Stimulating Unemployment

The Cato Institute’s Alan Reynolds explains why the unemployment rate continues to climb, despite the “stimulus” that President Obama signed into law at the start of his presidency.

The short answer: when you pay people to not work, they tend not to look for work.

Also of note from the article: if you believe the Obama administration’s claim that 640,329 jobs have been saved, that comes to a taxpayer cost of $531,250 per job. A hell of an investment, don’t you think??


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