Not extending jobless aid may cost 600,000 jobs: White House

WASHINGTON (Reuters) – The White House on Thursday urged Congress to extend jobless aid for unemployed Americans and warned that failure to act could inflict a heavy toll on the U.S. economy.

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4 Responses to "Not extending jobless aid may cost 600,000 jobs: White House"

  1. Carl Nemo  December 2, 2010 at 9:21 pm

    Our Congressional leadership as well as the White House surely didn’t give a damn about the rabid off-shoring of millions of American jobs during the past 30 years along with the issuance of H1-b visas to foreign nationals so they can take jobs away from displaced workers and emerging graduates from our trade schools and universities.

    Now they’re getting bit in the butt bigtime as a function of these huge unemployment extension outlays which constitutes welfare for the hardcore unemployed. Since no large number of jobs are coming back anytime soon, this extension debacle is going to become a long term issue. No good is to come from this burgeoning unemployment situation that’s now like a national festering wound.

    Besides our current paper money is in essence worthless anyway with “Helicopter Ben” at the Fed along with a complicit U.S. Treasury running the printing presses 24/7/365 hoping to reinflate our nation to ‘recovery’. There’s no shortage of paper to hand out and as long as the grocer and mechanic accepts the stuff as having value then the government might as well give it away, hopefully maintaining peace on the homefront; I.E., life in “The Matrix”. / : |

    Carl Nemo **==

  2. griff  December 2, 2010 at 11:35 pm

    So the White House Council of Economic Advisers says that not extending unemployment benefits will cost us 600,000 jobs? That some how the measley $1200 per month in aid will lift us out of this recovery and either create or mitigate the loss of these 600,000 phantom jobs? Ha.

    Chances are these families won’t be out buying big ticket items with this financial windfall any way. And even if they do have a little extra cash to spend, chances are the products they buy would be produced any where but here.

    Just about the only thing Made in America any more is misery, which also seems to be our only major export. What a f**king joke. The Welfare-Warfare State at its finest. Pardon me, I’ve gotta go puke.

  3. woody188  December 3, 2010 at 12:53 am

    2 million 99’ers are about to lose their safety net. 99 weeks is a long time to be on unemployment. Has the safety net become too comfy?

    I mean, if you haven’t retrained or found employment in nearly 2 years, will you ever?

    Don’t get me wrong, I don’t blame these folks. Many were laid off and in their 40’s and 50’s, their age making them highly undesirable as employees. Yeah, we aren’t supposed to discriminate on age, but it happens.

    Really we need to blame the criminal bankers that pushed offshoring and bubble markets then ran with their hands out to our criminal congress that held personal investments in these same banker assets and saved their own butts.

    If this was the Titanic, it would be the equivalent of bridge crew cutting loose all the life rafts but save one for themselves and leaving all the passengers to drown.

  4. Carl Nemo  December 3, 2010 at 1:44 am

    “If this was the Titanic, it would be the equivalent of bridge crew cutting loose all the life rafts but save one for themselves and leaving all the passengers to drown.” …extract from post

    Seemingly that’s the kind of ‘sick puppies’ we have in Congress, SCOTUS, and the Executive branch. They have “bunker passes”.

    I say that it’s best to keep ‘feeding’ the unemployed with ‘help’ until the last proton dies. It would be nice to come back in about a hundred years and see how this sorry mess has sorted out…no? Will it be utopia or will it be a “Mad Max Beyond Thunderdome” type of lifestyle?

    Carl Nemo **==

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