It's a terrible calamity that those in charge never should have allowed to happened, it's doing incalculable damage that will last for generations, and even as the destruction continues to spread, the government seems powerless to stop it.[more]
No, I'm not talking about BP and the Gulf. I'm talking about President Obama, the millions of unemployed Americans, and the gulf between what needs to be done to deal with the jobs crisis and what is actually being done. It speaks volumes about our country and our deeply dysfunctional political system that not only have we been unable to bring the unemployment rate down, we can't even pass a bill extending unemployment benefits.
As the Huffington Post's Arthur Delaney points out, by the end of this week, Congress' failure to act will bring the total number of long-term unemployed prematurely cut off from aid to 2.5 million. According to the Bureau of Labor Statistics' June 2010 numbers, the unemployment rate is currently 9.5 percent. Almost half of those out of work have been looking for a job for over six months. What's more, the only reason the unemployment rate went down .2 percent in June is because over 650,000 people had become so discouraged they left the workforce altogether and are no longer being counted. Also not being counted are the underemployed....
17 hours ago
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