KHarvey16 said:
And you still cannot substantiate any of it. You just know it's true because it must be. That chart isn't helpful, nor is bringing up the total size of the US economy.
Showing the typical spending habits of an American and then showing you the paltry amount someone collecting
extended unemployment actually represents on our entire economy is not helpful?
Isn't that what we are talking about? The actual REAL LIFE effects someone collecting benefits might have on demand? That's what I did .. I showed you what the typical American might spend in a given year and what a paltry amount it represents to our economy. How is that not helpful for you to attempt to understand? Unless you really don't care to understand and just want to argue.
I'm the only one here talking in real-world terms. You have only deflected by producing hypotheticals and "I don't know's".
Yes, spending drives demand. More money to spend = more demand. Unemployment compensation is more money than they would have otherwise. How much demand is it driving? I don't know, but you and that author are claiming it is negligible. You have yet to justify this with anything substantive. All you're presenting is an argument from incredulity.
Yes, but that's my point. This money is not big enough to significantly effect demand.
We already know the effects of unemployment compensation in our economy, because we know
what the spending power of people making 20k a year represents to our economy. So, this amount (of recipients) is even a small fraction of that small number.
I already iterated to you that the
GWB stimulus checks had very little effect on improving employment or stimulating demand earlier in the decade. That was a MASSIVE influx of small amounts of money to every consumer in the economy. Much moreso than the amount of money that is provided through parts of the Obama plan.
So my argument is only incredulous because you continually sidestep the points I make and circle back to things I have already addressed. I haven't even touched on the fact that our economy is completely interwoven with the global economy, so simply giving someone 100 dollars and
expecting all that money to drive up demand with American companies is flimsy at best.