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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (694954)	1/23/2013 8:36:20 PM
From: TopCat	Read Replies (2) \| Respond to of 1575523

"Extending unemployment does create jobs." Got any proof of that?

To: combjelly who wrote (694954)	1/23/2013 10:57:11 PM
From: i-node	1 Recommendation Read Replies (2) \| Respond to of 1575523

>> Extending unemployment does create jobs. most economists, real ones not the loons that i-node likes, consider UI as the best way to stimulate the economy in a recession. Nonsense. Government payments NEVER create jobs; it ALWAYS takes away jobs, net, and at its best could create an equal number of jobs to those which are destroyed by the unemployment tax (plus the incremental income taxes collected to pay out the extended benefit). I'm not sure ANY REAL economist believes it does. There are a lot of left wing ideologues who believe it. The fundamental flaw in your claim -- and the one anyone who has studied economics would recognize -- is that money paid in unemployment benefits is money paid for non-productive/b> activity. Unless one believes that non-productive activity "creates jobs", the entire premise is untenable and indefensible. That is before you consider the proven fact that extension of unemployment benefits also extends unemployment, since Skinner taught most of us that paying people not to work will, inevitably, lead to fewer people working. You really don't know shit about this subject CJ. Not only does it defy logic, it defies what we know to be fact. It is really amazing that purportedly intelligent people would sacrifice all reason in favor of towing the party line, but you guys do it, year in, year out. It is something to see.