Extendn Unemplymnt Insurnce Ths Yr Shld Be A Given Fr Cngrss!

[FactFinder]

I didn't say they were rare. I said they are rare in the casinos of Wall Street.

Ahhh. Wall Street. The whipping boy to blame when leftist economic policies fail...and they always fail, sooner or later.

Sorry buddy, I'm an Independent. Ask old rocks if I'm a leftist. See the thread on airport screenings. I refuse to blindly follow idiot policies on either side.

 

[FactFinder]

Wall Street created this freaking mess and now none of the so called responsible righties want to take responsibility for the aftermath which includes the unemployed.

 

[Jarhead]

I didn't say they were rare. I said they are rare in the casinos of Wall Street.

Ahhh. Wall Street. The whipping boy to blame when leftist economic policies fail...and they always fail, sooner or later.

Sorry buddy, I'm an Independent. Ask old rocks if I'm a leftist. See the thread on airport screenings. I refuse to blindly follow idiot policies on either side.

You can be a leftist and an independant.

Independant simply means you do not vote simply by party.

Are you a moderate?

 

[Jarhead]

Wall Street created this freaking mess and now none of the so called responsible righties want to take responsibility for the aftermath which includes the unemployed.

You speask like a leftist.

Wall street was part of the problem, yes.

But if you were truly a moderate, you would also recognize that it ws the greed of the American people as a whole that was responsible.

Those that couldnt afford to buy a home, lied on their mortagge applications as they were allowed to get away with it.

Those that desired to iunvest via wall street did so in an attermpt to have their money make easy money for them.

Those that signed credit card applciations without concern about their ability to pay the bills did so out of their desire for things they could not afford.

So why do you just blame the right?

Only the left blames the right.

 

[daveman]

Yep Bleed the taxpayers dry...then what?

People who rely on Other People's Money to fund their utopian schemes never realize that eventually, you run out of OPM.

Europe is figuring that out even as we speak.

Hey, I thought you were on Wall Street's side?

You didn't think at all.

 

[The T]

Yep Bleed the taxpayers dry...then what?

People who rely on Other People's Money to fund their utopian schemes never realize that eventually, you run out of OPM.

Europe is figuring that out even as we speak.

Hey, I thought you were on Wall Street's side?

Thing is? Without the people that make this economy work through the exercise of commerce? What is Wall Street but a bunch of elitists that are in it for themselves same as Government?

And neither would be squat without the people that make this country work.

Clear?

 

[daveman]

I didn't say they were rare. I said they are rare in the casinos of Wall Street.

Ahhh. Wall Street. The whipping boy to blame when leftist economic policies fail...and they always fail, sooner or later.

Sorry buddy, I'm an Independent. Ask old rocks if I'm a leftist. See the thread on airport screenings. I refuse to blindly follow idiot policies on either side.

Economically, you're a leftist. Don't bother arguing about it.

 

[daveman]

Wall Street created this freaking mess and now none of the so called responsible righties want to take responsibility for the aftermath which includes the unemployed.

Yup. Leftist.

 

[Jarhead]

People who rely on Other People's Money to fund their utopian schemes never realize that eventually, you run out of OPM.

Europe is figuring that out even as we speak.

Hey, I thought you were on Wall Street's side?

Thing is? Without the people that make this economy work through the exercise of commerce? What is Wall Street but a bunch of elitists that are in it for themselves same as Government?

And neither would be squat without the people that make this country work.

Clear?

He is a victim of the talking points.

 

[Jarhead]

I didn't say they were rare. I said they are rare in the casinos of Wall Street.

Ahhh. Wall Street. The whipping boy to blame when leftist economic policies fail...and they always fail, sooner or later.

Sorry buddy, I'm an Independent. Ask old rocks if I'm a leftist. See the thread on airport screenings. I refuse to blindly follow idiot policies on either side.

But you appear to be blindly regurgitating leftist talking points.

Are you aware of that?
Did you ever really read up on what truly caused the fiancail metldown?

