The White House is proposing a one year extension of unemployment benefits. Apparently a raise of two tenths of a percent in the unemployment rate has made the issue extremely important once again. Of course if those who have run out of unemployment were reflected in that figure, the number would be closer to 15%. In fact, if all the unemployed who are desperately looking for a job were counted the number would be 20% or more.
This scenario just goes to emphasize the fact that the government uses the manipulation of the true numbers to justify their inaction. The details of the proposed one year extension are sketchy so it is hard to tell how we 99ers might be affected. What we can be sure of is that if there is any way our system can screw a poor person, it will.
I have to believe it is the noise the 99ers have been making that has brought the issue of unemployment extensions to front and center. Those who are running out of benefits right now have not yet reached the point of militancy. So every 99er had better be ready to unleash a firestorm if we are cut out of the one year extension.
If you have been watching Fox News you can’t have missed the blatant disdain in the voices of the million dollar commentators in having to talk about unemployment, rather than pushing for an extension of the Bush tax cuts for themselves and their billion dollar masters.
Vice President Biden was attacked on Fox News yesterday for saying that extensions of unemployment benefits are the best avenue for job creation available to our government at present. I do not like Vice President Biden and agree with him on very little, but according to the experts at the Non-Partisan Congressional Budget Office he is correct in this instance. Unemployment monies are basically spent immediately, as those that receive them are just barely getting by, thus those monies are immediately circulated all through the economy, which creates an increase in consumer spending.
One of the few things the Republicrats and the Demopublicans can agree on is that consumer spending fuels job growth. So Vice President Biden’s critics must be dismissed as they are obviously parroting the thoughts of the special interests who want to see all monies being spent by the government channeled to the pockets of the rich. I guess what it is coming down to is the fact that human beings cannot eat wars.
Those propagandists who are left to play second fiddle in reference to tax cut extensions for the top 2% have been reduced to degrading themselves to the lowest levels. To watch them whine for the tax cuts extension brings to mind the character Gollum, from the book, “The Lord of the Rings,” the tax cuts extension being “Their Precious.”
I whole heartedly support extending the Bush era tax cuts to those making $1 million or less per year and I think this is a generous stance. I’m sorry, but if you are making more than $1 million per year you are going to find very little compassion in the streets of America today. Of course being a realist I must state that if the tax cuts for the top 2% are allowed to expire, the revenues that will be generated will not be used to bring down the deficit, no more than revenues created by spending cuts will.
I was shocked the other day to find out that McDonalds received bailout monies. This has to be considered an outrage. Harley Davidson, who is at present building a new assembly plant in India, also received bailout monies. As long as we keep paying big business to screw the American worker, they will continue to do so. And any monies recovered from the corrupt rich, through spending cuts and or taxation, is going to be sent down the rabbit hole where it will eventually wind up right back in their pockets.
Like I said, I don’t know where we 99ers fall into the equation in reference to a one year extension, but I believe we had better be watching out of both eyes and be ready to attack at the first indication that we might be excluded. As impossible as it may seem, a Tier 5 unemployment extension may yet be a possibility.