Economics 101

The story is told of three guys out fishing on a lake when all of sudden Jesus appeared, – first walking on the water and then joining them in the boat. After the three astonished men had finally settled down long enough to speak, the first fella humbly asked, “Lord, I’ve suffered from back pain ever since I took shrapnel in the war, could you help me?”  “Of course, my son,” Jesus said, and he touched the man’s back, giving him relief for the first time in years.  The second guy, who wore very thick glasses and had a hard time reading and driving, asked Jesus if he could do anything about his eyesight.  The Lord smiled, removed the fella’s glasses and tossed them in the lake. When they hit the water, his eyes instantly cleared, now seeing everything as clear as a bell.  When Jesus turned to the third fella, the guy put his hands up and cried out, “Lord, please don’t touch me, I’m on worker’s compensation!”  Something interesting is happening in America when it comes to jobs.  For years, unemployment has been stubbornly high, with little or no movement.  But suddenly, over the past six months, job growth has really exploded with over 1,000,000 (one million) people finding work and the unemployment rate down a full point (7.1 to 6.1).  But what’s been the catalyst?  As economists look back, they see only one change that was made – the refusal by Republicans to continue to fund long-term unemployment benefits beyond December 31, 2013.  Let me see, six months ago people were told no more pogey, and six months later everybody is all of a sudden finding work.  You don’t even need to be an economist to figure this one out.