It takes a rare type of individual to go on a national news program and spout off something as incredibly moronic as ‘paying people not to work, saves jobs’.
But Hilda Solis is just that individual.
Secretary of Labor Hilda Solis made her ubiquitous post-NFP appearance on CNBC this morning and spouted the usual propaganda. However, while discussing how wonderful the ATRA was, the seemingly slap-happy Solis noted how great the fact that emergency unemployment benefits were extended for millions of people was – and that thanks to that (and the magic of the Keynesian multiplier), millions of jobs were saved. So, to sum up, paying people not to work, saved millions and millions of jobs? Indeed America, indeed.
Must Watch from 3:00 onwards, she stumbles and shakes her head when pushed on the question of how many jobs we lost due to fiscal cliff uncertainty (no idea – none she believes) and then the money-shot on the unemployed and saving millions of small business jobs…
Here is a partial transcript (video below):
Solis: “All I can tell you is that we helped to provide, I think, some stop gaps. And what I think about is those two million people that would have lost their unemployment insurance because think about it, all that money that goes out in terms of what’s being spent by that unemployment check helps to generate two additional dollars back in the community, so small businesses, everyone continues to keep their jobs. So, I can’t give you an exact figure. But I’ll tell you that, just by the movement that the President made, we saved millions and millions of jobs.“