Thursday, November 5, 2009

Extension of Unemployment benefits:

So the Congress is all set to extend the Unemployment benefits for another 13 weeks I believe. Well it was about time they did. I have so many heart wrenching stories about people losing their Unemployment benefits- their last lifeline before they go on welfare that it just disgust me.

I have read that people are losing your homes, raiding their savings account, their retirement accounts, living on the road on RV (recreational vehicles) and still can’t manage to land a decent job even if they lower their standards. Is this is now going to become the NEW AMERICA. I hope not.

Another news came out today, which I have already posted before that the companies are doing more work with less employees driving up the productivity. So instead of hiring more people, the companies are making do with fewer employees, which is not good in one sense, since the less people have jobs, the more it will hurt the economy. So again we (meaning the Government) should do more to focus on creating good paying jobs or for now at least some jobs, so that people have confidence to go out and do their part for the economy ( meaning spending).

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