There is actually a very simple answer for the change. While a month ago those who filed for unemployment insurance would only get 26 weeks of benefits, over the last few weeks people can get at least 95 weeks of benefits. The result is something that I predicted in a piece that I wrote for Fox News on July 20th.
When unemployment insurance extension ended, new filings fell from around 472,000 to 429,000. Now that they have been reinstated, new filings for the last two weeks have been 482,000 and 484,000.
You subsidize something and you get more of it. Unemployment insurance not only causes people to stay unemployed longer, but it also has an impact on people's decision to become unemployed in the first place. If Americans are unemployed solely because they were having trouble finding a job, the number of new people becoming unemployed and filing for benefits should be the same whether they are eligible for 26 weeks of benefits or at least 95 weeks, right? The impact of the number of new people who become unemployed because of large unemployment insurance has been completely ignored in the debate over the economy.
If you offered people $100,000 to become unemployed for six months, everyone would expect a lot of people to take up the offer and go on vacation for six months. The unemployment insurance benefits are no where as generous, but there are still a lot of people who are apparently willing to become unemployed to get them. In addition to the unprecedented long length of unemployment insurance benefits, the unemployed also get their health insurance subsidized and this week the Obama administration announced new plans to cover the unemployed's mortgage payments.
Of course, besides encouraging more people to be unemployed and be unemployed for longer, the mortgage payments subsidy also discourages people from making wise decisions on their house. For example, without the subsidy, if you can't afford your house, you can rent it out and get a smaller, cheaper apartment. But the mortgage subsidies prevent that because you only get the subsidy as long as you live in a house that you can't afford to live in.
Updated Media Analysis of Appalachian Law School Attack
Since the first news search was done additional news stories have been
added to Nexis:
There are thus now 218 unique stories, and a total of 294 stories counting
duplicates (the stories in yellow were duplicates): Excel file for
general overview and specific stories. Explicit mentions of defensive gun use
increase from 2 to 3 now.