{"id":36983,"date":"2010-12-01T01:01:01","date_gmt":"2011-05-19T00:15:35","guid":{"rendered":""},"modified":"2011-05-19T00:15:35","modified_gmt":"2011-05-19T00:15:35","slug":"unemployment_benefits_drive_economic_growth_idiocy_day_two","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/12\/01\/unemployment_benefits_drive_economic_growth_idiocy_day_two\/","title":{"rendered":"Unemployment Benefits Drive Economic Growth Idiocy, Day Two"},"content":{"rendered":"
\n

RUSH: We\u2019re gonna have to get to this unemployment business \u2019cause Pelosi\u2019s back now saying that unemployment benefits grow the economy. She\u2019s back repeating this, and there were some other people saying this yesterday that we spent a lot of time on dissecting, and that was based on a story. There was this most idiotic AP story yesterday on how if unemployment benefits weren\u2019t extended, Christmas would be over, the country would end. It was all about how unemployment compensation benefits grow the economy. It was the most idiotic piece I have read written by a leading wire service. <\/p>\n

<\/a>It reported such silly things as tax cuts actually hurt the economy because those are just gifts from the government to people. I went through this long monologue. In fact, in the next issue of the Limbaugh Letter we are going to illustrate my little monologue on this yesterday with how all of this works, unemployment benefits, how they don\u2019t grow the economy. I was stunned reading this yesterday, and now Pelosi\u2019s back, and we\u2019ve got a whole audio segment on this with other sound bites, people weighing in on it. <\/p>\n

BREAK TRANSCRIPT<\/line> <\/line> RUSH: Let\u2019s move on to this unemployment benefits compensation, day two. This is from the Associated Press, Tom Breen: ‘Two Million Lose Jobless Benefits as Holidays Arrive.\u2019 You know, I remember back to yesterday, it\u2019s amazing I was able to keep my composure. I only had to bleep myself once yesterday, and thinking back on it I\u2019m amazed I didn\u2019t have to bleep myself a number of times during this discussion of unemployment benefit extensions. When I read that AP piece and these people trying to intellectually explain how unemployment benefits boost economic activity and how tax cuts are a gift, the government gives tax cuts, I don\u2019t want to go through the whole thing. If you missed it, it would be worth going to RushLimbaugh.com<\/a> to revisit that whole segment yesterday in that monologue because it was so good we\u2019re gonna put it in graphic display in the next issue of the Limbaugh Letter. I just ordered that today. We\u2019re gonna have Obama\u2019s stash over here, the stash, where does Obama get his stash, where does it come from. This idea that somebody has an income of a million dollars has it because Obama\u2019s given it to \u2019em or the government\u2019s given it to \u2019em and if they get a tax cut it\u2019s because the government gives them a tax cut, writes them a check every month for $5,000 for a tax cut, is silly, and that\u2019s what this AP story essentially said.<\/line><\/p>\n

So now here\u2019s today\u2019s installment: ‘Extended unemployment benefits for nearly 2 million Americans begin to run out Wednesday, cutting off a steady stream of income and guaranteeing a dismal holiday season for people already struggling with bills they cannot pay. Unless Congress changes its mind, benefits that had been extended up to 99 weeks will end this month. That means Christmas is out of the question for Wayne Pittman, 46, of Lawrenceville, Ga., and his wife and 9-year-old son. The carpenter was working up to 80 hours a week at the beginning of the decade, but saw that gradually drop to 15 hours before it dried up completely. His last $297 check will go to necessities, not presents. ‘I have a little boy, and that\u2019s kind of hard to explain to him,\u2019 Pittman said.\u2019<\/p>\n

Isn\u2019t it funny now here in the AP how important Christmas is all of a sudden? In fact, when\u2019s the last time AP used the word in a story? Normally it\u2019s the winter holidays or the holidays or whatever. Now all of a sudden they\u2019ve got no compunction about using the word Christmas. Christmas is usually a forbidden word in the AP Stylebook. It\u2019s gotta be ‘holidays.\u2019 You can\u2019t say Merry Christmas \u2019cause it\u2019s gonna offend people. But the word Christmas appears seven times in this article. So the AP Stylebook says it\u2019s okay to mention Christmas when you\u2019re trying to tug at readers\u2019 heartstrings. <\/p>\n

