Unemployment Benefits Run Out

The Unemployed

Unemployment Is Stressful

Unemployment benefits are drying up for the 10-15 million unemployed Americans. Republicans and Democrats are at odds over another extension to people who are about to lose everything they own. If you read the article I linked above, your heart has to go out to these Americans. For the most part, these people have worked all their lives, they have paid taxes into the system. There are those that are cheating the system (more on that later) who are not eligible for social services such as unemployment benefits and food stamps. If you read the article, you will read where Deborah Coleman lost her unemployment benefits this past April. She has had no income since that time (other than the three month emergency rent payments). That is three months. Three months without any type of income to pay home mortgage or rent, utilities, food and other essentials of life. There are millions of Americans in Deborah Coleman's predicament. Your heart goes out to her and all the others who are suffering. Americans are suffering due to stupidity in Washington D.C. Blame goes to both parties, Republican and Democrat alike. Both are so interested in their own political agenda, they cannot see the forest for the trees. There aren't any politicians who really care about Americans plight today. It is all words of total BS.

Of course, there are millions of jobs that Americans could do . But, we are told by groups like La Raza, politicians like Lindsey Graham and Chuck Shumer, and organizations like the Chamber of Commerce that illegal aliens do work "Americans won't do. " I wonder if Deborah Coleman would agree with that statement? Oh, there was a sham effort put forth by the so-called "American Farm Workers" that they would be glad to hire any American needing work. Sure. They say that because they know Americans will not work for the wages (which are patently illegal and depress wages for Americans) they offer. Let them make those wages at minimum wage and let's see how many Americans show up for work. This issue goes deeper. Americans like Deborah Coleman are forced to go to nearly depleted food banks. Illegals, due to their anchor babies, are able to get food stamps. What's wrong with this picture? I don;'t care if you are Democrat or Republican, that is a terrible, terrible injustice. It is a slap in the face of Americans everywhere. These same anchor baby families are able to get social security (SSI) as well. It's a nice gig for them. 15 million unemployed Americans say you are quite welcome.

But, let's not forget the politics involved here. This "Summer of Recovery " is slowing down (did it every really start up?). More people are going to suffer as a result. Obama (I will never refer to him as President again, so don't ask, libs) should be busting his ass trying to create meaningful good paying jobs. Instead, he proudly points to the number of Census Workers who have jobs (and are about to be unemployed again). He talks about all the jobs (2 million, 3 million or 4 million, whatever Obama zombie admin person is talking) the Stimulus Bill has created. Liberals will never understand creating government jobs cost far more money than the tax cuts needed to "stimulate" this economy. Put money in the hands of small businesses through tax cuts and get the hell out of their way. Small businesses are the locomotive of employment in this country. Give Americans the tools they need (money in their pockets to spend, not save) and employment will start to rise. I'm not even close to being an economist. But, it stands to reason, if you put money in the hands of consumers, they will buy. Buying of product x, means demand is increasing and supply is decreasing. What to do with this situation? Oh, maybe I'll hire some people. Too simplistic for the Pro(Re)gressive mindset, I know. It would never work, right? Of course not. Let's just create more jobs that are funded by deficit spending.

I have great sympathy for Deborah Coleman and others like her tonight. I've been there and done that during the Carter Recession of the late 70s and on into the early 80s. It's hell not knowing where your next meal is coming from day to day. It is a mental stress that few people can understand. Well, I stand corrected. There are about 3 million Americans who will join Deborah by the end of this month if unemployment benefits are not extended. They will understand. Democrats want to extend without paying for them. Republicans want an effort made to either pay for the benefits or cut spending on other things. I'm hopeful there is a middle ground here.

One more thing; to all the Pro(Re)gressives who want to continue blaming this issue and everything else on Bush (including the depleted ozone layer and dying polar bears), do it elsewhere. Come up with something original for a change or don't waste my time. I've had enough of your nonsense on George Bush. I was never a fan of "W." But, my God, enough is enough! The man has been OUT of office for 18 months! Come up with a new excuse. Either offer constructive comments or don't bother commenting. I'm tired of it now.


