Unemployment benefits extension clears hurdle

Discussion in 'Economics' started by S2007S, Jul 20, 2010.

  1. MKTrader

    MKTrader

    Small business owners can't collect UBs, either. At least they aren't supposed to. I'm not sure how closely the state unemployment personnel (as astute as they are) actually check those things.

    Still, it's kind of a shame that a once thriving restaurant owner can't legally collect a dime as he keeps his doors open and tries to survive...while others collect apparently non-ending benes from Suga Daddy O.
     
    #11     Jul 20, 2010
  2. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2901974>
     
    #12     Jul 20, 2010
  3. S2007S

    S2007S


    This is from the recent article on unemployment benefits:

    If all goes as expected, about 2.5 million people will receive jobless benefits retroactively, injecting almost $3 billion into the economy once they're paid out. Instead of being dropped from a federal program that extends benefits for those whose six months of state-paid benefits have run out, millions of others will continue to receive payments that would help prop up consumer demand to the tune of about $30 billion more over the coming year.



    As you can see its all about stimulating the economy, its just another way of creating demand in a tired worthless economy. Its all about creating an illusion of a strong economy.
     
    #13     Jul 20, 2010
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    #14     Jul 20, 2010
  5. MKTrader

    MKTrader

    We'll soon have a new job title to use on resumes for those questionable jobless periods: UBCWNE (Unemployed Benefits Collector Waiting for Next Extension).
     
    #15     Jul 20, 2010
  6. Lol :D Let's hope we don't get to write that on our resume :) And let's hope that this brings in the effect that it aims for. And again hope that the people on the receiving end would learn to use this time wisely and find themselves a job so that they can resign from being UBCWNE.

    Sigh... all we can do is hope.
     
    #16     Jul 20, 2010