It was the people capitalizing on the policies the people asked their reps to enact.

 

[Joe Steel]

Do you think people will sit around and let themselves and their families go live under the bridge?

That's the whole point of my question. Do you?

What are they going to do without a job, without the prospect of a job, without benefits and facing starvation?

They'll find themselves a job.

Do you have trouble with numbers?

We have 15,000,000 unemployed and 3,000,000 job openings. That means we have only one job for every five unemployed workers.

Do you understand what that means?

It means not everyone who wants a job will be able to get a job.

Do you understand the problem?

 

[FactFinder]

Wall Street created this freaking mess and now none of the so called responsible righties want to take responsibility for the aftermath which includes the unemployed.

You speask like a leftist.

Wall street was part of the problem, yes.

But if you were truly a moderate, you would also recognize that it ws the greed of the American people as a whole that was responsible.

Those that couldnt afford to buy a home, lied on their mortagge applications as they were allowed to get away with it.

Those that desired to iunvest via wall street did so in an attermpt to have their money make easy money for them.

Those that signed credit card applciations without concern about their ability to pay the bills did so out of their desire for things they could not afford.

So why do you just blame the right?

Only the left blames the right.

Until the greed mongers wanted to create artificial demand to jack up housing prices the standards were in place to prevent frivilous credit.

 

[Jarhead]

Wall Street created this freaking mess and now none of the so called responsible righties want to take responsibility for the aftermath which includes the unemployed.

You speask like a leftist.

Wall street was part of the problem, yes.

But if you were truly a moderate, you would also recognize that it ws the greed of the American people as a whole that was responsible.

Those that couldnt afford to buy a home, lied on their mortagge applications as they were allowed to get away with it.

Those that desired to iunvest via wall street did so in an attermpt to have their money make easy money for them.

Those that signed credit card applciations without concern about their ability to pay the bills did so out of their desire for things they could not afford.

So why do you just blame the right?

Only the left blames the right.

Until the greed mongers wanted to create artificial demand to jack up housing prices the standards were in place to prevent frivilous credit.

Huh?

Artificial demand?

Sorry bud...you can not create artificail demand for real estate.

Housing prices were jacked up becuase of a large influx of people that could "all of a sudden" buy a home thanks to policy that prompted the banks to lend to those that should not be lent to.

It is not rocket science...but I will admit it has been clouded by the left talking points.

 

[FactFinder]

You speask like a leftist.

Wall street was part of the problem, yes.

But if you were truly a moderate, you would also recognize that it ws the greed of the American people as a whole that was responsible.

Those that couldnt afford to buy a home, lied on their mortagge applications as they were allowed to get away with it.

Those that desired to iunvest via wall street did so in an attermpt to have their money make easy money for them.

Those that signed credit card applciations without concern about their ability to pay the bills did so out of their desire for things they could not afford.

So why do you just blame the right?

Only the left blames the right.

Until the greed mongers wanted to create artificial demand to jack up housing prices the standards were in place to prevent frivilous credit.

Huh?

Artificial demand?

Sorry bud...you can not create artificail demand for real estate.

Housing prices were jacked up becuase of a large influx of people that could "all of a sudden" buy a home thanks to policy that prompted the banks to lend to those that should not be lent to.

It is not rocket science...but I will admit it has been clouded by the left talking points.

Sure you can by selling to anybody and everybody. More buyers>>more demand. It's what they wanted and the greediest ones took the money and ran. Now there is mess left behind.

 

[Jarhead]

That's the whole point of my question. Do you?

What are they going to do without a job, without the prospect of a job, without benefits and facing starvation?

They'll find themselves a job.

Do you have trouble with numbers?

We have 15,000,000 unemployed and 3,000,000 job openings. That means we have only one job for every five unemployed workers.

Do you understand what that means?

It means not everyone who wants a job will be able to get a job.

Do you understand the problem?

You seemed to have left out that it is a revolving number.
Not all 15 million are at the end of their benefits.
You need to re-evaluate how yoiu rewad statistics...you may find that you are on the wrong side of the debate.

