[VIDEO] The Hammer: End of Emergency Benefits = Sharp Drop in Unemployment: ‘Conservatives Won the Debate’Posted: July 4, 2014
“These six months coincide with a decrease in the medium length of unemployment from 17 weeks to 13 weeks — the largest six-month decline in the length of unemployment ever measured…”
While liberals hail new job numbers as a vindication of President Obama’s economic policies, it is conservatives who should feel vindicated, said Charles Krauthammer…
Which means the real problem of long-term unemployment was a function of this anomaly of emergency-extended unemployment, which should never have happened…”
Citing a recent National Review Online post on The Corner by economist Robert Stein, Krauthammer noted that the sharp drop in unemployment has coincided with the end of emergency unemployment benefits.
“The debate on that extension is over, and the conservatives were right.”
Obama and the Democrats, who insisted that the benefits be extended, wrongly predicted that their expiration would come as a calamity to the poor. Instead, their end has demonstrably had “precisely the opposite effect.”(read more) National Review Online