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Thread: Unemployment benefits extension clears hurdle

  1. #21
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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by Deuce View Post
    A line has to be drawn, but a recession is not the time to do it. Unemployment isn't what is stopping people from working right now, the lack of jobs is. Companies get hundreds of resumes to fill a handful of jobs. Unemployment can be the difference between staying in your home or losing it. People without any income stop buying things entirely, you can't ignore government-generated demand any more than you can ignore privately-generated demand. If unemployment stopped today, what magical part of private industry would fill this demand? Where would all the extra jobs come from?
    Yes, but government generated demand is a false demand. It first has to kill a same level of private sector demand. There are no jobs (I would argue) because the government keeps spending untold amounts of money trying to "create" them, ignoring that it first elimintes them by taking that money out of the private sector. I feel sympathy for someone that might lose their house on accoung of losing their benefits, but that is just the way the free market works.


    edit: And a bill that gets 60 votes to beat a filibuster isn't going to lose out to the 51 final vote requirement.
    I can dream right.

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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by danarhea View Post
    Why should it be done in the first place? But the banksters already have their billions. How about we extend unemployment benefits and take the money back from the banksters to do it?
    And by the same token, hundreds of billions has already been spent on umemployment benefits and stimulus for the sake of the "little person." It just does not work.

    Just playing a little Devil's advocate here, but it's a funny world that doesn't do anything for workers who get laid off, but keeps the wine and caviar flowing to those who ran their banks and companies into the ground.
    In fairness here, many of the bank CEO's that were at the helm for this are gone, and the concept that we have not done anything for "workers who get laid off" is bogus at best.

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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by NolaMan View Post
    And by the same token, hundreds of billions has already been spent on umemployment benefits and stimulus for the sake of the "little person." It just does not work.



    In fairness here, many of the bank CEO's that were at the helm for this are gone, and the concept that we have not done anything for "workers who get laid off" is bogus at best.
    Fair enough. I do agree with you that we cannot keep spending money like this. I also strongly believe that we should have let the banks go under. Here is the problem I have with the banks - They scream "Capitalism" until they want money from the government. Then they scream "Socialism".
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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by danarhea View Post
    Fair enough. I do agree with you that we cannot keep spending money like this. I also strongly believe that we should have let the banks go under. Here is the problem I have with the banks - They scream "Capitalism" until they want money from the government. Then they scream "Socialism".
    Yes, my big problem is that there is now a (quite long) track record of banks taking on risky investments, those investments failing, and the government stepping in to bail them out, and essentially make it so they lose no money. It has happened under both parties.

    I mean, honestly, if I am a bank executive, I can look at this history, and my incentive to shy away from making large bets on risky investments basically evaporates.

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    Re: Unemployment benefits extension clears hurdle

    Moderator's Warning:
    Unemployment benefits extension clears hurdleMerged threads
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by Deuce View Post
    Many, yes, but the fundamental problem is there are far more unemployed than there are job openings.
    And of course you are all for amnesty for our undocumented guest workers....
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by NolaMan View Post
    Yes, but government generated demand is a false demand. It first has to kill a same level of private sector demand. There are no jobs (I would argue) because the government keeps spending untold amounts of money trying to "create" them, ignoring that it first elimintes them by taking that money out of the private sector. I feel sympathy for someone that might lose their house on accoung of losing their benefits, but that is just the way the free market works.




    I can dream right.
    It isn't even so much taking out of the private sector that is doing this..... there is plenty of money for investment that is being sat upon.

    No businessman is going to spend capital on improvements or job creation in this environment when they don't know what new regulation or tax is going to come out of these amateurs to bankrupt them next. So they sit on it until someone comes along to stabilize this government, or they sit on it as a hedge against those taxes and regulations so they won't have to borrow to stay in business.
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: Unemployment benefits extension clears hurdle

    The difference between the dems and GOP here was the GOP wanted it paid for. As always Obama gets his way and lies about the GOP and increases the debt. Shows what a lie the dems and Obama told when they passed pay go since it does not apply to them

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    Re: Unemployment benefits extension clears hurdle

    I can't even tell you how much I would appreciate anybody who watches this video.

    YouTube - Sen. Franken's Speech On The Economy, Unemployment, And The Budget

    Get educated, then discuss this issue.

    Quote Originally Posted by Ockham View Post
    My out of work cousin who's living off the government now for the past year is probably doing somersaults with joy. She makes just as much by staying home and traveling on her husbands money than she would working. I agree... it's not just welfare it's extended welfare. Imagine - staying on the dole for 2 1/2 years going out and getting some 20K job for a few months and then hopefully getting laid off again. Hopefully Washington can keep up printing the worthless money they'll have to use.

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    Re: Unemployment benefits extension clears hurdle

    Quote Originally Posted by BDBoop View Post
    I can't even tell you how much I would appreciate anybody who watches this video.

    YouTube - Sen. Franken's Speech On The Economy, Unemployment, And The Budget

    Get educated, then discuss this issue.
    Yeah - not interested in watching 40 minutes off Al Franken in any setting. Even on SNL he was marginal. I don't think I need Al to tell me about my cousin. I know her and her husband fairly well. If you have something specific that applies to my quote (which you added), let me know.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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