The knee-jerk and common sense reaction — to Nancy Pelosi and the Democrat’s claim that Unemployment Payments stimulate the economy — is, correctly, to roll your eyes and assert that it is nothing more than a politically motivated claim.
A few short years ago, in 2004-2005, the Democrats were complaining about how bad the situation was for the unemployed under President Bush when the Unemployment Rate was 4% – 5% — not the 9% – 10% under the Obama regime. That visit to the history books alone answers the question as to whether or not the claim of its stimulative affect is ideologically motivated.
But, alas, a good Conservative / Tea Partier wants the facts, and here are a slew of them from the Cascade Policy Institute — Oregon’s Premier Policy Think Tank.
Here’s the scoop on the stimulative negative affect of Unemployment Insurance.