Video: Pelosi again repeats lie that paying people not to work (ie - unemployment) creates jobs

from theblogprof by The blogprof


Video: Pelosi again repeats lie that paying people not to work (ie - unemployment) creates jobs: "As the liberal theory goes, an unemployment check gets spent immediately increasing demand of products and services that the unemployed consume. The fallacy is that 1) the unemployed will spend a lot less had they been employed which should be priority #1, so that 2) the demand created by unemployment spending is far less than employed spending, and 3) the money comes from another part of the private sector depressing it. Simple facts are beyond Pelosi's comprehension:

The one plus of her speech? She has stumbled upon the right-hand rule famous in electromagnetic theory, dynamics and fluid mechanics:

If she only had the brain capacity beyond holding her fingers correctly. But back to the issue at, err... hand. Just a few days ago, another Democrat trumpeted Pelosi: Video of Sherrod Brown (D-OH): Tax Cuts Don't Create Jobs, Unemployment Benefits Do

In July, our own Sen Stabenow went pretty much the way of Brown: Video of Stabenow: Unemployment compensation is so awesome that everyone ought to be unemployed to stimulate the economy

And Stabenow seems to see unemployment the same way Pelosi sees it: Video: Pelosi says 'Unemployment benefits are creating jobs faster than practically any other program!'

And that, dear readers, is called a full circle of stupidity as predicted by idiot theory via the right hand rule.

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