Tuesday, May 25, 2010

The new "Jobs" bill is a joke


The above link is a great opinion piece from today's Journal dissecting the new stimulus/jobs bill pending in the House. My fave line from the article:

Representative Jim McDermott recently declared on the House floor that jobless payments are "one of the most effective forms of economic stimulus" because "every unemployment dollar spent returns $1.64 of economic benefits". So let's lay off everybody, pay them for not working, and watch the economy really boom. Where do they teach this stuff?

So true. I hope some Republican in the House responded with that. This "Jobs" bill will have the same effect as the last one....and I believe unemployment currently stands at 9.9%. Let's hope this thing gets thrown on the legislative trash heap and the gov't quits wasting taxpayer dollars.

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