That’s because the unemployed will spend the money not save it, says a White House spokesperson in a dismal and unintentionally comical attempt to substitute PR fluff for real economic analysis.
So there you have it. The unemployed create jobs. If only we had millions more unemployed, we could create millions more jobs, simply by giving the unemployed more money.
While this might help slightly, the best way to create jobs – now pay attention all you Congresscritters and White House lackeys – is by creating jobs via public works programs, by having a government that isn’t utterly dysfunctional so business has some confidence, by focusing on Main Street instead of shoveling hundreds of billion to the Wall Street.
But instead we get self-serving drivel from the White House.