Obama's Latest Stimulus: Handing Out Jobless Benefits To Striking Workers

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Thu, 08/25/2011 - 11:37 | 1599781 TheTmfreak
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I should be suprised but I'm not. Obama is buying votes again.

Thu, 08/25/2011 - 11:48 | 1599842 fonestar
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National blow out sale on everything your grandparents built!  Watch for falling prices!!  Why pay more??

Thu, 08/25/2011 - 12:07 | 1599910 spiral_eyes
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jobless benefits for striking workers is not enough! what we need is at least five more carriers, two new middle eastern war and a war in the pacific! THAT IS REAL STIMULUS!



Thu, 08/25/2011 - 12:16 | 1599957 MillionDollarBonus_
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Unfortunately this simply isn't enough. Dr Paul Krugman has calculated that we need at least another $ 2 trillion in fiscal stimulus. One of the major barriors to econhomic growth is that most prices are still somewhat determined by market forces. This has proven nothing short of disastrous with asset prices falling dues to lack of consumer spending and credit expansion.Ultimately, I believe it may be necessary to set up a central body to set ALL prices, not just interest rates. This will include setting prices of consumer goods like ice-cream, to setting the prices of captital goods and even financial derivatives.

Thu, 08/25/2011 - 12:23 | 1600000 Ausperity
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You are the best troll on this site!  Why aren't you employed at a think tank?

Thu, 08/25/2011 - 12:30 | 1600047 TheTmfreak
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So the problem with Krugman's argument is simply... reality and how the world ACTUALLY works? Who knew.

Thu, 08/25/2011 - 12:48 | 1600136 MillionDollarBonus_
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Thu, 08/25/2011 - 12:46 | 1600138 MillionDollarBonus_
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Thu, 08/25/2011 - 12:48 | 1600139 MillionDollarBonus_
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Thu, 08/25/2011 - 12:47 | 1600140 MillionDollarBonus_
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Thu, 08/25/2011 - 12:45 | 1600141 MillionDollarBonus_
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The problem is that market prices are set by the subjective preferences of crazies and doomers. These preferences are simply WRONG. Only professionals should be setting prices, not novices. 

Thu, 08/25/2011 - 16:26 | 1601433 RockyRacoon
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Is this The Twilight Zone, Disneyland, or am I actually at ZH?   Somebody really believes that Central Planning works?

Is it crazy in here or is it just me?

Thu, 08/25/2011 - 18:02 | 1601829 Calmyourself
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That has got to be sarc..  Or perhaps he has not heard of the USSR..

Thu, 08/25/2011 - 18:13 | 1601860 nmewn
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"Only professionals should be setting prices, not novices."


Leo's got a brand new ID...LOL!!!

Thu, 08/25/2011 - 12:45 | 1600142 Zymurguy
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Shirley you can't be serious?

Thu, 08/25/2011 - 12:03 | 1599899 Rodent Freikorps
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Gotta keep the brown shirts loyal.

Kristallnacht is coming. Tea Party and Main St. hardest hit.

Thu, 08/25/2011 - 12:19 | 1599969 midtowng
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One thing missing out of this article is: did anyone get approved for unemployment benefits?

Sure, there is no law against someone applying for UI, even if they are working. But without getting approved then all this "Obama stimilus" and "Obama buying votes" means nothing.

Thu, 08/25/2011 - 12:34 | 1600071 faustian bargain
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Yes, but who would even think of applying for UE bennies while on strike? With half of the strikers applying, it sure seems like someone might have put the word out there that they could be approved.

Or, maybe they're just idiots who don't understand that being on strike doesn't mean they're unemployed.

Thu, 08/25/2011 - 12:57 | 1600223 karzai_luver
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Thu, 08/25/2011 - 12:58 | 1600235 Bob Sacamano
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Union folks have very narrow, highly defined job descriptions (they actually get in trouble for "doing someone else's job" (like moving a box or something)).  So it is a bit much for them to mentally process why they should not grab money from taxpayers despite having a job.  They just know they are entitled and are a victim.  And they love BHO and he loves them. 

Thu, 08/25/2011 - 13:45 | 1600536 Whats that smell
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We need all the profits to go to the top, right Bob? After all CEO's have a rough job keeping the phone cables up. If you have not walked in the shoes STFU

Thu, 08/25/2011 - 18:19 | 1601884 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

"... why they should not grab money from taxpayers .."


Dude, would you like to apply that statement to any other group(s) of people? Or is Johnny lunchbox the only thing wrong with America?

Thu, 08/25/2011 - 13:00 | 1600249 piceridu
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President Obama has just confirmed that the DC earthquake occurred on a rare and obscure fault-line, apparently known as "Bush's Fault". Obama also announced that the Secret Service and Maxine Waters continues an investigation of the quake's suspicious ties to the Tea Party. Conservatives however have proven that it was caused by the founding fathers rolling over in their graves.

Thu, 08/25/2011 - 13:19 | 1600375 FeralSerf
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But it is Obama's Fault that Bush and Co. haven't been prosecuted for treason and murder.

Sat, 09/03/2011 - 00:26 | 1628935 sun tzu
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Who will prosecute Obama and Co for treason and murder?

Thu, 08/25/2011 - 13:52 | 1600541 ThirdCoastSurfer
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Filing a claim every week, whether you're working or not, may be a good way to register dissatisfaction.  Think of it as being able to cast a vote every week whether you have a criminal record, are unregistered or even illegal. 

