Shot and Chaser: Pelosi and Obama on Value of Extending Unemployment Benefits

Shot: July 1, 2010: Nancy Pelosi Unemployment Benefits “Biggest Stimulus”

Pelosi: “Let me say about unemployment insurance, we talk about it as a safety net and all that.  One of the biggest stimulus’ to our economy, economists will tell you, this money is spent quickly, it injects demand into the economy and is job creating.  It creates jobs faster than any other initiative you can name because again it is money that is needed for families to survive and it is spent so it has a double benefit.  It helps those who lost there jobs but it is also a job creator…”

Chaser: August 5, 2011: Barack Obama Unemployment Benefits “Create Jobs Right Now”

Obama: “So, when Congress gets back in September I want to move quickly on things that will help the economy create jobs right now. Extending the payroll tax credit to put a thousand dollars in the pocket of the average American worker. Extending unemployment insurance to help people get back on their feet. Putting construction workers back to work rebuilding America. Those are all steps we can take right now that will make a difference and there is no contradiction between us taking some steps to put people to work right now and getting our long-term fiscal house in order. In fact, the more we grow the easier it will be to ease our deficits.”

 

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