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"Legislation to extend unemployment benefits is being delayed in the U.S. Senate by a dispute among lawmakers over which states ought to receive the relief. The House approved legislation last week that would extend benefits by 13 weeks for people in 27 states with jobless rates of at least 8.5 percent in August. Democrats had said they wanted to forward the bill to Obama by the end of September, when benefits ran out for about 400,000 Americans. Seventeen senators objected to the House plan because their states would be excluded."
This is called fiddling while Rome burns, adding unnecessary suffering to people already suffering. The commerce department warns that there are six applicants for every job opening and if you look at these job openings in the want ads you find that many of these jobs pay nothing! They are commission only or minimum wage plus commission. Who can sell jewelry or cars or life insurance in a market where even grocery store sales are in decline?ã
There is a deep-seated desire to deny reality that is rooted in their overall philosophical beliefs, and to admit reality is to admit that they have been fundamentally wrong all along about the economy. We hear of grand schemes and growth projections that assure us of the fundamental stability of the economy. But men and women are killing their children in ever-increasing numbers out of fear and frustration, and that says, "You Lie!" To the academics and economists who have insisted that outsourcing will be good for the economy in the long run, it says, "These dead are on your hands."
It is delusional to believe that somehow a family can be supported and kept on minimum wage and part time jobs. They are unwilling to admit that their policies are as much responsible for the deaths as the Remington. There is an ever-present air of benign neglect, let's look the other way and pretend that it has nothing to do with us or what we do here.
SUNRISE, Fla. -- Police in Sunrise said a father, mother and teenage girl died in a double murder-suicide over the weekend. Early Sunday morning, the bodies of Quincy Kelly, his wife, Lisa, and their 13-year-old daughter, Soroya, were found locked inside a back bedroom of their home. Sunrise police said it was a double murder-suicide."
"Yes, he lost his job, but where that is concerned, it's a total different matter than this," Mitchell said. "It's not known yet what caused all of this. All we know is that three lives were lost."
The potential link between murder-suicides and the economy is an area of study for the Violence Policy Center in Washington. "We've been looking at this issue of whether there are more murder-suicides " [and] a pattern is starting to develop that may point in that direction," says Kristen Rand, legislative director at the center.
The saddest part of this whole situation is that the government has already shot its bolt. They have already spent any funds that might have been available on the bank bailout and rescue. The Obama administration's stimulus package is DOA, too small and too short-sighted and littered with tax cuts and incentives. Even the Wall Street Journal now admits that it is too small.
Many states faced with huge budget shortfalls have used the stimulus money to save employees rather than to add employees. This is all well and good but bailing is not sailing and saving jobs doesn't solve the problem. It forestalls the problem while the situation grows worse. With 400,000 set to lose unemployment benefits, does anyone seriously believe that Best Buy is the answer?
A time of shattering realities is upon us; our people face grim winter months. How will they heat the house? How will they feed their children? How will they keep a roof over their heads?
"Cramer: Expect a Big Holiday Shopping Season"
"The consumer is alive and pretty well," Jim Cramer announced Thursday, "no matter what the pundits say."
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