Unemployment: A new study
finds that 60% of the jobs gained last year were due to the fact that
Republicans managed to block one of President Obama's key "middle class
economics" policies in Congress.
Let's dial the clock back to December 2013. At that point, 1.3 million faced an end to the federal unemployment benefits that Congress had extended repeatedly in the wake of the recession.
Obama predicted doom if this were to happen: "Economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year." Unemployment insurance, he said, is "one of the most effective ways there is to boost our economy."
Obama's Council of Economic Advisers projected 240,000 jobs would be lost in 2014 should Obama not get his way. His favorite economist, Paul Krugman, raged about how Republican opposition was evidence of "the GOP's desire to punish the unemployed."
Let's dial the clock back to December 2013. At that point, 1.3 million faced an end to the federal unemployment benefits that Congress had extended repeatedly in the wake of the recession.
Obama predicted doom if this were to happen: "Economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year." Unemployment insurance, he said, is "one of the most effective ways there is to boost our economy."
Obama's Council of Economic Advisers projected 240,000 jobs would be lost in 2014 should Obama not get his way. His favorite economist, Paul Krugman, raged about how Republican opposition was evidence of "the GOP's desire to punish the unemployed."
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