Judd Gregg on CNBC:
Q: Senator Gregg, is there a point, you think, when the government has to sort of end these ever-continuing claims?
Gregg: Yeah, right now. This week, however, we’re going to extend it again. And this has become counterproductive. We’re basically undermining the cyclical event. Because you’re out of the recession, you’re starting to see growth and you’re clearly going to dampen the capacity of that growth if you basically keep an economy that encourages people to, rather than go out and look for work, to stay on unemployment. Yes, it’s important to do that up to a certain level, but at some point you’ve got to acknowledge that we’re not Europe.
We’re enabling all those lazy people who don’t want to bother to find jobs. Right. There are no words.
There was disagreement, of sort:
…Mark Zandi, chief economist of Moody’s Economy.com, was fortunately on with Gregg, and rebuked the senator. “The senator is right except that, in this environment, the job market is so bad, I think it’s still premature to give up on those emergency benefits,” Zandi said. “I mean, just a statistic, for every one job opening there’s five people that are looking for work. That is incredibly unusual, so therefore its premature to give up on those emergency benefits.”
Gregg wants to let the so-called “business cycle” work its way around. As long as he and his buddies are insulted from its effects. I truly hate these people.