Nancy Pelosi Claims Unemployment Insurance Creates Jobs. Is She Right?

Rep. Nancy Pelosi (D-CA) 14% said in a news conference Thursday that unemployment insurance (UI) stimulates the economy and creates jobs.  For several weeks, many Democrats and some Republicans from states with high unemployment, such as Sen. Jack Reed (D-RI) 9% and Sen. Dean Heller (R-NV) 55%, have been advocating for an unemployment benefits extension.

Pelosi lauded the Senate for recently passing an unemployment benefits extension and called for the same course of action in the House.

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Extended Unemployment Benefits, A Band-Aid for Mr. Obama’s Jobs Failure

“Republicans should join Democrats to pass one of these two measures to help those struggling to make ends meet,” said Sen. Harry Reid (D-NV) 13%Friday, in reference to two upcoming cloture votes on a bill extending emergency unemployment benefits.

Ostensibly all members of Congress want to help Americans “make ends meet” and more than that, to prosper.  Sadly, liberal policies have failed to facilitate job creation.  Look no further for proof of this than last month’s abysmal jobs report showing more and more Americans are giving up the job search altogether.  In December, a mere 74,000 jobs were added to the economy.

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