moody s looked at the effectiveness of different economic policies in terms of likely impact they would have on the economy as a whole. they found that for every dollar spent on extending unemployment benefits, we get $1.61 back in economic growth. so michigan republicans idea of dealing with high unemployment in the state by making life harder for the unemployed isn t just mean, it s bad for michigan s economy. instead of taking lemons, making lemonade, they are taking them and started to squeeze them into eyeballs an open cuts. confronted with a lot of people in the state already hurting, governor snyder and michigan republicans are making the whole state pay for the privilege of hurting those people just a little bit more. joining us now, dean baker, economist, codirector of the center for economic and policy research. thanks very much for joining us. has r vi mon what will be the likely economic impact in michigan of cutting way back on unemployment checks like this?
when they get a dollar, they do not file it away for a rainy day, it is raining already for them. if they get a dollar, they spend it on something they really need to spend it on, say food. really efficiently. money spent on unemployment gets pumped back into the economy because of the nature of what it means to be unemployed. moody s looked at the effectiveness of different economic policies in terms of likely impact they would have on the economy as a whole. they found that for every dollar spent on extending unemployment benefits, we get $1.61 back in economic growth. so michigan republicans idea of dealing with high unemployment in the state by making life harder for the unemployed isn t just mean, it s bad for michigan s economy. instead of taking lemons, making lemonade, they are taking them and started to squeeze them into eyeballs an open cuts. confronted with a lot of people in the state already hurting, governor snyder and michigan republicans are making the whole state pay
them. if they get a dollar, they spend it on something they really need to spend it on, say food. really efficiently. money spent on unemployment gets pumped back into the economy because of the nature of what it means to be unemployed. moody s looked at the effectiveness of different economic policies in terms of likely impact they would have on the economy as a whole. they found that for every dollar spent on extending unemployment benefits, we get $1.61 back in economic growth. so michigan republicans idea of dealing with high unemployment in the state by making life harder for the unemployed isn t just mean, it s bad for michigan s economy. instead of taking lemons, making lemonade, they are taking them and started to squeeze them into eyeballs an open cuts. confronted with a lot of people in the state already hurting, governor snyder and michigan republicans are making the whole state pay for the privilege of hurting those people just a little bit more. joining us now, dean baker
emily. manisha, egypt is still focused for the european markets, although, investors are getting back to fundamentals. here s where europe s markets stand at the moment. the ftse has the first rise in four trading days. it s up 0.76%. paris cac is up as well as zur rush and xetra. data such as manufacturing pmi, figures from germany and the uk are encouraging as the fall in germany s unemployment rate. manisha. well, on the currency market, the dollar s been losing some ground in european trade. right now one dollar will cost you $1.38. it s also down a shade at $1.61. so coming off its gains from
on the land and in the air. 800 military personnel engaged in another show of force. the south korean army calls its largest winter air and land trip. holiday drivers paying more than $3 a gallon to gas up today. prices are 16% higher than last christmas. it was two years ago this month that gas prices bottomed out at an average $1.61 a gallon. finally storms that pounded southern california for days. they have left a real mess, a huge mess behind. flooding and mud slides have damaged homes and businesses across the region this scene east of los angeles and right now emergency declarations cover that county and five others. rivers of med. first of all, good morning to