Thursday, July 01, 2010

Now, This Is A Reach

Nancy Pelosi wants to pass unemployment compensation extension because it creates jobs. Unemployment benefits creating jobs.

"It injects demand into the economy," Pelosi said, arguing that when families have money to spend it keeps the economy churning. "It creates jobs faster than almost any other initiative you can name."

I am all in favor of extending unemployment benefits, but this is just ridiculous. This is carrying the "consumer spending-based economy" to an extreme that defies belief. This is creating an economy that consists entirely of consumer spending. Nancy Pelosi has just gone off the rails here.

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