The real party of NO, the GOP, steps it up

[Riot]

Originally Posted by joeydb

LOL....you believe that????

Ahem -- if it was REALLY stimulus, the unemployment rate would DROP.

It's not a matter of "belief", it's the truth. The only disagreement among economist is the amount of benefit you get per doller. Those funds DO keep the unemployment level lower. Unemployment money is immediately plowed right back into the economy - food, rent, gas, etc. That keeps those folks providing those services employed, keeps demand high there.

This isn't new or imaginary. There's plenty of economic history to show it's absolutely true.

If we were to kick out everyone off unemployment - millions of people - yes, the jobless rate will raise, and the economy will crash.

What doesn't work is, for example, continuing the tax cut for the top 2% of earners assuming they will spend it. They don't. They have enough money to purchase what they want in spite of the economy. That money tends to get saved. During the 10 years since that policy was first was initiated, we lost 800,000 jobs. Trickle down doesn't work. See Reagan, too.