Detailed text transcripts for TV channel - MSNBC - 20100716:04:52:00
It will impede some economic activity, it will be a disincentive. generally since we've stopped extensions in the past of unemployment benefits at much lower unemployment rates -- in the 1980less we stopped it at a rate of 7.2%. we're nowhere near where we were in the past, and i think talking about the unemployment benefits as a disincentive to look for a job is somewhat cynical given how many millions of people are looking for jobs, how few job openings there are, how long people have already struggled and how slow we are in actually creating new jobs and getting the unemployment rate down. ...
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