global basis. if there s a big blow-up in the muddle east, gasoline prices in the united states will rise. oil prices in the united states will rise. and everything that oil goes into, say food, that will rise as well in price. but secondly, jenna, a lot of our allies, remember, are not going to become energy independent. countries like e judgment and jordan are oil importers, and they subsidize energy for their citizens which causes major strains on their budget. if prices go even high her, that means those allies who we depend upon, you know, for acting with us on our national security concerns are going to be under tremendous strain, and that means more foreign aid, more sort of direct involvement in fm the united states. jenna: so it s a little bit of a double-edged sword. our viewers might be wondering what s going on with keystone, that is with the state department and president right now and waiting to see what will happen next. we look forward to having you both back. thanks, y
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
should prior advertise the social safety nets that are all between say half a million working and middle class michigan ganlders and abject poverty. let s just get cold hearted about it and talk instead about what unemployment benefits mean to the economy, what they mean not just to the person receiving them, but to everybody else making this slow recovery from the great recession. here is the cold hearted thing about people that don t have jobs. people that don t have jobs tend also to not have a lot of money, but they do still have to survive. so when they get money in the form of, say, unemployment benefits, they tend to spend that money right away. 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.