Thu, 08/25/2011 - 11:37 | 1599783 ArgentDawn
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That's it, I'm going on strike!

Thu, 08/25/2011 - 12:02 | 1599894 BlackholeDivestment
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...if you have not stopped working your labor has been used to support this failed system, which is devouring the principle of your labor every day. Laboring what is left of the harvest is better than gold, the return will be coming back as The Army your dusty arse better be in. http://bible.cc/luke/21-36.htm


Thu, 08/25/2011 - 12:08 | 1599913 Rodent Freikorps
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It is difficult, even for ZH'ers to internalize that the Political Class knows the end has come, and is only maintaining the illusion to prolong the corpse so they can maximize the looting.

They know the US is doomed. They aren't trying to save anything, but themselves.

Thu, 08/25/2011 - 12:37 | 1600087 GFKjunior
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Going Galt!

Thu, 08/25/2011 - 11:38 | 1599787 WonderDawg
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This country is going down faster than the ugly girl on the high school cheerleading team.

Thu, 08/25/2011 - 11:41 | 1599806 fonestar
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That was funny!

Thu, 08/25/2011 - 11:39 | 1599795 BlackholeDivestment
Thu, 08/25/2011 - 11:40 | 1599796 DefiantSurf
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This is bullish right? Because unemployment and foodstamps boost the economy $1.84 for every $1 in benefits right?



Thu, 08/25/2011 - 23:31 | 1602836 StychoKiller
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Stay away from Nancy, she be in la-la land!

Thu, 08/25/2011 - 11:40 | 1599797 oklaboy
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can somebody say impeachment?

Thu, 08/25/2011 - 11:44 | 1599827 fonestar
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.....no sorry, I tried.

Thu, 08/25/2011 - 12:00 | 1599889 serndipity
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Three words that guarantee Obama won't be impeached.


President Joe Biden

Thu, 08/25/2011 - 11:40 | 1599799 youngman
youngman's picture

not only this which blows my mind......but Michigan cut 35,000 COLLEGE STUDENTS off of its Foodstamp rolls..or so they said...but since when do college stundents get food stamps.....we have so many people on the government teet....it will never end until it does....and it will be hard..very hard...these babies will not live very long without their tweeting or iphones...

Thu, 08/25/2011 - 11:49 | 1599841 baby_BLYTHE
baby_BLYTHE's picture

exactly. Without Foodstamps you would see breadlines stretched around every major street corner in this nation which would make the Great Depression look like a mild-Recession.

And people still call this a recovery!

Thu, 08/25/2011 - 11:53 | 1599858 centerline
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Digital soup lines.  Sign of the times.

Thu, 08/25/2011 - 11:59 | 1599881 fonestar
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Maybe make an app for which soup kitchen has the shortest line-up in town?

Thu, 08/25/2011 - 14:22 | 1600799 Whats that smell
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You would also see them in your pantry, garage and bedroom.

Thu, 08/25/2011 - 11:59 | 1599882 pods
pods's picture

When the entitlements stop, you will see just how entitled people have become, and it will not be pretty.


Thu, 08/25/2011 - 12:18 | 1599963 Ausperity
Ausperity's picture

What timeframe do you put on this outcome? just curious...  I agree, but this extend and pretend seems like it could go on for years...

Thu, 08/25/2011 - 16:38 | 1601499 pods
pods's picture

A guy predicted a couple of years ago that the dollar crisis will start in 2012.  He saw debt run ups (check), election swing to austerity promising Reps and then a deflationary spiral followed by raw printing.  So, somewhere around 2013 seems to be about right.  He made that prediction in 2008 when I was calling for the sky to fall.  

I used to think it would collapse due to X,Y,Z but in reality it can go on for a lot longer than most can think.  People, by and large, like the status quo.  Real change sucks.  And collapse really sucks.

I would say that since we have had the austerity push already that we might have to look at mid 2012 for things to get dicey.  Europe is coming unglued, so that might buy us some time here as the fastest horse in the glue factory, but things have become shakey worldwide and the status quo is slipping.  So I would say withing a couple of years at most.



Thu, 08/25/2011 - 12:03 | 1599898 laomei
laomei's picture

um, this really has to do with the letter of the law in the state in question.  however seeing as tuition keeps getting hiked, funding is slashed and there are no jobs... yep, no food stamps means not being able to survive through college in some places.  the political response of course was unfounded in reality "they should get a part time job, i did, why cant they?"... um, because there are no fucking jobs anywhere due to your selfish generation fucking over the entire economy?

Thu, 08/25/2011 - 12:27 | 1600022 Argonaught
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This is a shining example of the entitlement generation.  Used to be, lo these many years ago, that we didn't get to go off for 4 years of fun and drugs, er, higher education if we couldn't afford it.  WTF are you doing at college if you can't afford to eat?

Thu, 08/25/2011 - 12:47 | 1600162 Sig Sauer
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i just got my oldest's first college tuition bill...have you SEEN the cost of the food plans?

Thu, 08/25/2011 - 16:34 | 1600643 baby_BLYTHE
baby_BLYTHE's picture

yeah, it is nuts. Plus it seems the food gets shitter every progressing year

I refused a meal plan this year because I am able to cook for myself at my apt. But the Freshman and others that live in dorms buy into these plans naively thinking, and some times not even knowing, they have several options to cut costs and save a substantial amount. At the end of every week the average person always winds up with several extra meals they never ate. Waste

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