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A victory for jobless Americans (7/22/10, page AA1)

Posted on July 23, 2010 
Filed Under National

Lisa Mascaro, McClatchy

One of the problems with having journalists write stories (or headlines) about economic issues is that they are just too stupid to understand what they are writing about. That’s why they went into journalism, because engineering was out of the question.

The so-called jobless benefit will, in the end, reduce the likelihood that Americans who are currently unemployed will find meaningful work. Why? Because President Obama and the Democrats just sucked up even more money FROM the economy to pay these unemployment benefits.

That’s money that will not be invested in new ideas, won’t be loaned to growing businesses, won’t be loaned to homebuyers, won’t be loaned to anyone that creates real jobs.

Note in this article that Lisa never asks where this money is coming from and she especially doesn’t ask what the opportunity costs are for extending unemployment benefits.

And the headline writer for the liberal Contra Costa Times should be ashamed of herself. This is NO victory for jobless Americans. All this extension does is extend their misery. If you want to create jobs, cut taxes and cut government. Democrats did neither and the CCTimes is too stupid to understand that.

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