Friday, May 6, 2011

Speaking of ex-speaker Nancy Pelosi

Here's an amusing video clip of Nancy Pelosi speaking on the virtues of unemployment insurance benefits.  Yes folks, she did find two good things about unemployment compensation.  It helps people who lost their jobs pay for food and shelter.  When people spend their unemployment benefits they "create" jobs.  It is an interesting idea that she claims has the support of many economists.  Except for the fact she and these economists have it all wrong, I would support the idea too.  The problem is unemployment benefits are 50% of a persons wages in a recent 12 month period.  So unemployed people are stimulating the economy less because they have to cut back on their spending.  Ms. Pelosi would really help stimulate the economy by putting her mind in gear and her mouth in neutral.  If she would help repeal obamacare and other job crushing tax bills she would see unemployment start to drop.  Every time congress finds a new way to spend the taxpayers money, they send more jobs offshore.  IF she would sponsor real immigration reform and cut down the number of illegal immigrants taking jobs from American Citizens.  Oops, I forgot, immigration amnesty is encouraged by democrats like Pelosi in hopes the immigrants will vote for them.  Stop taxing the citizens who are already here and you wouldn't need to import votes.

http://youtu.be/Wg7hatVEflA

Note: This video was made in July 2010

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