Nancy Pelosi said, “It is the biggest bang for the buck when you do food stamps and unemployment insurance.” And she actually sounded as if she believed it.
Media Matters, of course, got angry when Fox News dared to question the Speaker. They brought out the big guns, all of the “experts” who agreed with Pelosi – both of them.
Their first expert, CBO Director Douglas Elmendorf, said that “… transfers to persons (for example, unemployment insurance and nutrition assistance) would … have a significant impact on GDP.” He added, “Because a large amount of such spending can occur quickly.”
This is, of course, the same CBO that claimed ObamaCare would save us gazillions.
Expert #2, economist Mark Zandi, who advised John McCain’s 2008 presidential campaign, stated that, “Extending food stamps are [sic] the most effective ways to prime the economy’s pump.”
Strangely enough, until this quote surfaced, Media Matters had always considered anyone who worked on McCain’s presidential bid to be criminally insane.
Economic experts from the Obama administration could not be found for comment as most of them have already deserted the sinking ship which is this administration.
Media Matters, as usual, misses the mark by a mile. It’s not that anyone hates the unemployed, but rather the fact that America hates the fact that we have so damn many unemployed when we were promised that we would have a rate no higher than 8% if would just listen to and obey the Great and Powerful Wizard of the White House.
This may explain why people aren’t really listening to the White House anymore. And why they surely aren’t listening to Media Matters, either.
Source: MediaMatters.org
