First Published 11-13-10
“If you continue to extend people’s unemployment benefits do you discourage them from going out and looking for and finding work? Congress needs to answer that question quickly before federally funded extended unemployment benefits expire on November 30th.” A Fox Business reporter made this statement as a prelude to an interview with Heidi Shierholz, an economist with the Economic Policy Institute.
Ms. Shierholz stated the following, “You know there is some evidence in the economic literature that unemployment insurance benefits do actually increase the time it takes you to take another job a little bit, but the key is it’s just a little bit. And when we’re in an environment like this one, where there are literally 5 unemployed workers for every available job, that question is moot. Right now the reason people aren’t working is because jobs aren’t available to them. So cutting off unemployment insurance benefits, it will make workers more desperate to find work, but it’s not going to make them more likely to find work. The jobs are not yet out there.”
The Fox propagandist countered: “Shouldn’t the money then be redirected to whatever program you see fit not toward unemployment benefits but to programs that would do a better job at creating those jobs?”
This propagandist needs to stop calling herself a reporter as she is not reporting the news, but rather expounding an opinion that she wants to become our reality. What this reporter neglects to report is that we have already pumped billions into programs that accomplished nothing but transferring more wealth from the taxpayers into the pockets of the corporations. But then she wouldn’t mention that as these very same corporations provide her with a paycheck.
Ms Shierholz went on to say, “That is a very good point, I want to spend money in the place that will give us the most bang for the buck that will be the most efficient creator of jobs. But almost ironically, unemployment benefits are one of the best things we can do to generate new jobs. And the intuition is this, “
The propagandist interrupted saying, “We’ve been extending unemployment benefits for two years at least. Some people are receiving 99 weeks of unemployment benefits, then if it’s a job creator, why do we have 9.6% unemployment?”
Ms. Shierholz replied, “We would have higher unemployment if we hadn’t spent the money to increase UI.”
The propagandist interrupted again saying, “That’s almost impossible to prove.”
When we talk about the one trillion given away to banks and corporations through bailouts and stimulus and say it has failed, we are told that things would have been much worse if we had not done so. But this is impossible to prove. The only difference between the bailouts and stimulus and the unemployment monies is that the bailouts and stimulus monies are being stashed and horded by the filthy rich while the unemployment monies were spent and circulated through the economy. The propagandist’s assertion that the unemployment monies had no affect in helping the economy and jobs is a biased unreality.
Ms Shierholz went on, “There is a consensus among the economists that spending on unemployment generates jobs. Right now what’s on the table is continuing the extensions that were part of the recovery act. (Tiers 1 – 4) So we’re not debating whether or not we should add more. It’s just, are we going to continue what’s there. Those extensions would cost around $5 billion per month because we have literally millions and millions of unemployed.”
Again the propagandist broke in, “Republicans have said that they would agree to extending these benefits if the Democrats could come up with offsets to pay for it. That’s really the only issue there.”
When I hear this very same propagandist taking about more and more tax cuts for rich business owners, never is the issue of how it’s going to be paid for brought up. The propagandist asserted that the people want to know when enough is enough and how much is too much. I hope this horse faced bimbo gets mugged on the way home by a 99er.
Ms. Shieholz said, “There is no consideration of extending it further. We are going to continue what we have.”
The consensus seems to be clear. Unemployment will be brought up in the lame duck congress, but we the 99ers are to be excluded. We have to start making a lot of noise. We have to let Barry Soetoro and company know that we are not going to be dismissed and set aside. He must be made to understand that no matter who he greases, if we do not get help we will be organized in 2012, and he will go down in history as the first black one term president. Barry, if you are listening, you had better start making a stance and push for a Tier 5 unemployment extension.