Comments 33 comments

JON EWALL profile image

JON EWALL 6 years ago from usa

LRCBlogger

I have a family member working for the government. One major reason why they have surpluses is that they have no idea how to estimate the cost of the work. Many of those in charge are educated in certain fields but are incompetent and do not understand or care how taxpayer monies are spent. If government had to compete in the private sector under the same rules, they would be forced to close shop.

President Barak Obama has created all kinds of government regulator offices since he entered office. Waste in government should be ranked a high priority to reducing government waste.


LRCBlogger profile image

LRCBlogger 6 years ago

David, at times, I think unemployment benefits should extend no more than 6-9 months. Sometimes I hear stories of real hardships and think they should go longer. However, I think we both agree that there is enormous waste in government. I don't speak from the abstract, I worked on multi-million dollar contracts selling to both the Fed Gov and some state and local agencies. This was under Bush and the GOP congress… the money flowed...

I can tell you that the mantra was "spend it or lose it." Agencies were rewarded for using all of their budgets and punished if they had money left at the end of the year. The philosophy was "if there is money left, you requested too much and now you get a bad review this year for having excess funds.” I truly kid you not.

I used to see Fed Gov agencies buy new furniture and remodel their office every year because they had excess money in their budget and “had” to spend it. Anything related to homeland security literally got more money than they knew what to do with, including Transportation Security Admin, Dept of Homeland Security, Immigration and Customers Enforcement, etc (TSA, DHS, ICE).

Govt is out of control. Working with them, I can tell you where we need to start.

1. Military “Foreign Aid” – We don’t call it ‘foreign aid’ but having 40k troops in Germany, paying for real estate there, eating at German restaurants, having German mechanics fix our tanks, etc is all just another type of foreign aid.

2. Stop building Nuclear weapons – they are massively expensive and we can destroy the world hundreds of times over

3. Medicare budget is nasty and massive. It is unsustainable and changes have to be made. They will be tough but there is little choice.

4. Make it possible to fire govt employees. They literally can not be fired. There are too many of them and far more that stink at their jobs.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

springboard, the good news is that this can all be corrected in November. The bad news, Barney Frank and Clowns still are pushing subprimers onto Freddie and Fanny if they get their way.

LRC, serious question. How long can this go on with the continued unemployment extensions? Until Obama gets out of the White House in 2014? When? I have mixed feelings about it since it adds more to the deficit. But, at the same time, people have to eat and pay bills.


LRCBlogger profile image

LRCBlogger 6 years ago

UPDATE ON UNEMPLOYMENT EXTENSION:

Sens. Olympia Snowe and Susan Collins, Republicans of Maine, switched sides to support the bill giving Dems 60 votes in the senate to break the Republican filibuster.

The senate should finalize today and send the bill to the House of Representatives. The house is expected to pass the bill and many of the unemployed who lost their benefits will see them restored.


Springboard profile image

Springboard 6 years ago from Wisconsin

This is part of the many things I have been irked about with this jobs situation and really the whole focus as to where stimulus dollars should have gone. You know I keep thinking even to the 1st time buyers credit they gave out. With house prices freefalling and mortgages going under and winding up upside down, I can't understand why THOSE people were not given an $8,000 credit to offset the decline. Granted, I get that we all wound up in this boat together. We all did wrong things and thought the boat would never ever sink. But that's not the point IMO. We bailed out the banks but we didn't bail out the PEOPLE. Now we want to toss more insult in the faces of WORKING PEOPLE who lost their jobs as a result of mistakes made in the government and at the top? Now? It just irks me.

As I pointed out in my own hub on the subject, and as you pointed out equally here, the people on the unemployment rolls are tax payers. They are the American worker. They are on the rolls BECAUSE they had a job and now they do not, and largely not of their own design. I'm not saying we should offer up benefits until the cows come home. But until the economy is righted, you've got to take care of the PEOPLE.


LRCBlogger profile image

LRCBlogger 6 years ago

Jon, read the AP article posted yesterday on health care reform. I've already had these comments with Bpop and don't want to have to repeat. What you are saying regarding abortion funding is simply not true (As evidenced by the catholic bishops of America praising HCR for it's tough stance on abortion)...this happened yesterday.

