Monday, May 25, 2020

When helping hurts—The Ross Rant, May 23

. . . A new study shows 68% of laid off workers now earn more, 134% of regular wages,  not working than on the job. 20% make twice as much and the bottom 10% three times as much. The Dems, of course, are demanding that the $600 and unemployment pay be extended through year end.  The study showed the average worker is no making 42% more sitting home than working. Reality of business never interferes with their ideology, and political pitch to lure workers to think the Dems will pay them more to not work while the greedy Republicans deny it to them. Welcome to the Dem policies of socialism. This is called buying the election. McConnell is correct that there should be no more money for states and cities beyond the $150 billion they were already given unless it can only be spent on virus needs.  The rhetoric about having to lay off cops and firemen is already all over the press and it is the standard political rhetoric from Dem mayors to avoid having to deal with the real issues of pensions and over spending. Hopefully the Republicans will hold firm on this. It is the last chance to fix the fiscal mess in big cities and blue states. This is a big issue for November. If you wondered what happened to the extra unemployment dollars plus the $1200 subsidy, retailers report it went to buy big screen TVs, apparel, and other non-essential goods since mid-April. So if you listened to the media there are only stories of food banks and people who can’t make it. That is just media propaganda. Reality is, most unemployed are better off now than if they were working, and getting them back to work and off the free ride is the real issue. “

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