Obama: Give economy $50 billion boost - Page 2 - XDTalk Forums - Your HS2000/SA-XD Information Source!

**AZXD** · 06-10-2008, 08:32 AM

I think it's wonderful

I just hope McCain is able to exploit it for what it is

FrankRizzoXD40 · 06-10-2008, 08:55 AM

Quote:

Barack Obama says he wants to extend benefits for those out of work

Another brilliant liberal idea...paying people not to work will help the economy.

It ranks right up there with, "imposing higher taxes and costs on the companies who produce gasoline will cause them to reduce gasoline prices".

Frank

FrankRizzoXD40 · 06-10-2008, 08:56 AM

Quote:

Originally Posted by AZXD

I just hope McCain is able to exploit it for what it is

Exactly...

That's one of the (many) things that I'm worried about with McCain. I somehow doubt his ability to exploit Obama's weaknesses and ridiculous ideas.

Frank

XDConvert9mm · 06-10-2008, 09:10 AM

Quote:

Originally Posted by FrankRizzoXD40

Exactly...

That's one of the (many) things that I'm worried about with McCain. I somehow doubt his ability to exploit Obama's weaknesses and ridiculous ideas.

Frank

I think McCain's on the way with items like the story below:

McCain paints Obama as job-killing liberal - Yahoo! News

FrankRizzoXD40 · 06-10-2008, 09:13 AM

Quote:

Originally Posted by XDConvert9mm

I think McCain's on the way with items like the story below:

McCain paints Obama as job-killing liberal - Yahoo! News

Good! I hope he keeps it up....

I also heard today that McCain is now saying that Obama is running for Jimmy Carter's 2nd term!

Frank

**AZXD** · 06-10-2008, 09:35 AM

Good article. It points out the learned tactic of being confronted and twisting into a different direction.
The same tactic we see materialize here. When a challenge confronts the message, change the message.

The job market and taxes = Health care
Got it

I really thought I'd seen the end of "I know you are, but what am I?" when I entered High School.
I thought wrong

Quote:

Originally Posted by XDConvert9mm

I think McCain's on the way with items like the story below:

McCain paints Obama as job-killing liberal - Yahoo! News

wombat13 · 06-10-2008, 09:58 AM

Here is an excellent review of the impact of unemployment benefits:

Unemployment Insurance Does Not Stimulate the Economy

Extending unemployment benefits increases the length time workers remain unemployed.

Here's the section related to extending benefits:

"Unemployment insurance gives money to workers that they lose once they find a job. This encourages workers to remain unemployed to collect benefits. Even for conscientious workers, UI reduces the pressure to seek employment. Unsurprisingly, research shows that when the government increases the duration of UI benefits, the length of time workers spend unemployed also increases.

Figure 1 comes from a study of unemployed workers collecting benefits in Pennsylvania.[5] It shows the probability that unemployed workers in Pittsburgh will find work, either with a new employer or with their old employer, as they exhaust their UI benefits. Relatively few workers started work on any given week. However, a full 28 percent of workers who had not yet found jobs found them as soon as their UI benefits ran out--10 percent with their old employer and 18 percent with a new employer. Unemployment insurance encourages many workers to delay starting work while they collect benefits.

Many other researchers have come to the same conclusion.[6] Researchers at Harvard found that extending unemployment insurance eligibility by 13 weeks increases by two weeks the amount of time that workers remain unemployed. Each additional week that the government extends UI benefits extends the length of time the average worker stays unemployed by 0.16 to 0.20 weeks.[7] Since some workers find jobs in the first month of unemployment, extending UI means significantly longer periods of unemployment for those who do not start work quickly.[8]

Extended UI not only encourages workers to take longer to start working again but also encourages companies to wait longer before rehiring workers they have laid off. Employers take into account the fact that their laid-off workers will receive UI and are slower to hire them back. Figure 1 shows that fully 10 percent of unemployed workers who exhausted their UI benefits in Pittsburgh were hired the next week by their previous employer.

It is extremely unlikely that employers did this because of a sudden jump in business the week benefits ran out. Instead, employers appear to use UI to hold their workforce together without paying their workers during times of low demand. This hurts the well-being of workers and their families and leaves them without important health benefits. Extending UI benefits an additional 13 weeks would allow employers to keep their workers "on call" without paying them for a longer period.[11]

Extended unemployment insurance lengthens unemployment. It encourages workers to stay unemployed and companies to delay rehiring laid-off workers. Higher unemployment and fewer workers do not promote economic growth."

