Tag Archives: unemployment

Unemployment winding down

I’m sure this will help the economy:

Hundreds of thousands of out-of-work Americans are receiving their final unemployment checks sooner than they expected, even though Congress renewed extended benefits until the end of the year.

The checks are stopping for the people who have the most difficulty finding work: the long-term unemployed. More than five million people have been out of work for longer than half a year. Federal benefit extensions, which supplemented state funds for payments up to 99 weeks, were intended to tide over the unemployed until the job market improved.

Somehow I doubt that this whole reverse Robin Hood thing of taking from the jobless (parasites) and giving to “job creators” (producers) in the form of (more) tax cuts will work. I mean, the whole administration of George W. Bush was based on that, and where did it get us?  Of course, conservatives will argue that he wasn’t conservative enough.  

Which is why they’re about to nominate the “Massachusetts moderate”, who has tacked so far to the right, I’m not sure how he can come back.

It should also be obvious that taking spending power away from people, most of whom will not find work (the article points out, rightly, that there are 3 applicants for every job opening) will hurt the economybecause they will be buying less bread, milk, tv’s, etc.  The argument that lack of demand is driving this recession seems obvious, but is quite hard to make against misleading multi-million dollar ad buys like this one:

Best. Election. Yet.  But still horse crap in a plastic bag.