ON the debt: Already running massive deficits and the debt was ballooned by the time Dems controlled congress. Damage was done by the GOP spending like drunken sailors.

Bush Tax Cuts: Obama is 100% correct, Republicans do want to extend them. They've been saying this in print, on TV, etc for months. Republicans have shown over and over that they will stall congress by filibustering (A process that prevents bills going to vote, thus stalling democracy). To say they have 0 control is non sensical.

WAYNE - stimulus has been put to a lot of good use but $800 billion is a ridiculous number. That bill could have easily been half that and as or more effective. I agree with you hear...putting up 'trophy' signs to announce stimulus funding probably cost how many millions?

TOM- saying the Bush tax cuts in 2001 & 2003 staved off a great depression is speculative and probably the exact opposite is true. The debt is one of our biggest challenges and these tax cuts are a huge reason it is so large. Remember, Clinton handed the GOP a huge surplus and a plan to pay off the debt in 14 years. TOM, Also, you want Reagan, you got him. Many of Obama's plans are pretty much in line with Reagan: Cap and Trade, large spending budgets, etc. Don't forget, it was Reagan who took the debt from 700 billion to 3 trillion.


JON EWALL profile image

JON EWALL 6 years ago from usa

LRCBlogger

Today it was exposed that the states of Pennsylvania and Maryland will get an ok to use federal money thru the healthcare bill to perform abortions. Just another untruth spoken by the almighty one, Barak Obama.

Obama appeared today (7/19/10 ) in the rose garden, told the public more half truths about the bill to extend unemployment benifits, closed the speech and walked off the dais without giving answers to questions from the media. wonder why ?

President Barak Obama again brought up how and what he inherited from the previous administration. Some how he forgets that the Democrat party was in control (he was a member of the Senate too ) of the economy for Bush’s last 2 years ( not 4 years ). Obama spoke of the Bush tax cuts that are due to expire this year saying that the Republicans want to extend them. That’s another fallacy by this president, the minority Republicans have 0 control over the tax cuts hence to keep them or let them expire is totally the responsibility of President Barak Obama and the majority ( can pass all legislation without the need for a Republican vote ) Democrat Congress.

Note, if Obama allows the Bush tax cuts to expire he will break another campaign promise not to raise taxes on the middle class. It’s a pity that our president can’t stand on his own record of arrogance, inexperience and ineptness.


Wayne Brown profile image

Wayne Brown 6 years ago from Texas

David, I tend to agree with Bpop. I think we drove past the "middle ground" when we watched Congress hand Obama $800 Billion dollars to stimulate the economy. Where the hell is that money? If we need to pay unemployment benefits on an extended basis then why is it so important to put up road signs on the highway construction sites touting Obama's plan at work! The assinine stupidity at work here is beyond the scope of human comprehension. No doubt, the party line ignorance in the Congress is totally out of control. That said, we don't have a leader in the White House who can lay down his agenda long enough to "suggest" some spending cuts or budget reductions that would take a "lesser priority" in this mess. No, he can only point his blaming finger across the aisle at the Republicans. Even if they cross the aisle and extend the benefits, he will only use the action on them later as an example of being a part of the wasteful spending. He brought this "pay as you go" idea to town and has no damn idea how to implement it. It is nothing but empty words. Anyone who is collecting unemployment benefits today or is currently watching them end should realize this dilemma they find themselves in belongs to Obama and those in Congress who allowed him to implement a plan that may take America under economically with little hope of recovery. With that outlook ahead of us, we could all soon be out of a job. Thanks for a great hub as usual, David! WB


tom hellert profile image

tom hellert 6 years ago from home

LRC, THE BUSH TAX CUTS KEPT US OUT OF A -FULL DEPRESSION WE ARE ABOUT TO GET INTO NOW THAT THEY ARE EXPIRING. (sorry didn't mean to yell). Remember this; a poor person never started or gave anyone a job. Tax cuts provide business owners additional moneys that they will spend for more equipment more people more investment- which to use an OBama statement - "spread the wealth" I gotta go wash now....In a year and a half if not sooner- we need a good strong CONSERVATIVE-REAGAN-ESK FELLA (Or Gal) to come in and take the country by storm, The only difference is AlQueda is a little trickier than the Soviets...

