Quote:
Originally Posted by Riot
 No, they are not buying TV's. They are buying groceries, gas, heat, pay mortgage. That keeps all those providers employed.
Take away those unemployment checks, and you have lost all that spending. You have people living in the street, and nobody buying groceries, and thus those jobs providing groceries are threatened and lost.
Is this really that hard to understand? This isn't politics It's high school Economics 101. |
Grocery stores are not laying people off, the other 85% of Americans will continue to eat. The energy companies and public utilities are not hurting and/or already govt subsidized. Property owners are generally sending a large portion of rent collected to banks. None of those entities produce goods or services that wouldn't continue to be produced regardless.
As I said before, all spending isn't necessarily very economical stimulating. Endorsing an extention because it is the right thing to do in a moral sense is defendable. Saying that we should extend them because it is good for the economy is not.