White House Senior Advisor: Unemployment Stimulates the Economy

Joe Schoffstall | February 22, 2012
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White House Senior Advisor Valerie Jarrett spoke at the Student Summit at North Carolina Central University and claimed unemployment stimulates the economy. 

Her reasoning behind this is people take their unemployment checks and "go out and spend it" which "help(s) stimulate the economy."

"Let's face it, even though we had a terrible economic crisis three years ago, throughout our country many people were suffering before the last three years, particularly in the black community", Jarrett says.

She continues, "And so we need to make sure that we continue to support that important safety net. It not only is good for the family, but it's good for the economy. People who receive that unemployment check go out and spend it and help stimulate the economy, so that's healthy as well."