With any luck Carney and his boss will be in the unemployment line in January 2013.
(RCP) — “I understand why extending unemployment insurance provides relief to people who need it, but how does that create jobs,” Wall Street Journal’s Laura Meckler asked Jay Carney Wednesday’s WH briefing.
Carney sarcastically responded: “Oh, uh, it is by, uh, I would expect a reporter from the Wall Street Journal would know this as part of the entrance exam.”
“There are few other ways that can directly put money into the economy than applying unemployment insurance,” Carney said. . . .
Carney estimates that unemployment benefits could create up to one million jobs. However, then he goes back to the latest White House mantra of how a possible natural disaster could hurt US economy as well as the global economy.