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Policies, they found that for every dollar you spend on extending unemployment benefits, we get back $1.61 in economic growth. so now slashing unemployment benefit what s going to happen to economic growth in florida? maybe we should consult the economics department from one of florida s fine public universities. you must be careful where you tread there? apparently conservative billionaire charles coke brother of the guy seen shaking hands with john boehner in the previous slide, he has purchased a faculty hiring rights at florida state university s economics department. no, really. quoting now from the paper, a conservative billionaire who opposes government meddling in business has bought a rare commodity, the right to interfere in faculty hiring at a publicly funded university. the report says in exchange for a $1.5 billion donation quote, an advisory committee decides which candidates should be considered for teaching ....
Crude prices for may delivery jumped $2.45. to settle at $106.72. prices at the pump added another penny to settle at a national average of $3.61 a gallon. stocks were mixed. the dow lost 31. the s&p 500 dropped 2.5. nasdaq was up 4. the number of people seeking unemployment benefit dropped by 6,000. the second decline in three weeks. the average rate on a 30-year fixed mortgage rose slightly this week but remained below 5%. the first debate of the 2012 campaign is now just five weeks out. may 5 in south carolina. you will be able to watch it here on fox news. as the campaign heats up, the rnc is working on a plan to limit the number of debates. when it comes to the primary, there is fierce interstate bickering. florida doesn t respect the ....
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 ....