Congress is a big FAIL on jobs and unemployment. The Senate is heading home instead of helping the unemployed, the House is FAILing on jobs unemployment and COBRA subsidies.
Even though House Democrats have cut back on the size of a jobs and tax extenders bill Thursday night, the legislation is still facing uncertainty in both the House and the Senate at this hour. Congress Daily reports that the Blue Dog coalition of conservative Democrats are saying "no" to even the meager deal that the Democratic leadership hammered out. more »
Some say that "government can't create jobs." Others respond "unemployed people can't create votes." Meanwhile, conservatives, whose policies put so many people out of work, now say unemployed people are lazy and should not be collecting unemployment benefits. more »
On the one side there are millions of people needing jobs and millions more "underemployed," the economy is still mired in a very, very slow recovery that is a recovery only in the technical sense, an increasing wave of foreclosures that has reached into the "prime" loans and 1 out of every 7 mortgages has at least missed a payment and has at worst stopped paying. more »
Trade expert Clyde Prestowitz, president of the Economic Strategy Institute, discusses his new book, "The Betrayal of American Prosperity," at the AFL-CIO headquarters in Washington May 18. The book looks at what Prestowitz calls the "false doctrine" of free trade and suggests a new framework for how America should compete in the global economy. more »
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The stimulus is running out, millions lose health insurance in 12 days as COBRA subsidies start to run out, unemployment benefits also start running out, all while the unemployment rate is rising. Foreclosures are up. more »
It is hard to imagine out here in the real world, but there seem to be people in the Congress who think they can get (or deserve to be) re-elected when they are failing to do anything about jobs or extending unemployment and COBRA with unemployment at 10%, underemployment at 17%,and forecasts that say t more »
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