Have a nice day all...


LRCBlogger profile image

LRCBlogger 6 years ago

David, just and update on this. As we know, Republicans want the unemployment benefits paid for through program cuts or some other way that keeps the deficit neutral. However, the Republicans are calling for renewal of the Bush tax cuts on the top 2% of wealthiest Americans, HOWEVER, they are saying that these tax cuts DO NOT have to be paid for and it's ok to add another 680 billion to the national Debt if it is for the wealthiest Americans but adding $35 billion to help middle America is not acceptable to Republicans.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

Enlydia, I have not heard anything like the situation your speculate about with Carter Lumber. But, at the same time, it would not surprise me in the least. People are doing crazy things these days.


Enlydia Listener profile image

Enlydia Listener 6 years ago from trailer in the country

We (my husband and I) are there right now...No income for over a month....we still have 4 of our 8 kids still at home.

we check our states "jobs" list regulary...I believe many of the jobs are not real jobs...but pretend jobs to appear like there are more jobs than there really is...These are probably counted...one place for example is Carter Lumber...they had at least 6 positions listed for our area...driving by the business it looks so quiet, that it does not seem possible that they are really hiring....I have a suspicion that there are kickbacks or credits for companies that advertise for positions that are not really available. Anyone else see anything like this?

I have written a few hubs on our situation.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

Edit: I forgot you can't link your hubs in comments.

Jbeadle, my greatest sympathy is with you. As I said in this hub, I have been there before. No one realizes how devastating unemployment is until they have walked a mile in your shoes. Those that degrade you because you are unemployed are nothing more than immature children who have not experienced the stress you are under. Take their callousness with a grain of salt. Remember, you are not beaten until you give up. I have a couple of hubs on job interviews and finding a job the "old school" way if you are interested.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

mdscroggins, my prayers and best wishes are with you and your husband during this trying time. As I related to jbeadle, you are not beaten until you give up. I know many people have given up in my area alone. But, what does that accomplish? As for the illegals; this is something the Democrats are going to get blasted for in November. Democrats seemingly always put their agenda before the American people. Republicans do also. Just not to the extent that Democrats do. Both parties are corrupt with power. It is time, past time for a third party in this country. Again, my best wishes to both you and your husband.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

And, of course, you fully realize, LRC, there is no individual mandate forcing people to use highways, electric power, etc. You know that is all handled at the state level. In passing, I must say that while the concept of HCR is a plausible and worthy idea, the way in which it was passed and conceived will always prove to be controversial. That is something the Democrats will have to deal with in November.


mdscoggins profile image

mdscoggins 6 years ago from Fresno, CA

Thanks for that post check out my pages as I have a similar article, me and my husband are fighting this awful battle right now. We both lost our jobs now will loose unemployment and I am trying to struggle through school to get my PhD and get over this hump but I agree the situation is only getting worse not better and it does anger me that someone can get the job before you that is not part of this country only because they can do the work cheaper. This is crazy..


JBeadle profile image

JBeadle 6 years ago from Midwest

I appreciate your hub and your feelings on this issue. It's not only us unemployed (I worked 18 years for my company) but the employed that suffer when they don't extend the benefits. That money goes right back into the economy. I'd rather have a job and I've been trying but even with a college degree and 20+ years experience I'm not even getting interviews. So discouraging. My hub someday somehow rec'd a few negative entries as well with comments like "get a job" and poor assumptions on what I'd saved or what I've tried to do to get back on my feet. The lack of empathy on this situation is as sad as the situation itself. Thank-you for this hub and your stance.


LRCBlogger profile image

LRCBlogger 6 years ago

Definetely a good thoughtful discussion. I'm not saying this is right but every bill created has been filled with paybacks, bribes, etc. Congress votes for bills that benefit companies in their district and they are then rewarded with campaign financing. If you want to stop this, support the "fair elections now act." I say this a lot on hubpages. This campaign finance reform law would eliminate a lot of the conflict money has in politics. Currently 150 Dem co-sponsors and only 2 republicans...makes it clear who's side the republicans are on.

