Unemployment has been terrible all year and now it's about to get worse. We have three forces at work here. First, there is the large population of Americans who are losing their unemployment benefits. 1.4 million to be exact. 1.4 million workers have been without a job for at least 99 weeks. That means we're going to see a big increase in Americans living off of welfare. We're going to see many more families losing their homes (which will continue to kill real estate and boost bankruptcies). Expect to see a significant raise in homelessness. You won't have to view the stats. By Christmas, you'll see packed soup kitchens. Many formerly upper-middle class Americans have too many bills to live off of welfare. A lot of people are going to be facing some tough decisions. Sell the house? For what? Good Luck!
The second force is the U.S. Census, which has rescued 700,000 Americans from financial oblivion with seasonal jobs. But these jobs are already fading.
The third force is the most obvious: unemployment. Today, 560 layoffs were announced at the West Coast's last big shipbuilder (General Dynamics NASSCO). This is only one of the many private sector companies that are struggling. And since the stimulus money is just about gone, many companies aren't going to be able to take advantage of government deals. So we have local and state governments laying workers off. We have over 45 percent of the 14.6 million unemployed people have been jobless for more than 6 months and the situation is not improving.
But don't worry, Obama is coming to the rescue. Michelle says so. I watched part of her clique-filled speech to the NAACP and I wondered to myself, "How stupid do these political losers think we are?" The color of Obama's skin may have won him black votes in 2008, but in 2010, even black voters might grow tired of him. Michelle Obama joined the political hack organization known as the NAACP to issue a resolution to the Tea Party. This was a desperate attempt to attack critics of Obama by portraying them as racists. Well, this act was despicable the first time and it's just plain pathetic now.
Newsflash: Black people don't live in a vacuum. Your rhetoric isn't going to distract them from the cold reality. The economy is getting worse and there's not a damn thing that Obama can do about it. If anything, he's making it worse.
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My Sources
End of Census, and for Many, End of Job
No extension of unemployment benefits in sight for the long-term jobless
Obama's deficit
Truth is blacks are content now that obama is president. I don't care how bad things get. I keep seeing blacks bring up Obama in a positive light anytime race relations or economy is bad. Peoples ego is too high to accept that obama is a failure.
ReplyDelete10 Percent of unemployed have been out of work for 2 years. However Im pretty sure that figure doesn't include the discouraged workers that gave up or couldn't work due to family emergencies. You add those in and I bet 20 percent or more that have been without a job for 2 years that would like one.