Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
And I have a hard time believing this would 'create' 300,000 jobs. Maybe it would prevent 300,000 people from losing a job.
Assuming it would 'create' 300,000 jobs, that's $100k per job. Not exactly cheap.
Posted by eltoroverde 2012-12-14 14:37||
#2 Wouldn't extending the benefits make the unemployment figures much much worse? Since the vast majority of it's so-called 'improvement' is due to people running out of benefits and no longer being counted.
Posted by CrazyFool 2012-12-14 15:04||
#3 The underlying principle involved here relates to the well known economic fact that if you have a person dig a hole, and have another person fill in the freshly-dug hole, you've created two jobs.
I'm pretty sure Marx talked about exactly this in Das Kapital.
Posted by Steve White 2012-12-14 16:06||
#4 Could anyone explain to me how this works? Is everyone in Washington insane?
Posted by JohnQC 2012-12-14 17:00||
#5 The "hole digging fallacy" extends or is a useful corollary to the "broken glass fallacy" in economics.
Posted by JohnQC 2012-12-14 17:04||
#6 "Could anyone explain to me how this works? Is everyone in Washington insane?" -- JohnQC
Posted by Barbara 2012-12-14 17:13||
#7 Is everyone in Washington insane?" Ummm, yes.
Posted by Redneck Jim 2012-12-14 17:45||
#8 Perhaps not everyone, but Mostly.
Especially those with a "D" Gesignation, to rule, not with for justice for all, but for some.
Posted by Redneck Jim 2012-12-14 17:48||
#9 I was curious what might be said here on the berg. I was at a loss for words myself. This current administration will have no qualms supporting this.
Posted by Dale 2012-12-14 19:57||
#10 Is everyone in Washington insane?
No. Where do you think the majority of those "jobs" will be created?
Posted by tu3031 2012-12-14 20:04||