I think what a lot of conservatives don't understand is that the govt is in every facet of your life. If you lived in Haiti or perhaps sudan, you'd be begging for govt intervention. What did you do today? Did you get up and take a shower with using your govt regulated water utility company to provide water? Did you turn on electricity? Also govt regulated to control costs. Did you drive anywhere on dept of transportation highways? Did you make a call on govt regulated telephone lines. Remember, the govt broke up the 'bells' to keep a monopoly from forming. If AT&T had their way, they'd charge everyone $1000 per 1 minute call.

I like some of your points David but like most conservatives, you fear this bill for what it "might" become and not what it is. I think that is a reasonable stance but one that essentially makes anything the govt does 'bad' because you can always say 'what if it becomes xyz instead of abc.'


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

LRC, no problem about the name. I don't see how they could come after you if you used a first name. But, it's ok. Speaking of radicals, you might have glossed over some of the left-wing nuts here. I'm sure you have come across this nut job Charlie over at AR's hubs. I am not sure I have seen anyone filled with such hate in my life.

The only thing I really need to know about HRC is that is going to be run (essentially) by the government. The federal government can't run the trains on time, they can't deliver the mail on time, they can't do anything but spend taxpayer money. That is basically the way I see HCR. It is going to turn into Frankenstein's monster in the years ahead if the Republicans don't repeal it or defund it if they take over the House.

I concede what the website is saying. I understand it says businesses less than 50 have no fear of HCR. Two things; how long before that is changed? You and I both know that will have to change in order to get everyone under the HCR umbrella which is the Democrats goal. Second, when has the Obama Administration shown any restraint when it comes to a law or rule they don't like? As we have seen with the offshore drilling ban, they did not like the ruling, so they changed the law again. There is also the threat of an executive order to grant mass amnesty to every illegal in this nation. That also is illegal. The heart of my dislike on HCR is that I feel the individual mandate is unconstitutional. When have Americans ever been forced to buy something in order to live in this country. I know about the commerce clause but I find that to be on very weak ground. As a constitutional professor, I'm surprised that Obama doesn't see it that way also.

Basically, you are correct in that the bill states no one will be forced to abandon their private ins. HCR is going to force private insurers to raise rates. I don't see how they can compete with federally funded insurance rates. So, in essence, people will be forced to abandon their private insurers due to the premiums of their insurer.

The abortion issue; the money flowing to the states is federal money. Stupak was under the impression money sent to states would not be used for abortion. To make matters even better, Obama issued an executive order making it mandatory that federal funds not be used. It's semantics you are using here, LRC. The federal money ceases to become federal when it gets to the states? Hogwash. I remember states like South Dakota, a few years back, wanted to increase the highway speed during the day to 80MPH. The feds told them they would lose federal highway funds if that happened. I believe the federal government could stipulate that the money not be used for abortion if they really intended to make that executive order mandatory.

My opinion on HCR can't be changed anymore than yours can that the government is beneficial in every facet of our lives. I see HCR as a power play by progressives. You see it as something glorious and overdue. Again, we have to agree to disagree, LRC. I respect your opinion. But, I believe the lies, misrepresentations, backroom deals (which reminds me, if HCR is so good for us, why resort to that?) and bribes are coming from the Democrats.


LRCBlogger profile image

LRCBlogger 6 years ago

Hi David, I don't use my real name because the conservatives (not you) on hubpages are very radical and I'd rather not have them one day show up at my door wanting to harm me because I don't think Obama is hitler.

Knowledge is power. Like many conservatives, you simply do not know most of the facts on HCR (that almost sounds like I'm being condescending, please know that I am truly not).

I think your opinion does a 180 with the facts.

The govt has launched a website explaining HC reform and helping people find info: healthcare.gov

Your statment "I really doubt that the majority of small businesses with less than 50 employees are exempt from HCR"

FACT: ALL small businesses with less than 50 people are exempt from HCR. Companies with less than 50 people represent 96% OF ALL companies in the USA.

http://www.healthcare.gov/news/factsheets/increasi...

