In his latest rant at the White House, Obama decided to promote the idea of extending unemployment insurance to get away from the massively unpopular Obamacare. In short, he is pulling a classical “Bait and Switch” on the American people hoping, against hope, nobody notices.    Although, I am only glancing through the remarks, I have noted the following Obama “inaccuracies” to put it mildly…

• First, the so-called 8 million new jobs created since the hitting the low have been part time and low-paying jobs.
• Next, the housing market is facing another bubble and getting ready for another collapse.
• Next, unless Obama means Wall Street, more Americans believe the economy is actually getting worse and not better.
• Next, despite what he said, healthcare costs are rising and Americans are getting price sticker shock from Obamacare.

So, let’s get into the meat, or the pink slime, that is the Obama argument for extending unemployment benefits.  He wants Congress to re-instate the extended unemployment benefits because, in his own words… “Voting for unemployment insurance helps people and creates jobs, and voting against it does not.”    If he means government jobs to oversee the unemployment insurance, that is correct.    If he means anything else, like in the points above, he is lying – which is nothing new.

There is an old saying, “Give a man a fish, and you feed him for a day; show him how to catch fish, and you feed him for a lifetime.”   By just extending unemployment insurance without end, all we are doing is just giving more ‘fish’ away and not achieving any long term goals of getting people out of the social welfare net..   It is time for those capable, to learn how to ‘fish’.

Perhaps, one possible solution to extended unemployment insurance, beyond the 26 weeks that states provide, could be a 1 year loan that has the same payback features as school loans.   Just something to think about.