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Obama's Labor Secretary: 'We Saved Millions and Millions of Jobs'...by Extending Unemployment Benefits

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"Because think about it, all that money that goes out in terms of what is being spent by that unemployment check, helps to generate $2 back into the community."

Secretary of Labor Hilda L. Solis listens as a professor explains some of the processes taught at the Wacker Institute during a tour of the facility Wednesday Oct. 3, 2012 in Chattanooga. Secretary Solis made a visit to the Chattanooga State Community College's Wacker Institute on Wednesday afternoon. Solis was on hand for the announcement of a $3 million grant to create the Tennessee Valley Institute for Materials Joining and Training. Credit: AP

Appearing on CNBC on Friday, President Barack Obama's Labor Secretary Hilda Solis said "millions of jobs" were saved when Congress extended unemployment benefits in the "fiscal cliff" deal.

"What I think about is those two million people that would have lost their unemployment insurance. Because think about it, all that money that goes out in terms of what is being spent by that unemployment check, helps to generate $2 back into the community. So small businesses, everyone continues to keep their jobs," Solis said.

"Just by the movement that the president made, we saved millions and millions of jobs."

(H/T: Zero Hedge)

Featured image via AP

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