Further, 4 million of the 6 million small firms will be eligible for a tax credit if they provide HC to their employees - SMALL BUSINESS STIMULUS

Let's go one more step further "The Affordable Care Act does not include an employer mandate. In 2014, as a matter of fairness, the Affordable Care Act requires large employers to pay a shared responsibility fee only if they don’t provide affordable coverage"

"The problem that most fear about HCR is that they are going to be forced to forgo their current health insurance"

FACT: Read my hub about the new "patients bill of rights." The Dems made sure that if you are happy with your current insurance and doctor, you keep them. Further, if you need to go out of network, the new HCR prevents insurance companies from charging you additional copays or deductibles for using out of network doctors. http://hubpages.com/politics/Health-Care-Reform-Up

Your statement" We have already seen Obama backtrack on abortion with federal funds"

Obama placed an executive order in the HCR to ban all federal funding for abortions. This was the deal that got Stupak to support the HCR. Please note that states receive monies for high risk pools. The states are allowed to determine their own use of that money. So for example, a state may determine that they will use their 'high risk pool money' to fund abortions. Again, this is a matter of the state and not under federal control. Conservatives want more sovereignty for the states, they got it.

David, knowing these facts, does your opinon change? I would assume it must knowing that your opinion on HCR is based on republican lies. If I were you, I'd be upset more that the republicans are spreading this kind of rhetoric.

Even with this information, most conservatives may simply choose not to believe it. I guess time may change that, however, somehow they will probably then take credit and point to the work conservatives did to get these bills passed.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

LRC (I'm tired of calling you that...what is your name?), I really doubt that the majority of small businesses with less than 50 employees are exempt from HCR. I say that because I know many small business owners locally are saying they cannot afford to do business with HCR. Most have employees of less than 20. Now, I know that is anecdotal evidence. But, since you seem to know so much about HCR, maybe you can direct me to the page (out of the 2000+ pages) where it states businesses of less than 50 are exempt. You see, I once was a small business owner of a computer maintenance business. I sold my interest (I was co-owner) right after Obama was elected. I knew what was coming on the horizon. That business went bankrupt and was dissolved this past January.

You must not read many newspapers such as WSJ or Business Weekly. They all echo the same; the Obama Administration has presented the most anti-business atmosphere since Jimmy Carter. Yes, it is mostly opinion. Sort of like someone saying the Democrats will retain majority status of both the House and Senate, which flies in the face of every poll in the nation.

The problem that most fear about HCR is that they are going to be forced to forgo their current health insurance. We have already seen Obama backtrack on abortion with federal funds. I wonder what Stupak has to say about that today. Forcing HCR down the throats of the American people is something Obama will pay for in November. That is another biased, but factual opinion based on all polls available.

You do admit that HCR will hurt "some" businesses. If you truly believe that, then you must realize the fear there is out there for small business owners. As I have stated, I know many small business owners (mostly during my days in the previously mentioned computer maintenance business). They all want to hire more people locally because of the ThyssenKrupp Steel plant (http://www.thyssenkruppnewusplant.com/) opening up. Again, they are fearful because they simply don't know what is going to happen with HCR and cap and tax. Opinion once again, both contribute to an anti-business climate. No one wants to hire employees and then fire them within 90 days of being hired. That is devastating to both the employer and employee, LRC. You know that as well as I do.

I appreciate your honesty. I really mean that too. But, securing loans in order to hire people is not the way most businesses like to operate in my experience (maybe you meant that in another way). Usually, we let customer demand dictate how many people we hired. To be even more honest, our business was declining during the last six months of the Bush Admin. I don't put this all on Obama. I consider W and Obama to be a double whammy of bad news for the economy. And thanks for not blaming it all on Bush. That was refreshing to say the least.


