Posts Tagged ‘unemployment insurance’

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Everybody with half a brain knows we in the US are better off than four years ago. The US was on the verge of an economic collapse four years ago, thanks to Republican policies. The policies of President Obama and the Federal Reserve saved the day. Under the Republican plan, which Wall Street Mitt the Twit Romney and his running mate Paul “Complete Idiot” Ryan plan to resurrect, the US economy was on the verge of a complete collapse, like during the Great Depression.

On the other hand, the US remains on the verge of collapse and Obama and Federal Reserve Chairman Ben Bernanke have no intention of doing anything about it. And it’s worse than I make it out to be. With over 93 percent of all US income growth going to the 1 percent, it’s only a matter of time before the economy continues to collapse.

Only the federal deficit, the Great Society programs like food stamps, and the New Deal (Social Security, unemployment insurance, etc…) have kept demand at a high enough level to stop the coming Great Collapse.

Click the link below for why the Democrats should celebrate Obama’s successes, but not his failure.

Is the USA Better Off Now Than Four Years Ago? The Guardian UK

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In the middle of the worst economic crisis since the Great Depression, with long-term unemployment at record highs, the Wall Street Obama administration has manufactured an agreement with the Republicans that will significantly limit the duration of jobless benefits.

Click here for the details

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