 

[FactFinder]

Oh and true conservatism does not lie and cheat.

 

[thereisnospoon]

The current Congress should most definitely extend Unemployment Insurance this year and not let it expire at the end of this month like it is set to. The case for extending is overwhelming.



If this insurance is not extended two million Americans will lose their unemployment checks in December. America is now in the Christmas shopping season, this will hurt the nation's retailers big time not only these two million families spending power is affected but this cut off will spoil the consuming mood of the American consumer they will hear about these cut off families not being able to pay their bills and they will worry about their own economic well-being and hold back on spending. Early next year when the nation's retailers report their fourth quarter profits the figures will be low which will hurt these businesses stock prices and be a drag on business and wall streets confidence which could hurt the nation's economic recovery. Plus, these unemployment check recipients spend this money they get quickly they create an economic stimulating boost to the nation's economy wisdom doesn't call for taking away this stimulating boost right now when the economic recovery is still in a fragile state!



Another very good reason for holding off on the stopping of unemployment checks right now is that when it is stopped nationwide the pain from this government act on the American people is going to be significant, many of these unemployed won't be able to make their mortgage, rent, car/credit card payments, utility bills etc.. This social impact will be palpable, a new level of the hardship this recession has thrust on the American people will be evident. The American people need the current government to drop this situation on the newly elected government's lap especially the new Republican controlled House of Republicans and give them a real wake up call. Because this new Republican government is so misguided they offer no hope to the American worker as a whole on the middle income jobs front!



These Republicans with their lower business taxes and trickle down economic policies are delusional if they thing this is going to generate the numbers of middle class jobs needed by the American people! These Republicans fail to recognize that American business managers have as their priority increasing profit not creating good paying jobs. These Republicans have to gain a commitment to bring back manufacturing to America. Plenty of manufactured items used in American households and in other capacities in America have a price point where they could pay an American worker manufacturing such product a middle class wage. Republicans have to abandon their refusal to support anything that restricts free markets or free trade. Too many ordinary people get hurt with a pure free market system. Countries have to have a domestic industry to compete in a free market system otherwise the whole system is a sham, it is a government's duty to preserve a domestic industry for those goods whose prices can support such an industry - a government has a duty to work to provide decent livable wage jobs for their citizens. Republicans will tell you the answer here is we need American businesses to be doing research and development and come up with new products that people around the world will need and Americans will find good employment in making these new products. The American people have been hearing this crap from their politicians for the past twenty five years with nothing to show we have heard it about the solar power indusrty and the wind power industry and electric car battery industry and what happens American business invent this technology and other countries manufacture the products and little American employment comes from it. Republicans need to get the message from the American people enough is enough do whatever you have to fix this situation but fix it renegotiate the trade agreements allowing countries to protect their domestic industries so that a third of the products consumed domestically come from domestic industries or just start doing what the Chinese and other foreign governments do providing grants and low interest loans to businesses building and running domestic manufacturing industries and put tariffs on foreign imports to protect these industries as needed. Stopping Americans unemployment checks is a bomb and it should be dropped on the next Congress because maybe it will change that Congress for the better otherwise rest assured more unemployment bombs are coming!



If Congress needs help paying for this legislation, American businesses have foreign generated profits sitting off shore because they don't want to pay the thirty-five percent U.S. corporate tax rate on this revenue if they bought it back into the country. Congress for a year or two should lower the tax on this revenue stream to around ten percent, the U.S. treasury would get tens of billions of dollars they would not otherwise get from this tax and they could use this to pay for an unemployment insurance extension. Plus, all this offshore money coming back into the U.S. would have an economic stimulating effect for the American economy, it would be a two-for!

