Obama: Unemployment benefits create more jobs than Keystone pipeline

Incredibly, President Obama continues to pitch never-ending unemployment benefits as an economic stimulus. He insists that these benefits – along with his barely-noticeable payroll tax cut – not only create jobs, but they create even more jobs than the Keystone pipeline project that he just put the kibash on. (That would be about 130,000 jobs, give or take, in case you’re wondering).

The claim is so plainly idiotic, all you can do is shake your head and marvel at how this guy ever managed to pass an economics class, let alone how he got elected President.

Wouldn’t you just love to see those college transcripts?

President Obama said that he will delay his vacation and keep Congress in session until the passage of his desired payroll tax cut and unemployment benefits extension — two proposals that Obama said would create more jobs than the Keystone XL pipeline that his administration recently delayed.

“I would not ask anyone to do something I’m not willing to do myself,” Obama said when asked if he would go on vacation while keeping Congress in Washington D.C. “We are going to stay here as long as it takes [to get unemployment extended and pass the payroll tax cut].”

As Obama called for passage of those bills, he also responded to a recent Republican push to require him to approve the construction of the Keystone XL pipeline from Canada. “However many jobs might be generated by a Keystone pipeline,” he said, “they’re going to be a lot fewer than the jobs that are created by extending the payroll tax cut and extending unemployment insurance.”

Hat tip: JWF.

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