LRCBlogger profile image

LRCBlogger 6 years ago

David, I am a current small business owner. I still own 51% of the small company while also working for a fortune 500. To say no one is hiring due to the policies of Obama is a pretty bold statement. I would think that is more opinion and really not factual. Small businesses with less than 50 employees are exempt from HCR. We also know that small businesses employ more people than large corporations. I've seen a lot of stats out there so this is an educated guess but it appears that at least 85% of the small businesses out there have less than 50 people. So for the majority of small businesses, healthcare reform is a blessing. They don't have to sign up but it may present options for them to finally get affordable HC for their employees. It's really a win win for them.

Large corporations already offer insurance. I'd be surprised if any of the fortune 1000 companies don't already offer insurance to their employees. HCR will help steady their costs which have been rapidly rising. It's not like these corporations are suddenly being forced to offer insurance, they already do.

I certainly agree that HCR will hurt some businesses but overall it will benefit most. One more thing that I think is being missed. Yes the economic climate has been challenging but don't think for a minute that large corporations did not take full advantage of it. They used the downturn as an execuse to lay off workers and force more work onto those already working their tails off. Take a look at corporate earnings and most of the S&P 500 companies are reporting solid earnings. In 2000, Goldman sachs reported 2 Billion in net profit. Last year they reported 14 billion. In the worst economic climate we have seen since the great depression, they made 14 billion in PROFIT. Not revenue, BOTTOM LINE PROFIT. By the way, in 2009, Goldman layed off 10% of it's workforce. Stop blaming Obama for challenging these corporations to do the right thing. I know I'm picking on Goldman, we can have the same conversation about JP Morgan, AT&T, Health Insurance providers like BCBS, Aetna, etc. Republicans need to stop sticking up for corporations and join the American people in sticking up for the people...that's the truth.

Almost didn't answer your question...if we can secure a loan, we will be hiring at least 1 customer service person and possibly 2 sales people.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

LRC, we have different ideas as to why this meltdown occurred. I have not ever said or will ever say that George Bush was not culpable for our problems today. That would be disingenuous at the very least. However, where I part company with you is that the government is where our salvation lies in getting out of this mess. I simply don't believe that tax cuts cannot be beneficial to the overall health of the economy. I realize some people will use the tax cuts to pay bills, which in itself, is an indirect stimulus to corporations. I don't see where money in the hands of the government is a better idea than putting it in the hands of the individual. I'll never accept that.

You stated something that I hit on in this hub. There is uncertainty in the business world. Why is that? Do you think its because small businesses (and big business as well) are fearful of what HCR is going to do to them financially? It may be a good idea to you on paper. But, in the business world, it has a chilling effect on hiring. Nobody is hiring these days due to policies set forth by Obama. Let me ask you, as a former small business owner, would you hire in today's business climate with HCR hanging over your head? You're an honest guy, LRC. Let's see an honest answer.


LRCBlogger profile image

LRCBlogger 6 years ago

Writer David,

nice hub that really illustrates where we are right now economically. Let's consider a few things. First, most economist predicted that if the govt did nothing in 2008, we might be in a situation worse than the great depression (meaning 25-30% or more unemployment)...yikes. Credit the Bush and Obama administrations for acting quickly with Tarp and the Obama Admin for Stimulus. The Tarp seemed to work well, however, can't say the same for stimulus. While the stimulus has created jobs, 1/3 of the stimulus was personal tax cuts. Tax cuts for individuals historically have always failed to have a stimulative affect. Think about the ones we received under Obama. How many people even know they received a tax cut? (Polling shows only 2% of TEA party members know they received a tax cut).

Businesses are not hiring because there is uncertainty. As we see the rules & Regs from HC reform, a lot of small businesses should greatly benefit. I'm not speaking from the abstract; I work for a fortune 500 and also run a successful small business with several employees. Historically our healthcare costs have been unpredictable and a big deterrent from hiring new people. I'm hoping that they will become more predictable under HC reform. I also have less than 50 people so we are not forced to give Healthcare. This law may be a big benefit for us.

Other uncertainty comes from the possibility of another complete meltdown. Almost 2 years we’ve had no new rules or regulations governing financial companies and banks. There was nothing stopping them from repeating the exact same mistakes and causing another meltdown. Fortunately, yesterday we saw the passage of Financial reform but again, it will be phased in over time and does not take immediate affect (Like HC Reform).

