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Legislators Economic Stupidity Strikes Again!

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I’ve heard dumb economic arguments coming out of the mouths of Representatives before, but this one takes the cake.

Anyone who has been reading the numerous economic reports and editorials the last couple of years knows that companies are not hiring not because they lack money but because there is not enough demand. More demand will translate into greater need to hire.

Regardless of the fact that two and half million people will be left with no income whatsoever, and will end up on States poverty roles, extending unemployment does put money into the economy through buying – which is demand. Without even that arguably modest demand, more jobs will be at risk because employers will see a drop in revenues requiring them to lay off workers.

How do these guys keep getting hired when they seem incapable of reading and learning what is going on in the economy?


Written by Valerie Curl

November 30, 2010 at 4:01 PM

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