There's a bunch of advantages to high unemployment. It reduces inflation. You get to champion a bill to introduce a new stimulus package (whether or not it gets accepted, you look good). A rate cut means stock boosts which politicians/the rich and corporations like. It makes it easier for employers to hire (bigger pool to choose from), wages lower, and it tamps down on those pesky "union agitators" as everyone is fearing for their livelihood more. All the downsides are long-term and affect individuals more than corporations or politicians.