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- #201
Lol what are you talking about? More of an impact when they had a job? Lol no shit. They lost their job to the recession. Lol it does mention the cost of the unemployment benefits. Every dollar lost in revenue was replaced by $1.61 from consumer spending.Lol economists are smarter than your simple minded reasoning about money. It's all explained right here by an economist. Can you sound that word out for me? E-con-omist. I know it's a new word for your vocabulary but in time you'll grasp it.No they had a unique situation. They were poor and desperate for money. The benefits they received were spent IMMEDIATELY on basic services. See had someone of the middle class had received that money they were more likely to save it before they spent it. Chances are when they would spend it it would go to some luxury item. Or maybe they would spend it immediately. However, the unemployed will guarantee the market service right away.Well this where your ignorance comes on display. The extension of unemployment benefits created economic demand. For every dollar given to the unemployed they quickly spent it on food, clothing, and shelter. Every dollar spent created $1.61 in economic growth. Than is the nature of capitalism in terms of demand side economics.
Stop and actually think Billy. You expect us to believe people on unemployment spend MORE money on food, clothing and shelter than employed people? Economic growth?
Wrong, those folks didn't suddenly start consuming more food or more housing idiot.
Extended Federal Unemployment Benefits and the Economy
Interesting that your study fails to mention that the same person made more of an impact when they had a job. Not to mention ignoring the costs of food stamp and unemployment benefits on the economy. The report is highly flawed, but then you already knew that, because your such an economist.
I'm sorry you flunked reading comprehension.