**AZXD** · 06-10-2008, 10:12 AM

Extending unemployment benefits increases the length time workers remain unemployed.

mgeoffriau · 06-10-2008, 10:29 AM

It shouldn't be a secret that providing an incentive to remain unemployed increases the number of unemployed people (and the length of time they remain unemployed).

XDConvert9mm · 06-10-2008, 10:31 AM

Quote:

Originally Posted by mgeoffriau

It shouldn't be a secret that providing an incentive to remain unemployed increases the number of unemployed people (and the length of time they remain unemployed).

Outside of the Beltway it's certainly no secret. Inside....there's a different reality going on, especially in this election year. Gots to rent the votes any way you can!

06-10-2008, 08:32 AM	#11
AZXD XDTalk 10K Member Join Date: Feb 2007 Location: Valley of the GUN Posts: 12,812	I think it's wonderful I just hope McCain is able to exploit it for what it is __________________ Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD They tell you they are not going to tax your family. No, they’re just going to tax “businesses”! So unless you buy something from a “business”, like groceries or clothes or gasoline … or unless you get a paycheck from a big or a small “business”, don’t worry … it’s not going to affect you. Fred Thompson RNC Convention Speech

06-10-2008, 10:12 AM	#18
AZXD XDTalk 10K Member Join Date: Feb 2007 Location: Valley of the GUN Posts: 12,812	Extending unemployment benefits increases the length time workers remain unemployed. __________________ Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD They tell you they are not going to tax your family. No, they’re just going to tax “businesses”! So unless you buy something from a “business”, like groceries or clothes or gasoline … or unless you get a paycheck from a big or a small “business”, don’t worry … it’s not going to affect you. Fred Thompson RNC Convention Speech

06-10-2008, 10:29 AM	#19
mgeoffriau XDTalk 1K Member Join Date: May 2005 Location: Jackson, MS Posts: 1,038	It shouldn't be a secret that providing an incentive to remain unemployed increases the number of unemployed people (and the length of time they remain unemployed). __________________ I felt early on I wasn't going to be a respectable citizen. -- Cormac McCarthy We are hard pressed on every side, but not crushed; perplexed, but not in despair; persecuted, but not abandoned; struck down, but not destroyed.

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06-10-2008, 09:58 AM	#17
wombat13 XDTalk 1K Member Join Date: Oct 2006 Location: Western NY Posts: 1,488	Here is an excellent review of the impact of unemployment benefits: Unemployment Insurance Does Not Stimulate the Economy Extending unemployment benefits increases the length time workers remain unemployed. Here's the section related to extending benefits: "Unemployment insurance gives money to workers that they lose once they find a job. This encourages workers to remain unemployed to collect benefits. Even for conscientious workers, UI reduces the pressure to seek employment. Unsurprisingly, research shows that when the government increases the duration of UI benefits, the length of time workers spend unemployed also increases. Figure 1 comes from a study of unemployed workers collecting benefits in Pennsylvania.[5] It shows the probability that unemployed workers in Pittsburgh will find work, either with a new employer or with their old employer, as they exhaust their UI benefits. Relatively few workers started work on any given week. However, a full 28 percent of workers who had not yet found jobs found them as soon as their UI benefits ran out--10 percent with their old employer and 18 percent with a new employer. Unemployment insurance encourages many workers to delay starting work while they collect benefits. Many other researchers have come to the same conclusion.[6] Researchers at Harvard found that extending unemployment insurance eligibility by 13 weeks increases by two weeks the amount of time that workers remain unemployed. Each additional week that the government extends UI benefits extends the length of time the average worker stays unemployed by 0.16 to 0.20 weeks.[7] Since some workers find jobs in the first month of unemployment, extending UI means significantly longer periods of unemployment for those who do not start work quickly.[8] Extended UI not only encourages workers to take longer to start working again but also encourages companies to wait longer before rehiring workers they have laid off. Employers take into account the fact that their laid-off workers will receive UI and are slower to hire them back. Figure 1 shows that fully 10 percent of unemployed workers who exhausted their UI benefits in Pittsburgh were hired the next week by their previous employer. It is extremely unlikely that employers did this because of a sudden jump in business the week benefits ran out. Instead, employers appear to use UI to hold their workforce together without paying their workers during times of low demand. This hurts the well-being of workers and their families and leaves them without important health benefits. Extending UI benefits an additional 13 weeks would allow employers to keep their workers "on call" without paying them for a longer period.[11] Extended unemployment insurance lengthens unemployment. It encourages workers to stay unemployed and companies to delay rehiring laid-off workers. Higher unemployment and fewer workers do not promote economic growth."