For instance, here are Pelosi's thoughts on what has the most stimulative effect on an economy:
Food stamps and unemployment insurance will provide more economic stimulus than tax cuts, House Speaker Nancy Pelosi said Tuesday during a telephone press conference.
“(F)ood stamps and unemployment insurance, which affect the people in the states, are necessary at this time when funds are short and the economy is down, (and) actually have the most stimulative effect on the economy,” Pelosi said. “Food stamps first, unemployment insurance next, infrastructure after that, and it goes on from there.”
“Actually, those investments bring a bigger return than the tax cuts,” she said, adding: “but tax cuts where we have them – to the middle class – we think will give us our biggest return.”
Meet the captain of the ship of fools.
The best way to battle unemployment is to provide jobs, not subsidize it. And the engine of job creation? Well naturally that engine would benefit immensely from tax cuts and certainly have an incentive, then, to create jobs.
But Pelosi would much rather spend first. And specifically spend on government programs which subsidize unemployment and poverty.
I guess you could call it the Democratic version of "trickle down" economics.