I have about 50 different wise guy responses for your post.
I'll dispense with that.
Ok. extend benefits with conditions. The conditions are simple. All unemployment insurance beneficiaries will be REQUIRED to make at least THREE actual job contacts per week. Beneficiaries MUST take any employment offered. If the difference between benefit amount and salary, the beneficiary collects the difference.
For example, let's say a beneficiary collects $500 per week. He finds a job paying $300 per week. His unemployment compensation is reduced to $200 per week until they are exhausted. Another condition would be the recipient CANNOT quit the job to go back on full benefits. Termination of employment must be of no fault to the recipient.
The taxpayer funded vacation is OVER.
Unemployment insurance recipients MUST demonstrate personal responsibility.

 

[The T]

You speask like a leftist.

Wall street was part of the problem, yes.

But if you were truly a moderate, you would also recognize that it ws the greed of the American people as a whole that was responsible.

Those that couldnt afford to buy a home, lied on their mortagge applications as they were allowed to get away with it.

Those that desired to iunvest via wall street did so in an attermpt to have their money make easy money for them.

Those that signed credit card applciations without concern about their ability to pay the bills did so out of their desire for things they could not afford.

So why do you just blame the right?

Only the left blames the right.

Until the greed mongers wanted to create artificial demand to jack up housing prices the standards were in place to prevent frivilous credit.

Huh?

Artificial demand?

Sorry bud...you can not create artificail demand for real estate.

Housing prices were jacked up becuase of a large influx of people that could "all of a sudden" buy a home thanks to policy that prompted the banks to lend to those that should not be lent to.

It is not rocket science...but I will admit it has been clouded by the left talking points.

And the cast of characters that are responsible still have yet to be held accountable. Two notables are Dodd and Fwank. The former bolts (Doesn't seek re-election), and the other get re-elected.

And if the Congress had the nutz to do it? I'd like to see Bawney get called out on it for his role.

 

[Jarhead]

Until the greed mongers wanted to create artificial demand to jack up housing prices the standards were in place to prevent frivilous credit.

Huh?

Artificial demand?

Sorry bud...you can not create artificail demand for real estate.

Housing prices were jacked up becuase of a large influx of people that could "all of a sudden" buy a home thanks to policy that prompted the banks to lend to those that should not be lent to.

It is not rocket science...but I will admit it has been clouded by the left talking points.

Sure you can by selling to anybody and everybody. More buyers>>more demand. It's what they wanted and the greediest ones took the money and ran. Now there is mess left behind.

Excuse me...but the "greedy ones" as you put it were the ones who lost...
There were no winners.
Only losers.

Goverenment policy prompted...and to a degree, FORCED banks to lend to those they would not normally lend to.

Those people took mortgages knowing they could likely not afford them...BUT....hey, if the bank said it is OK, then why not.

Demeand increased, prices rose....people SUCH AS MYSELF saw an oppoprtunity to refi and take cash out thanks to the increase in value...GREED again.

THen those that couldnt afford the homes, started to default.

Banks lost money and those that invested in those mortgages...AS THEY WANTED THEIR MONEY TO MAKE MONEY FOR THEM (greed again)...also lost money.

Then as defaults increased, real esttae values went down...and people couldnt refi to get out of their adjustable rates that were ONCE lower...DUE TO GREEED AGAIN....

Greed of the people my friend....not just greed of the right.

Get off the talking points and study what really happened.

 

[FactFinder]

Until the greed mongers wanted to create artificial demand to jack up housing prices the standards were in place to prevent frivilous credit.

Huh?

Artificial demand?

Sorry bud...you can not create artificail demand for real estate.

Housing prices were jacked up becuase of a large influx of people that could "all of a sudden" buy a home thanks to policy that prompted the banks to lend to those that should not be lent to.

It is not rocket science...but I will admit it has been clouded by the left talking points.

And the cast of characters that are responsible still have yet to be held accountable. Two notables are Dodd and Fwank. The former bolts (Doesn't seek re-election), and the other get re-elected.

And if the Congress had the nutz to do it? I'd like to see Bawney get called out on it for his role.

I can agree with that but still hold those who lent the money and then Wall Street trying to hide the bad investments in derivatives with the lion's share of accountability.