‘Congressional opponents of extending the benefits beyond this month say fiscal responsibility should come first. Republicans in the House and Senate, along with a handful of conservative Democrats, say they\u2019re open to extending benefits, but not if it means adding to the $13.8 trillion national debt.\u2019 Now, notice here again the opposition to extending benefits for a fifth time this year without paying for \u2019em is actually bipartisan. There are some Democrats who don\u2019t want to do this, either. Just like the support for extending the Bush tax rates for everybody is bipartisan. What happened to the importance of being bipartisan? It seems to me that if it was bipartisan, everybody ought to accept it. That\u2019s what we want, right? We want bipartisanship. Well, we\u2019ve got it here. We got Republicans and Democrats who say if you\u2019re gonna extend unemployment benefits, then pay for it. Shouldn\u2019t that make it automatic, bipartisanship being what the media and everybody else says we should be aspiring to? <\/p>\n

Back to the story: ‘Forget Christmas presents. What the so-called \u201999ers\u2019 want most of all is what remains elusive in the worst economy in generations: a job. … Ninety-nine weeks may seem like a long time to find a job. But even as the economy grows,\u2019 it isn\u2019t growing. I got a story in the stack to illustrate. They\u2019ve done a survey of employers and the number of people they\u2019re gonna fire and lay off in January versus last January is almost 50% more. The number of employee layoffs starting next month versus January of this year is almost 50% additional, and yet these jerks say we have an economy that\u2019s growing. ‘The private sector added about 159,000 jobs in October — half as many as needed to reduce the unemployment rate of 9.6 percent.\u2019 This is journalistic malpractice. Mr. Breen, you ought to be ashamed. Well, you\u2019re probably not. You\u2019re doing the bidding of your bosses, the administration. <\/p>\n

Now, a carpenter, Mr. Pittman, 46, of Lawrenceville, Georgia, he\u2019s probably a listener. The odds are that most people are. Mr. Pittman, you have skills. You can make things. You can sell things. People buy handmade things all the time, handmade Christmas ornaments, they buy all sorts of things. It\u2019s not as though there\u2019s nothing for you to do, Mr. Pittman. I know if I go any further it\u2019s gonna be heartless Rush attacks carpenter out of work, I can see the headline. When we come back audio sound bites on unemployment extension, benefits extension, how it grows the economy and all that rotgut, a continuation of the sham that was reported yesterday. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: All right. Let\u2019s go back to yesterday\u2019s AP story before we get to today\u2019s audio sound bites, because yesterday\u2019s AP story was a fax. It was a fax from Pelosi\u2019s office or a fax from the Oval Office or somewhere. Here\u2019s how it began: ‘If Congress lets unemployment benefits expire this week for the long-term unemployed, they won\u2019t be the only ones to feel the pain. The overall economy would suffer, too. Unemployment benefits help drive the economy…\u2019 ‘Unemployment benefits help drive the economy…\u2019 Now, just stop and think of that alone. If ‘unemployment benefits help drive the economy,\u2019 we need more of them and an extension here is just not nearly enough. If they help drive the economy, doesn\u2019t that say that unemployment drives the economy?<\/p>\n

Doesn\u2019t it? I mean, you don\u2019t have unemployment benefits without unemployment. So unemployment drives the economy. Let\u2019s continue. ‘Unemployment benefits help drive the economy because the jobless tend to spend every dollar they get, pumping cash into businesses. A cut-off of aid for millions of people unemployed for more than six months could squeeze a fragile economy, analysts say. Among the consequences they envision: Annual economic growth could fall by one half to nearly 1 percentage point. Up to 1 million more people could lose their jobs. Hundreds of thousands would fall into poverty. ‘Look for homelessness to rise and food lines to get longer as we approach Christmas if the situation can\u2019t be resolved,\u2019 says Diane Swonk, chief economist at Mesirow Financial.<\/p>\n

‘That money ripples through the economy, into supermarkets, gasoline stations, utilities, convenience stores. That allows those businesses to hire more people…\u2019 Then why aren\u2019t they? Here are the numbers. This is a Reuters story. ‘The number of planned layoffs by U.S. employers rose in November…\u2019 This is planned. ‘The number of planned layoffs by U.S. employers rose in November to the highest level since March, with the government and non-profit sector leading the rise… Employers announced 48,711 planned job cuts last month, up 28 percent from 37,986 in October,\u2019 and as they look forward to they\u2019re planning on even more layoffs in January. Now, how does that happen?<\/p>\n

