The continuing weakness in the job market, which I wrote about this morning, means that the debate over unemployment benefits will get more heated.
I’ve already noted that even left-wing academics like Paul Krugman and Larry Summers have admitted that you get more unemployment when you subsidize joblessness.
And I’ve cited some good research on the topic from the San Francisco Federal Reserve Bank, as well as other studies by academic economists.
But none of this evidence seems to matter, as I discovered in this debate with a former Obama Labor Department official.
To better understand the points I was making, here are two good anecdotes from Ohio and Michigan.
Last but not least, this cartoon does a very good who of teaching about the economics of unemployment insurance. And if you want to understand the absurdity of the left, this post shows Nancy Pelosi is a train wreck of economic illiteracy.
[…] there is a lot of data on the negative impact of unemployment insurance payments, and it’s obviously a damning indictment of Obama’s track […]
[…] there is a lot of data on the negative impact of unemployment insurance payments, and it’s obviously a damning indictment of Obama’s […]
[…] there is a lot of data on the negative impact of unemployment insurance payments, and it’s obviously a damning indictment of Obama’s […]
[…] What’s Better for the Unemployed, a Government Handout or a Private-Sector Job? […]
President Obama’s answer to your question is the public handout.
[…] What’s Better for the Unemployed, a Government Handout or a Private-Sector Job? […]
Reblogged this on Talon's Point.