View Poll Results: Should benefits be extended?

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  • yes

    44 42.31%
  • no

    50 48.08%
  • let them starve

    4 3.85%
  • Who cares?

    1 0.96%
  • other

    5 4.81%
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Thread: Unemployment Benefits Extension

  1. #41
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    Re: Unemployment Benefits Extension

    I think that the GOP saw that the recovery was going decently. When Obama started the job the economy was losing 700 000 jobs a month. Now it is about to bring its head above water the GOP is moving with austerity prematurely in an attempt to slow the growth under the democrats for the fall elections. They voted the washed down version of the bill in solidarity.

  2. #42
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    Re: Unemployment Benefits Extension

    Okay then.

    One side of this debate actually understands the economics and the other side is flailing around hopelessly.

    Let's start.

    First principle: The marginal propensity to save and consume differ at economic and wealth levels. Those with large amounts of money and wealth generally save more and consume less as a percentage of their income and wealth then those not so fortunate. Unemployment benefits generally go to those in the lower economic brackets. The same people with higher marginal propensity to consume.

    Increasing payments to groups with greater tendencies to spend money in their local markets increases demand and thereby increases economic activity. Businesses then respond by increasing hiring and increasing orders which then trickles down the supply chain. Reagan was partially right on trickle down economics, except that his start pointing was wrong. Therefore, unemployment benefits are in many ways, the fastest form of stimulus that the government has. Someone who has no savings and has immediate expenses spends that money quickly. Giving a tax cut to someone who's marginal propensity to save is high and hasn't changed with the economy is not effective. As we saw with the Depression, the rich buckled down and stopped spending so lavishly. It's a reason why luxury products took truly massive hits during the worst days of the recession but while Walmart saw some of its best per store sales.

    Take away unemployment benefits and you will see businesses cut back as consumer spending drops. With no income, you conserve to spend only on necessities. That is death to our retail driven economy.

    Ironically, to support business, you support unemployment benefits. Note, this cannot go on forever, but right now there seems economically and logically good reasons to support it.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #43
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Cole View Post
    And back to the earlier point. How exactly is the proposed legislation going to get paid for?

    If we are just magically going to provide this money out of the sky, why not double the amount of the unemployment payments?

    ...or triple it? That oughta buy some future votes.



    .
    If we can fund a dumb ass stupid ****ing war for ten years without making people pay taxes for i (in fact, lowering taxes for the rich), then we can fund a few billion for a temporary unemployment extension.

    The republicans are playing chess with the American workers.

  4. #44
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Redress View Post
    How so? They have never denied what I said, so how is it not according to them?
    According to them the unemployment rate is dropping, they claim to have saved 3.8 Million jobs.

    The above are so easy to say, almost impossible to prove.

    Unemployment rate will drop as unemployed people come off being paid benefit, plus a number of folk simply give up trying to find work as their are no jobs to be found.
    The exception being that Illegal immigrants can always find jobs, because if there were no jobs they would head back home in droves.
    Last edited by jujuman13; 06-26-10 at 11:55 AM.

  5. #45
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Redress View Post
    Being in a recovery, which we undoubtedly are, is not the same thing as "booming". If you want a hostile environment to business, take away unemployment benefits and watch consumer spending drop.
    If you want a Hostile enviroment, continue endless benefits and watch your $ value, diminish to less than the value of the Zimbabwean $.

    For it is an absolute fact that withought income, constant expenditure leads to Bankruptcy.

  6. #46
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Redress View Post
    Yes, people are buying things with their unemployment money, which means people have to supply those items, which is jobs. Is this simple concept too complex?

    The regulations are to prevent another meltdown like this from happening again. Saying that the regulations won't do something they are not designed to is not making much of a point.
    Basically the things people on benefit, are buying are made overseas.
    Is that clear enough for you to understand or should I explain the eventual consequences of that to you as well?

  7. #47
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Cole View Post
    Believe this poll is being a little distorted. Have not followed the issue that closely. But I believe the issue with the GOP is the fact that the benefit extension is unfunded. There are no cuts elsewhere to pony up the funds to pay for the extension.

    The resources will essentially come from printing more cash and floating more debt.



    .
    Now if only you can explain this all so simple fact to all those who apparently fail to understand the simple facts of home economics.
    $10 income, $9.99 expenditure, result contentment.
    $10 Income, $10.01 expenditure, result bankruptcy.

  8. #48
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by jujuman13 View Post
    If you want a Hostile enviroment, continue endless benefits and watch your $ value, diminish to less than the value of the Zimbabwean $.

    For it is an absolute fact that withought income, constant expenditure leads to Bankruptcy.
    Wrong.. inflation is no worry when your unemployment is near 10%. You want a much lower level of unemployment before you become hostile to the social benifits. (imo 4-5%) Cutting economic stimulus before that time will only have a negative effect.

  9. #49
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Redress View Post
    2 weeks ago tells you nothing about when the hard times here start. It's a manufacturing area. When the economy is good, it excels. When the economy goes bad, it goes really bad here. The problem is not that people won't take less, the problem is there are no jobs.
    Possibly because they have priced themselves out of the jobs market.

  10. #50
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    Re: Unemployment Benefits Extension

    I voted "other" At this time I would be ok with extending the jobless benefits if it was off set with spending cuts in other areas of govt. spending. I also would want a provision where the unemployed spent at least 20 hours a week looking for work and at least 20 hours doing community service. This would espcially be for the ones that have run up against what normally would be paid out. Without the off-set, we have dug such a deep hole with the spending on the wars and social programs I feel we are on the brink. It also boils down to just way too many people for our country or economy to support. But I also feel the whole world is over populated since the world economy is almost in the tank.

    (Side note, I say this with having a daughter who's unemployment just ran out)
    "I can explain it to you but, I can't understand it for you"

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