are they?

During a pen and pad briefing with reporters on Capitol Hill, Hoyer was asked if any Democrats are “reconsidering the wisdom” of letting the Bush tax cuts expire at year’s end for the top income earners given the still struggling U.S. economy.

“I haven’t talked to any who are of that mind,” said Hoyer. “If you talk to economists, they will tell you there are two things that are the most stimulative that you can do — one’s unemployment insurance, the other’s food stamps, okay?”

“Why is that?” he said.  “Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”

You ever notice when these Democrats cite so-called economists they’re never named?

Well, sometimes they are.

At a speech earlier today in Cincinnati, Ohio, President Obama cited economic analysis conducted by one of his campaign donors, Kimberly Clausing, and called her a “non-partisan economist.” Clausing, a college professor from Reed College, has donated to President Obama and several Democratic politicians and causes over the last dozen years.

Tags: ,

4 Responses to “Steny Hoyer: Food Stamps and Unemployment Two Most Stimulative Things for Economy”

  1. Blue Hen on 18/18/12 at 8:46 am

    Instead of mandating obamatax, why not mandate food stamps? Instaed of worying about offshoring and outsouring and offsourcing and outshoring, why not put everyone on unemployment? Starting with Congress and the dear leader?

  2. Troll Feeder on 18/18/12 at 1:37 pm

    “Why [are they stimulative]?” he said. “Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt.”

    Steny, you ignorant slut. It would be stimulative if they were spending wealth that they had earned — new money that was created from the ether by their work.

    It is not stimulative for them to spend wealth that had to be confiscated from someone else, because TANSTAAFL.

    Maybe that garbage will work in the short term at the beginning of a financial crisis when most people don’t know what’s going on, but it isn’t going to do a thing once folks catch on to the new rules. Once everyone understands that you are robbing A to pay B, the pump-priming game is over.