Welcome to Obama in Wonderland … we are truly in an alternate universe when unemployment benefits creates more jobs than a work project intended to create jobs.
English might have been George W. Bush’s second language; however, it has become obvious the economics is not even in Obama’s top 10 disciplines. While trying to play the martyr, Barack Obama said that he will delay his vacation and keep Congress in session until the passage of his desired payroll tax cut and unemployment benefits extension. Then Obama said the unbelievable … that the payroll tax cut and unemployment benefits extension would create more jobs than the Keystone pipeline. WHAT?
As Obama called for passage of those bills, he also responded to a recent Republican push to require him to approve the construction of the Keystone XL pipeline from Canada. “However many jobs might be generated by a Keystone pipeline,” he said, “they’re going to be a lot fewer than the jobs that are created by extending the payroll tax cut and extending unemployment insurance.”
Just curious, did this guy actually graduate college? If so, he certainly never took an economics course. Just curious, how does extending unemployment benefits create jobs? How do payroll tax cuts create them either? Is Obama just plain ignorant or does he actually believe the BS he is peddling? Ok, glad to see that I am not the only one who is scratching their head on this idiotic comment by Obama. As the Lonely Conservative opines, how is it that unemployment benefits create more jobs than a project actually intended to create jobs?
Is he insane? Unemployment benefits will create more jobs than a project that actually creates tens of thousands of jobs? Heck, the project would help offset the payroll tax cut he’s pushing for, seeing that 20,000 or more people would start paying income taxes, not to mention the other revenue the project would generate for the government. I guess he’d prefer to see those jobs go to China.
It sure would be nice to have a president with an inkling about how jobs and wealth are created.
This guy has got to go before he does so much damage that it cannot be undone. Never has a President needed to be voted out of office as Obama, since the misery index years of Jimmy Carter.