How can that possibly happen if these people are right about unemployment driving economy via unemployment benefits? Shouldn\u2019t the economy be growing left and right as people lose their jobs? I mean that\u2019s how stupid that thinking is. It is embarrassingly stupid, this piece. That money ripples through the economy into supermarkets. So why do we all just quit our jobs and everybody go on unemployment? If benefits were the way to stimulate economic growth, why would anybody work? Now, the story goes on and on and on to talk about how this all happens, which led me to ask a question: Where do these ‘benefits\u2019 come from? You\u2019re outta work, and you get your $300 — what is it, a week? — check. <\/p>\n

Where does it come from? It\u2019s not yours. It\u2019s not yours. If it were yours you\u2019d go to the bank and get it so whose is it? Where is it coming from? The point is that money has been taken out of the economy first. There\u2019s not a single new dollar added to the economy with unemployment benefits. It\u2019s just a transfer payment. It\u2019s going from one pocket to another. But there aren\u2019t any new dollars circulating. That\u2019s why I said yesterday, this is economics 101. This is irresponsible for a leading wire service to be writing such pap. That\u2019s why I said it\u2019s a fax. It came from some Democrat office. Let\u2019s go to the audio sound bites to prove it. Here\u2019s a montage of journalists from Headline News, CNN, MSNBC, ABC, CNN, blah, blah, blah, blah, blah, about unemployment benefits, the checks, and what will happen…<\/p>\n

ROBIN MEADE: (music) The last check is in the mail for about two million Americans unless something changes. <\/p>\n

WOLF BLITZER: Two million people are expected to stop receiving checks.<\/p>\n

POPPY HARLOW: Two million Americans losing those unemployment checks…<\/p>\n

TONY HARRIS: Two million people are expected to stop receiving checks. <\/p>\n

SHARYN ALFONSI: Two million people who will stop getting unemployment checks…<\/p>\n

RICHARD LUI: Those checks will stop. <\/p>\n

RACHEL MADDOW: About two million people are going to stop getting checks. <\/p>\n

CHRISTINE ROMANS: People today very, very concerned this morning about where their next check will come from. <\/p>\n

RUSH: Right. Okay. So it\u2019s all part of a plan to action. They run the story, then they get all the media talking about all this horror. Now we move to Hardball last night with Chris Matthews interviewing Sherrod Brown, Democrat Senator, Ohio. Matthews says, ‘The American people gonna have their taxes go up in January if the Republicans hold out for the rich. That will happen, but you\u2019re saying that they\u2019re gonna buckle?\u2019<\/p>\n

BROWN: These tax cuts for the rich — that Bush did twice, Chris, in \u201901 and \u201903 as you know — resulted in very little economic growth. We saw only one million jobs created in the Bush years, 22 million created in the — in the Clinton years when we reached a balanced budget with a fairer tax system. And there\u2019s no real history illustrating that these tax cuts for the rich result in jobs. It\u2019s extending unemployment benefits that creates economic activity, that creates jobs, not giving a millionaire an extra 10 or 20 or $30,000 in tax cuts that they likely won\u2019t spend \u2019cause they\u2019re already buying what they\u2019re gonna buy anyway.<\/p>\n

RUSH: (laughing) That\u2019s exactly what the AP story said yesterday. It\u2019s exactly. So it is not rich people — forget even the rich. It\u2019s not tax cuts that propel an economy, it\u2019s unemployment benefits! Now, this is pure sophistry. This is embarrassing, but here\u2019s a Democrat Senator actually saying it. Tax cuts don\u2019t cause economic growth, unemployment benefits do! Unemployment benefits create economic activity that creates jobs. Somebody explain this to me. How does…? Well, you can\u2019t explain it. I\u2019m not even gonna ask for it. There\u2019s no way unemployment benefits create jobs, but this is what the Democrats are saying. (interruption) The unemployed can\u2019t hire people, exactly. They… (interruption) No. The unemployed can\u2019t hire people, otherwise they\u2019d hire themselves and we wouldn\u2019t have any unemployment, but they don\u2019t. No, it\u2019s just… It is depressingly stupid.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Notice something else, ladies and gentlemen, this whole thing is a giant scam, the whole thing is an orchestrated political movement. Notice unemployment benefits were scheduled to expire after the elections and right before Christmas, thereby making this debate necessary. This is how the left always does things. Everything is political, nothing is compassionate, nothing is oriented around humanity or any of the things that they say they care about. Every bit of it is manipulatively political.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: We\u2019re gonna have to get to this unemployment business \u2019cause Pelosi\u2019s back now saying that unemployment benefits grow the economy. She\u2019s back repeating this, and there were some other people saying this yesterday that we spent a lot of time on dissecting, and that was based on a story. 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