Congress headed toward unemployment showdown

[mystery-ak]

Congress headed toward unemployment showdown
By Alexander Bolton - 05/22/20 06:00 AM EDT

A debate over whether to extend enhanced unemployment benefits is emerging as a significant obstacle to getting a deal on another round of coronavirus relief legislation.

With the national unemployment rate expected to creep toward 20 percent in the months ahead, the fight over whether to boost benefits for Americans who lose their jobs or to keep benefits lean to motivate laid-off employees to rejoin the workforce is set to become a defining issue ahead of the election.

Senate Majority Leader Mitch McConnell (R-Ky.) says that Senate Republicans don’t have any interest in extending the $600 federal increase to state unemployment benefits that was a core component of the $2.2 trillion CARES Act.

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https://thehill.com/homenews/senate/499074-congress-headed-toward-unemployment-showdown

[jafo2010]

Congress has their jobs and their pay.  Beyond that, they don't give two sh*ts.  What have they done to create jobs in America?  A big fat nothing!!!

[Smokin Joe]

Congress has their jobs and their pay.  Beyond that, they don't give two sh*ts.  What have they done to create jobs in America?  A big fat nothing!!!

They don't create real, private sector jobs, they just get in the way or out of the way.

[IsailedawayfromFR]

They don't create jobs, they just get in the way or out of the way.

Well, Nancy is on record of saying

Pelosi: 'Extending Unemployment Benefits Is Best Way to Stimulate Economy'
May 14, 2003
Economists tell us that extending unemployment benefits is the most effective way to quickly grow the economy and create jobs. It is a fast, fair and fiscally responsible investment. For every dollar the federal government invests in unemployment benefits, the return is $1.73 in economic growth. In contrast, for every dollar the federal government provides to cut taxes on dividends, the return is only nine cents.
https://pelosi.house.gov/sites/pelosi.house.gov/files/pressarchives/releases/prExtendingUnemploymentBenifits051403.htm

She actually believes this garbage

[Smokin Joe]

Well, Nancy is on record of saying

Pelosi: 'Extending Unemployment Benefits Is Best Way to Stimulate Economy'
May 14, 2003
Economists tell us that extending unemployment benefits is the most effective way to quickly grow the economy and create jobs. It is a fast, fair and fiscally responsible investment. For every dollar the federal government invests in unemployment benefits, the return is $1.73 in economic growth. In contrast, for every dollar the federal government provides to cut taxes on dividends, the return is only nine cents.
https://pelosi.house.gov/sites/pelosi.house.gov/files/pressarchives/releases/prExtendingUnemploymentBenifits051403.htm

She actually believes this garbage

She is so full of it she's a walking superfund site.

[DB]

More people working more wealth created.

Less people working less wealth created.

Pay people not to work and there is less wealth created.

It is as simple as that.

[cato potatoe]

McConnell's approach is backwards.  I would nix every other bailout and extend the supplemental unemployment, while requiring workers to return to their jobs if offered.  The benefits are necessary to avoid civil disorder over the coming months.  Any stimulative effect will be a bonus.  What the media and political elite have done to the common American over the last few months is criminal.  They must be held accountable for their actions.  I just don't see any way around providing a safety net for the people whose livelihoods were destroyed.

[Smokin Joe]

McConnell's approach is backwards.  I would nix every other bailout and extend the supplemental unemployment, while requiring workers to return to their jobs if offered.  The benefits are necessary to avoid civil disorder over the coming months.  Any stimulative effect will be a bonus.  What the media and political elite have done to the common American over the last few months is criminal.  They must be held accountable for their actions.  I just don't see any way around providing a safety net for the people whose livelihoods were destroyed.

If anything, the supplemental UI, but at a fading rate-drop 50 a week, every week. Nothing else.