Nutty Pelosi: Extending Unemployment Benefits ‘Could Produce as Many as 300,000 Jobs’

Posted by on Dec 28, 2013 at 8:44 am

Using her logic, permanent unemployment benefits would eliminate unemployment. Seriously starting to think this woman has suffered head trauma. It’s really sweet how the people who scoffed at everyone losing their health insurance thanks to ObamaCare are suddenly making an major issue out of extending long-term unemployment benefits. But hey, anything to distract from the ObamaCare mess will do.

Roughly 1.3 million people lost their extended unemployment benefits on Saturday as Congress allowed the program to expire.

Democrats — angry that an extension wasn’t included in the recently-enacted budget agreement — have vowed to make the benefits the first item on their 2014 agenda.

Republicans contend that lawmakers would better serve their constituents by directing their efforts to other job-boosting areas, especially given that a year-long unemployment extension comes with a $26 billion price tag. They also are waiting on Democrats to put forward a specific plan.

Underlying the debate is a steadily improving economy, which has seen the jobless rate fall to a five-year low of 7 percent in November. The Federal Reserve gave its own vote of confidence to the recovery when it agreed to pull back from its years’ worth of stimulus action in December, citing the steady gains.

According to Obama the economy’s doing great, so let’s extend unemployment. Ironic how he called these senators from his luxury vacation. Pelosi, meanwhile, has apparently been drinking heavily during the holidays.

Democrats rebut that demand by arguing the extension of benefits is actually an economic boon. Pelosi and others point to analysis that shows an extension would allow the unemployed to continue pumping money into the economy, driving economic growth and job creation.

Given those economic perks, Pelosi and other Democrats contend that blocking an extension over cost concerns misses the mark.

“Every dollar invested in this initiative yields $1.52 in economic growth, and an extension of UI could produce as many as 300,000 jobs,” she said on Friday.

Logic isn’t her strong suit.

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One Response to “Nutty Pelosi: Extending Unemployment Benefits ‘Could Produce as Many as 300,000 Jobs’”

  1. Dar win Akbar on 28/28/13 at 12:52 pm

    This would be in addition to the “millions of jobs” that she promised would magically appear due to Obamacare. I wish she would share whatever it is she’s been smoking with the rest of us, since it seems to cause great hallucinations.