By The Right Scoop


What in the world is Nancy thinking? A real paycheck from a real job is one of the biggest stimuli to our economy, not ‘band-aid’ money where people are having to live from unemployment paycheck to paycheck. Most people don’t do extra spending when they don’t have a job – they pay their bills and put food on the table.

If she really believes this, it just goes to show how out of touch an elitist she really is.

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  • http://doorwaybuck.com CM Sackett

    Actually 'Mz' Pelousy… seeing every single treasonous, traitorous, America-hating DOMESTIC ENEMY marched off to the nastiest super-max federal prison FOR THE REST OF THEIR unNatural LIVES…

    …will stimulate far more than this outstanding Republic's economy.

    As one of the 20th century's great Defenders of LIBERTY said:

    “Europe was created by history. America was created by philosophy.”
    ~Margaret Thatcher~

    …and it certainly wasn't the 'philosophy' you and your ilk preach.

    CM Sackett

  • http://doorwaybuck.com CM Sackett

    Actually 'Mz' Pelousy… seeing every single treasonous, traitorous, America-hating DOMESTIC ENEMY marched off to the nastiest super-max federal prison FOR THE REST OF THEIR unNatural LIVES…

    …will stimulate far more than this outstanding Republic's economy.

    As one of the 20th century's great Defenders of LIBERTY said:

    “Europe was created by history. America was created by philosophy.”
    ~Margaret Thatcher~

    …and it certainly wasn't the 'philosophy' you and your ilk preach.

    CM Sackett

  • leel004

    I beg to differ with you on one point…….it is the Nanny…oops I meant nancy voters that are pathetic…………sad and sick

  • KeninMontana

    The 8th district hasn't elected a Republican since 1952,well 1950 was the last Republican,and San Francisco has slid into a cesspool since and is still wallowing in it,that city has been run into the dirt. They deserve what they've given themselves it was once a nice city,once.

  • williamm

    I'll be watching MSNBC to see if they jump on Nasty Pelosi as they jumped on Sharron Angle for this interview below.

    http://www.youtube.com/watch?v=3cAi6UnAfT4&feat

    Angle said about what Larry Summers said in this article.
    The Concise Encyclopedia Of Economics
    Unemployment
    by Lawrence H. Summers

    The second way government assistance programs contribute to long-term unemployment is by providing an incentive, and the means, not to work. Each unemployed person has a “reservation wage”—the minimum wage he or she insists on getting before accepting a job. Unemployment insurance and other social assistance programs increase that reservation wage, causing an unemployed person to remain unemployed longer.

    Consider, for example, an unemployed person who is accustomed to making $15.00 an hour. On unemployment insurance this person receives about 55 percent of normal earnings, or $8.25 per lost work hour. If that person is in a 15 percent federal tax bracket and a 3 percent state tax bracket, he or she pays $1.49 in taxes per hour not worked and nets $6.76 per hour after taxes as compensation for not working. If that person took a job that paid $15.00 per hour, governments would take 18 percent for income taxes and 7.65 percent for Social Security taxes, netting him or her $11.15 per hour of work. Comparing the two payments, this person may decide that an hour of leisure is worth more than the extra $4.39 the job would pay. If so, this means that the unemployment insurance raises the person’s reservation wage to above $15.00 per hour.

    Unemployment insurance also extends the time a person stays off the job. Clark and I estimated that the existence of unemployment insurance almost doubles the number of unemployment spells lasting more than three months. If unemployment insurance were eliminated, the unemployment rate would drop by more than half a percentage point, which means that the number of unemployed people would fall by about 750,000. This is all the more significant in light of the fact that less than half of the unemployed receive insurance benefits, largely because many have not worked enough to qualify.

    Another cause of long-term unemployment is unionization. High union wages that exceed the competitive market rate are likely to cause job losses in the unionized sector of the economy. Also, those who lose high-wage union jobs are often reluctant to accept alternative low-wage employment. Between 1970 and 1985, for example, a state with a 20 percent unionization rate, approximately the average for the fifty states and the District of Columbia, experienced an unemployment rate that was 1.2 percentage points higher than that of a hypothetical state that had no unions. To put this in perspective, 1.2 percentage points is about 60 percent of the increase in normal unemployment between 1970 and 1985.

    http://www.econlib.org/library/Enc/Unemployment

  • http://www.therightscoop.com/ therightscoop

    I had just watched that entire interview when I saw your comment. I'm not even sure why she took that interview, but even so it wasn't bad. She didn't connect a few dots on the unemployment thing, but she wasn't entirely wrong either.

  • williamm

    She was hammered last night by Maddow and Olberman even though most of what she said was in the article by Larry Summers, Director of the White House's National Economic Council for President Barack Obama.

  • KeninMontana

    Hey RS, you really need to check out this video over on you tube its great,
    http://www.youtube.com/watch?v=rYfGCMORVoY&feat

  • Pingback: Hot Air » Pelosi: Jobless benefits biggest stimulus for economy evah()

  • Don17000

    I think she's thinking that if people on the dole just pay their bills and put food on the table, at least it contributes to the continued employment of those whose bills are getting paid, and who produce, package, transport and sell that food. An economy is driven by spending, both private and public. Cutting spending puts people out of work faster than raising taxes ever can.

  • Pingback: Sen Sherrod Brown: Best way to grow economy is unemployment benefits | The Right Scoop()

  • http://www.localinsuresearch.com auto insurance quotes

    unemployment insurance? makes no sense at all. it would just tolerate the (excuse me for the word) lazy people in the society. their mentality why-seek-a-job-if-we-can-get-insurance-even-unemployed, would just ruin the manpower of the state. manpower is needed to balance the state’s economy.

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