Posted on December 2, 2010

Nancy Pelosi: Unemployment Benefits "Creates Jobs"

"Unemployment insurance, the economists tell us, return $2 for every $1 that is put out there for unemployment insurance," Speaker Nancy Pelosi said on the House floor.



"It injects demand into the economy, it creates jobs to help reduce the deficit," Pelosi said.



Pelosi says "history shows" tax cuts do not create jobs. "It does not create jobs. I mention this because this is the context in which we bring up this tax cut for middle-income families in America today," she said.