Archived material Access restricted Article

Today's Front Page   View All of Fri 12/14/2012 View Thu 12/13/2012 View Wed 12/12/2012 View Tue 12/11/2012 View Mon 12/10/2012 View Sun 12/09/2012 View Sat 12/08/2012
2012-12-14 Economy
Extend benefits a year and create 300,000 Jobs
Archived material is restricted to Rantburg regulars and members. If you need access email with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Dale 2012-12-14 12:00|| E-Mail|| Front Page|| [10798 views ]  Top

#1 Do they JMTSU as they go along?

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||   2012-12-14 14:37|| Front Page Top

#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||   2012-12-14 15:04|| Front Page Top

#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||   2012-12-14 16:06|| Front Page Top

#4 Could anyone explain to me how this works? Is everyone in Washington insane?
Posted by JohnQC 2012-12-14 17:00||   2012-12-14 17:00|| Front Page Top

#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||   2012-12-14 17:04|| Front Page Top

#6 "Could anyone explain to me how this works? Is everyone in Washington insane?" -- JohnQC

No. Yes.
Posted by Barbara 2012-12-14 17:13||   2012-12-14 17:13|| Front Page Top

#7 Is everyone in Washington insane?" Ummm, yes.
Posted by Redneck Jim 2012-12-14 17:45||   2012-12-14 17:45|| Front Page Top

#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||   2012-12-14 17:48|| Front Page Top

#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||   2012-12-14 19:57|| Front Page Top

#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||   2012-12-14 20:04|| Front Page Top

23:21 SteveS
23:12 JosephMendiola
23:09 JosephMendiola
22:56 JosephMendiola
22:54 JosephMendiola
22:30 Pappy
22:14 SteveS
21:35 Frank G
21:35 Barbara
21:33 Barbara
21:30 Water Modem
21:27 Frank G
21:26 Barbara
21:24 Thing From Snowy Mountain
21:23 Frank G
21:12 Frank G
20:11 tu3031
20:07 Pappy
20:04 tu3031
19:57 Dale
19:57 Pappy
19:56 Kelly
19:48 Kelly
19:42 Pappy

Search WWW Search