Not over yet.
"Leading indicators rise a fifth month" by Bloomberg News | September 22, 2009
WASHINGTON - A recovery is underway.... the worst recession since the Great Depression has probably ended. But....
Finally adding jobs are we?
"House moves to extend benefits for unemployed" by Jim Abrams, Associated Press | September 22, 2009
WASHINGTON - Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries.
Then IT AIN'T NO RECOVERY no matter what the shill MSM says!!!
A bill offered by Representative Jim McDermott, a Washington Democrat, and expected to pass easily would provide 13 weeks of extended unemployment benefits for more than 300,000 jobless people who live in states with unemployment rates of at least 8.5 percent, including Massachusetts, and who are scheduled to run out of benefits by the end of September.
The 13-week extension would supplement the 26 weeks of benefits most states offer and the federally funded extensions of up to 53 weeks that Congress approved in legislation last year and in the stimulus bill enacted last February.
Why didn't they just tack on 12 more weeks and make unemployment comp a two-year run? And there is NO STIMULUS there, folks, sorry.
"That's not stimulus. Stimulus means starting a company that will CONTINUE to sell products and provide jobs after that stimulus money runs out. Like the road patching operations being funded with stimulus money, once the initial project is over, those people are out of work again, the stimulus money is gone, and there are no operating businesses making products for sale." -- Wake the Flock Up
Cutting an unemployment check isn't stimulating anything except debt payments.
People from North Carolina to California “have been calling my office to tell me they still cannot find work a year or more after becoming unemployed, and they need some additional help to keep their heads above water,’’ McDermott said.
Critics of unemployment insurance argue that it can be a disincentive to looking for work, and that extending benefits at a time the economy is showing signs of recovery could be counterproductive.
Doesn't seem to be much of a "disincentive" for banks, war-looters, corporate thieves, etc.
But this recession has been particularly pernicious to the job market, others say. Some 5 million people, about one-third of those on the unemployment list, have been without a job for six months or more, a record since data started being recorded in 1948, according to the research and advocacy group National Employment Law Project.
“It smashes any other figure we have ever seen. It is an unthinkable number,’’ said Andrew Stettner, NELP’s deputy director. He said there are about six jobless people for every job opening, so it’s unlikely people are purposefully living off unemployment insurance while waiting for something better to come along.
That is such a crock!
"For each opening, dozens of other people seemed willing to work for less money"
Also see: The Boston Sunday Globe Says Job Loss is a Good Thing
Sunday Globe Insults: An Economy of Hope
Sunday Insult Series: The AmeriKan Worker
Sunday Insult Series: Inside the American Mind
The current state unemployment check is about $300 a week, supplemented by $25 included in the stimulus act. That doesn’t go very far when a loaf of bread can cost $2.79 and a gallon of milk $2.72, Senate Finance Committee chairman Max Baucus, a Montana Democrat, said at a hearing last week on the unemployment insurance issue.
“We need to keep our unemployed neighbors from falling into poverty. We need to figure out how best to make our safety net work,’’ Baucus said.
No, we NEED JOBS!
So WHY DID YOU GUYS allow them to OFFSHORE and OUTSOURCE for the last 30 years, hanh?
--more--"
