Hope springs eternal at CNN, at least some of the time. Sure, the massively expensive Obama stimulus was a miserable flop. And extending unemployment benefits worked to extend periods of unemployment, as numerous studies have shown. Government jobs programs have failed for decades.
No matter. According to business correspondent Alison Kosik on CNN Newsroom today, a jump in jobless claims proves more government intervention is necessary:
ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Kate, we've got a lot of negative news all at once, that's weighing down the markets right now. You know what, pick your poison at this point, we got unemployment claims. They rose more than expected, much more than expected, double what was expected. That's after all the optimism that was created from the previous week's numbers. We're inching back towards the 400,000 mark we've so much been trying to get away from. It really just shows that people still need a lot of help from the government because people are still being laid off.
Yeah, baby, Stimulus II, that's what we need.