Saturday, April 21, 2012

Duh! Unemployment Benefits increase Unemployment

I'm shocked, shocked to find normal human beings living in this country.

Jack Kemp liked to remind people of that simple truth -- if you tax something you get less of it and if you subsidize it you get more of it.  I think there is something in the liberal brain that blocks that message and makes it impossible to learn.

Yesterday I was watching CNBC's morning segment.  The guest host was Jim Rohr, the head of a large bank (PNC) and a member of the board of directors of several large companies.  The regular CNBC talking heads were asking him the typical questions about how the economy looked from his vantage point and what it would take to turn things around, etc.

Rohr mentioned that lengthening the period of unemployment benefits had naturally made unemployment worse.  The liberals at CNBC seemed shocked and asked about that.  Rohr seemed a bit surprised that they didn't understand it.  He said that they have lots of applicants for jobs who want to start work months in the future after the time their benefits run out.

They asked Rohr if he hired these people.  Uh, no. 

Who'd a thunk it.

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