Extending Unemployment Benefits to BOOST THE ECONOMY?

So Obama argues that he has economists on his side supporting extending unemployment benefits as one of the best wasy to boost the economy.

The argument goes, these people are most likely to spend the money putting stimulus into the economy.

IF that is the purpose I can deliver 10’s of thousands of people who will happily spend all the money we give them, and they are not in the class of people who have lost unemployment benefits, in fact many are self employed and never qualifed for such free money in the first place.

If the goal is to give people jobs, giving away money to spend is not the answer.

Why not give away “free” hot dog carts, or “free” pizza by the slice carts, or “free” burrito carts with premier locations.  The people who will take these are the people we want to help.

Want to create jobs?  Announce the government is purchasing 1 million hot dog carts and let American entrepreneurs bid on making them.  Sure McDonalds and Starbucks will scream, but it will rebuild the entrepreneurial spirit of America. 

STOP giving away money, let’s “give away” opportunity.!!!!

Advertisements
This entry was posted in Money, Politics and Society and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s