From my perspective, the business climate as improved but it is still very cautious has banks are still not lending. My small business was denied a small loan even though we had current cash in excess of 11 times the loan amount! We are also profitable and consistently growing. To expand, we need cash and right now banks are still not lending.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

Polly, I'm not sure how illegals get unemployment benefits. I'm sure states like CA and OR are more than willing to look the other way. But, if there is a way, illegals will find it. They have become experts at bilking the American taxpayer.

Sheila, no doubt politicians on both sides of the aisle are posturing to make points with voters. I continue to say we need a third party in this country. The two party system is now a failure.


sheila b. profile image

sheila b. 6 years ago

When the unemployment runs out, the unemployed will become eligible for other government programs. Meanwhile, the politicians on both sides of the aisle are trying to score points. Just more politics as usual.


Pollyannalana profile image

Pollyannalana 6 years ago from US

The very first thing that we should demand is stop all the millions going to non-citizens! No one has that right and they are doing it as hard and fast as they can, I really am considering going everywhere and push for impeachment if he doesn't put a stop to that right now, it is not his money it is not congress money, it is OUR money! I wouldn't have a word to say if it was the laziest bum in America, he has more right to it than an illegal that is NOT a citizen and their whole family with them.


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

duck, that was a damn good comment. It is even better than my hub! UE benefits were never intended to replace wages of someone. It was meant as a means to tide one over while he or she was looking for work. That along with food stamps was intended to keep a family in a home with the bare minimum. In most cases, even UE benefits were not enough. They were not enough in my case when I was laid off from work in '79 (thanks to carter).

I do believe there are many good jobs out there. The problem is that these positions are not being filled because corporations and small businesses are fearful to hire people under the current anti-business climate that due to Obama. Obama is destroying jobs with his preposterous policies. HCR is going to kill small businesses. I sometimes wonder if that was his true intent all along. I appreciate you very good comment!


OpinionDuck profile image

OpinionDuck 6 years ago

David

The problem with Unemployment Benefits is that the highest benefit is no where near the take home pay of the people that lost good jobs, career jobs.

Many people can live quite well on UE benefits but these people didn't lose a good income job.

The good income jobs are the ones that are scarce.

These are the jobs that the economy has not replenished.

The stimulus package as costly as it was to the Federal Budget did little to stimulate the kind of jobs that the economic meltdown took away.

Nobody is getting rich off of UE benefits.

The government needs to be empathetic, and right now they can't even understand sympathetic.

Empathy might be induced by just flat out not electing incumbents.

For the very few incumbents that might be beneficial, it wouldn't be a risky proposition. It is sort of like asking for five cards in poker when you have a bad initial hand. It is hard to do worse.


SheriSapp profile image

SheriSapp 6 years ago from West Virginia

David,

You did great work here. I agree that this is a travesty and an injustice to all LEGAL Americans everywhere. I do agree with the repubs though, that there MUST be spending cuts first in order to PAY for another extension. Just think at the jobs that COULD have been created if BO was as focused on them as he was on ramming unwanted HCR down all our throats. He is inept, clueless, and NOT even a decent chief executive for our nation. I feel awful for those out of work, but there is very little average folks like us can do to help. At this point, my hubby and I are quite happy with our teaching jobs, because at least we do have some job security!!!


Writer David profile image

Writer David 6 years ago from Mobile, AL Author

eovery, if the administration and Congress hasn't gotten its act together after 18 months, I don't hold out much hope they ever will. That's the sad truth of the matter.

breakfastpop, I agree we can't stop extending benefits. Republicans are wanting any extension paid for before this is done. However, I can't see not helping Americans as long as illegals are cheating and stealing from us at every turn.


breakfastpop profile image

breakfastpop 6 years ago

Middle ground? What's that? The situation is awful, but we really can't afford to keep extending the benefits. The answer is an economic policy that encourages business to hire.


eovery profile image

eovery 6 years ago from MIddle of the Boondocks of Iowa

This administration and congress need to get their acts together!

Keep on hubbing!

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