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View Diary: Sander Levin: Cutting off unemployment insurance would be 'a disservice to humanity' (35 comments)

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  •  See Mark Zandi's 2008 study of Govt stimulus (9+ / 0-)

    Here's the whole PDF. It says that the fiscal economic bang for the buck is highest with spending on food stamps. That produces $1.73 in economic activity for every $1 spent. Next is extended unemployment benefits. They clock in at $1.63. Next is infrastructure spending at $1.59.

    Looking at the bottom of the stimulus list, we have accelerated depreciation of capital expenditures generating 27 cents per government dollar cut. Next worst is if the Bush Tax Cuts were to be made permanent (29 cents), and a cut in the corporate tax rate (30 cents).

    Wow, everything the Dems want actually help the economy and everything the Republicans want, kills it.


    i just baptized andrew breitbart into the church of islam, planned parenthood, the girl scouts and three teachers unions. - @blainecapatch

    by bobinson on Mon Dec 09, 2013 at 01:44:17 PM PST

    •  This is economic stimulus by a different name. (1+ / 0-)
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      tb mare

      If we could convince the GOP that paying unemployment benefits was actually good for corporate bottom lines and investor dividends, then we might get a hearing.

      If I ran this circus, things would be DIFFERENT!

      by CwV on Mon Dec 09, 2013 at 02:09:20 PM PST

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      •  Naw, I don't think so. (1+ / 0-)
        Recommended by:
        bobinson

        It seems logical, but the corporate mindset doesn't work that way. Their main concern is that government is too powerful, and hence has the ability to rein them in. Anything, that weakens government (or gives them unbridled control of the government) is top of the agenda. Destroying the economy for the middle class and poor, while maintaining their place at the teat, is the end all and be all of their strategy.

        To really understand this, you only need to read Naomi Kline's excellent economic historical account, "The Shock Doctrine," which documents this process internationally ad nauseam.

        It's our turn, now.

        IMHO

        "I guess you think you can psych me out by saying really random stuff." -Sora, Hollow Bastion, KH2

        by SphericalXS on Mon Dec 09, 2013 at 02:52:05 PM PST

        [ Parent ]

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