Archive for the ‘Unemployment benefits’ Category

>Business as usual

November 19, 2010

>Bessemer Opinions poll responders are pretty smart, it seems.

I asked what would happen in Congress over the next two years.

39% said it would be business as usual. Only 3% predicted the Republicans and Democrats would work together.

Of course, the new congress is not even seated yet, but the lame ducks certainly aren’t showing an indication of cooperation. Get the Tea Partiers in there and there won’t be a chance of cooperation.

Republicans are blocking an extension of unemployment benefits in the house. This is their way of saying “Merry Christmas,” to 2 million families that will have no assistance coming to them during the holidays.

I predict the more compassionate Democrats will still be able to get the benefits passed…probably a week after they expire at the end of this month.

Now let’s see if the Republicans are willing to compromise on the tax cuts. They can’t give a few billion to struggling families, but they are willing to give hundreds of billions to the nation’s wealthiest.

There are many studies that show unemployment benefits act as more of a stimulus to the economy than tax breaks because those receiving the benefits spend the money on goods and services thus creating a need for production, while tax breaks to the wealthy obviously don’t create jobs. I mean, look around you. Those tax breaks have been in place the entire time our economy was spiraling down, and while we have been in the slow recovery, and they aren’t creating jobs now, so why should we think they would if they are extended?

I shudder to think what America will look like after the new congress begins to dismantle the economy. Let’s enjoy ourselves while we can.

Adele

Twenty two year old Adele is set to release her second album, 21, in January 2011 (February in the U.S.).

This album has heavy influence from the American south and country music. She had never been exposed to country music until her group took a tour through the south.

She’s a Grammy winning songwriter and powerful singer whose video’s I’ve featured before.

Here’s a song from that album, performed November 16 on Later…with Jools Holland.

Advertisements