13 Months of Unemployment Benefits....?

[SnoopDog]

This seemingly implies that the White House expects unemployment to continue
for a long long time.

But this is to be expected actually....

We offshore/outsource our manufacturing.
We offshore/outsource our technical jobs.
We have kicked people out of their homes.
We have bankrupted our States.
The high gas prices drained more dollars from the middle class.
Stagnate decades-old wages removed income from the middle class.
Tax cuts for the rich furthered the suffocation of wealth from the middle class.
And on and on...

One can only conclude there really is no plan, or better stated, no plan they will implement
to put Americans back to work...

Because, they intend and are, raping all of America. The wealthy completely owns America including
our puppet government

See you at the barricades...

[Ozymanithrax]

1. The whitehouse has said they expect unemployment to stay high for...

three or four years.
http://articles.latimes.com/2010/nov/24/business/la-fi-growth-fed-20101124

[leftstreet]

4. That's not much of a campaign slogan n/t

[Ozymanithrax]

5. No, but it is a realisitic assessment. n/t

[SnoopDog]

9. Well, my point is...

That, unless we change our trade policies and restore tariffs and start making stuff again,
just what the hell are Americans going to do for employment??????????

[Ozymanithrax]

10. I agree with you, but none of that stuff is going to happen.

As members of the World Trade Organization we are chained to free trade.

As consumers addicted to the cheapest price for the neatest toys, we are chained to foreign manufacture.

[SnoopDog]

11. No, actually we are not...

You bring jobs back to America, pay them a living wage, and prices for goods (or from China 'bads') and services are equalized.

[Ozymanithrax]

14. Companies are also addicted to higher profits.

You can not pay American wage scales and get goods at the current price. It just doesn't work.

Americans will have to be willing to pay more or buy a little less, and corporations will have to consign themselves to lower profits.

I don't think that will happen.

[niceypoo]

2. Two extra years of economic collapse

[Statistical]

3. This has been well understood among those who pay attention.

Federal Reserve optimistic projection is that unemployment (U-3) will be ABOVE 9% in Jan 2012. It will be ABOVE 8% in Jan 2013. After that it decreases by roughly 0.7% annually. It will still be above 6% in 2018.

Note that is the "good" projection.

[dixiegrrrrl]

18. unemployment rate will go down after they stop counting the 6 million who

have no jobs and no benefits and fell off the grid.
THAT's how they plan for the rates to go down.

[Statistical]

19. common misnomer but getting or not getting benefits has nothing to do with U-3.

one can be collecting benefits and not be considered unemployed (U-3)
one can not be collecting benefits and be considered unemployed (U-3)

[WhaTHellsgoingonhere]

6. I'll tell you one battle Obama won

getting that 13th month!

Seriously, who knows what he gave up to get that 13th month, which is important in that the next time we go through this bullshit, it won't take place over the holidays.

[baldingrockwarlord2]

7. just to be clear

No one is getting unemployment past 99 weeks. This is no extension. It merely "extends" the current program that allows folks to claim for 99 weeks. It extends that program for 13 more months, but once you have claimed a total of 99 weeks, you're still done. He says he just saved 2 million people, but neglects to tell us that at least 4 million of us are screwed. Merry Christmas.

[Luciferous]

12. Great point. Nobody else seems to be bringing that up when they

talk about how Obama just saved unemployment benefits.

[leftstreet]

16. +1

[WhaTHellsgoingonhere]

17. Excellent! Thanks for posting that

[madrchsod]

22. i think a million plus lost their unemployment this week...

[Rex]

8. Yep, it has always been about helping mega-corporations and fucking

over the working class. There are millions of US, so we are always replaceable like a battery. There a very, VERY few of THEM, so they can never be replaced and fight dirty when changes comes. Sadly the status quo never changes. It will be interesting to see which party is in charge when it all comes a'tumblin down on OUR heads.

[dana_b]

13. well good - since I lost my job today!

I know, I know... it's nothing new around here. At least I'm in good company. :)

I just wish that they would have done something for those 99ers. How are those folks surviving?

[SnoopDog]

15. That's just it...

We can return to American employment if we make things again.

And, you have to know, real people, real humans, truly care that our fellow neighbors are unemployed.

We need to fight, on all fronts, for the restoration of America and take our country back from the oligarchy.

[housewolf]

20. Almost all economists predict that high unemployment will be with us for some years yet to come

not as high as it is now, but it will be a long, long time before we see anything like 5% again.

[glitch]

21. With the system as is, yes.

We don't have to settle for this system.