Kevin Hassett Quotes
What we should do, if you want to give more money to the people who are currently unemployed, just give them the money. Give them a lump sum of cash. Don't make them stay unemployed for another three months in order to get the checks.
Hassett, Kevin A. "Give the Unemployed a Lump Sum." Bloomberg, 15 Mar. 2010.
He wanted to condition long term unemployment insurance payments on the recipient taking training courses or other means of improving his/her skills and becoming more employable. He was opposed on the left by those who observed that this was insurance; the working nothing from the government; the worker had paid for it when he/she was working. It was his and was not conditioned on government requirement. The right wing opposed the idea as they had always wanted the out of work people to have little or no other opportunity than to take the worst and lowest paying jobs in the society. They also pointed out that if training was to be provided, it would cost more and not less. But Gingrich and his supporters on this idea observed that there were many jobs available even with the high unemployment rate; the unemployed workers just did not have the skills to do these jobs. Train them and unemployment would go down. The investment in unemployment insurance and training would pay off many times over.
This statement was a total reverse of his predecessor’s policy. Hoover stubbornly refused to consider any direct relief for workers on the philosophical ground that it would weaken their character, make them dependent, and provide benefits for the people who were not working so the motivation to work would be lessened. When FDR pronounced this on the radio, it dramatically reversed U. S. policy and gave many people hope that the government might do something about the depression rather than just wait out the business cycle.
The reference was to the fact that some of the information and call center jobs for state unemployment administration had been exported overseas.
Although this was one of his comic routines, he claimed it was true.
Kevin Allen Hassett is an American economist who is a former Senior Advisor and Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019. He has written several books and coauthored Dow 36,000, published in 1999, which argued that the stock market was about to have a massive swing upward. Shortly thereafter, the dot-com bubble burst, causing a massive decline in stock market prices.