Caution in Washington despite decline in unemployment

Improvement in unemployment brings caution as well as cheer

Do not waste your time just get a degree in Health care admin and find work.

Graduates of Class of 2008, now the Spring Semester's 2009's

(R) 2012 DAN QUAYLE Presidential ECONOMICS: Those Obama’s fans of Graduates of Class of 2008 are still have not depart from their parents' home and meals yet, after December 18th, there are another Spring Semester’s Graduates of Class of 2009 are seeking for real-world life. The 2013 US President DAN QUAYLE’s White House will fund Federal Budget to UPGRADE one xyz State University’s 4-year Pre-Med program to a Medical School within a 1,000-room university hospital built in EACH state nationwide. That will create at least thousands jobs and “careers” for American working-class outside the city-limit. Texas A&M University-Commerce’s 4-year Pre-Med undergraduate will be chosen to UPGRADE to A&M-C Medical School and will be merged with the WALTER REED Army Medical Center combined to a full facilities 1,000-room univeresity hospital within the 1) Health And Physical Education for Injuries and handicapped, Kinesiology and Applied Anatomy, Nutrition, Acupressure, Acupuncture, and more; 2) Psychology... Of course (IU Alumni) 2013 US President DAN QUAYLE’s and Marilyn Tucker Quayle’s Indiana University’s 4-year Pre-Med is going to UPGRADE to Medical School as well; we will contract with GE (General Electric Company) to supply GE Medical Equipments to each xyz State University’s Medical School and university hospital as same facilities as in University of California-San Francisco (UCSF) hospital, but MORE and modern. That will be a lots of GE employment later on.
** Before we say so long to Year of 2009, in here we are please to CONGRATULATE the 2012 DAN QUAYLE Presidency has been winning 28 Electoral Votes from New Jersey (15 votes) and Virginia (13 votes) to put a “red” on the 2012 Electoral Votes map.

Knowing the current situation of our economy is very crucial. We have to be vigilant as to secure jobs. I hope for a very soon recovery from recession.


______________________

Improvement in unemployment brings caution as well as cheer

I would trust big insurance and big business before government. No matter what president they put us deepoer in debt and pass stupid laws and ignore what people want. Would you run your finance in your house the way government does?

Obama workin' on it...
;)
House approves $154 Billion jobs package
December 16, 2009: The House Wednesday overwhelmingly approved extending the filing deadline for unemployment benefits and the COBRA health coverage subsidy through the end of February.

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Later, the House narrowly approved a $154 billion job creation package that would provide funding for infrastructure projects and keep teachers and emergency personnel on the job. Congress has been rushing to extend the filing deadline for the safety net benefits before lawmakers leave for winter recess. As it stands now, the deadline to apply for federally paid unemployment benefits and for the 65% insurance subsidy is Dec. 31.

The measure, part of a defense spending bill that passed by a 395-to-34 vote, would also maintain the stimulus-funded $25 boost in unemployment benefits through February and provide more money for food stamps. The cost: roughly $13 billion, to be paid for by the federal government.

Congress last month passed a record-long extension of federally paid benefits, but the law only helps those who exhaust their lifelines by year’s end. So while unemployment benefits now run as long as 99 weeks, depending on the state, not everyone will receive checks for that long a stretch.

Those who run out of their 26 weeks of state-paid coverage in 2010 would not be able to apply for federal benefits unless there’s an extension. The jobless currently receiving extended federal benefits, which are divided into tiers, would stop getting checks once they complete their tier.

[url=http://money.cnn.com/2009/12/16/news/economy/unemployment_and_jobs/index.htm?section=money_mostpopular&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_mostpopular+%28Most+Popular%29:
MORE[/url]

Bad time to be laid off at Christmas...
:eek:
US Jobless Claims Rise
17 December 2009 - The number of Americans signing up for unemployment compensation rose slightly, as the nation’s economic recovery proceeds on a bumpy and uneven pace.

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While jobless claims mostly have been declining in recent months, a report Thursday from the Labor Department shows an increase of 7,000 to 480,000.

The U.S. jobless rate is at 10 percent, and unemployment concerns prompted the U.S. House of Representatives to approve a new $154 billion aid program on Wednesday. The bill passed by a five-vote margin, and still must be considered by the Senate and signed by the President before it becomes law. The House bill would extend unemployment benefits and fund a health insurance program for the unemployed.

It also includes almost $50 billion for infrastructure projects like roads and bridges, and more than $20 billion to help financially distressed states avoid laying off teachers and other key employees. Democrats say some of the funding will come from money first set aside for the Wall Street bailout. Republicans say that money should be used instead to cut the huge U.S. budget deficit.

[url:
http://www1.voanews.com/english/news/usa/US-Jobless-Claims-17DEC09 — 79530362.html[/url]

Advinty wrote: Would you run your finance in your house the way government does?

I think for a lot of people, that’s the problem...

... why else would they buy a sub-prime mortgage, knowing the payments would increase?
:confused:

Obama gonna fix it...
:cool:
Senate OKs filing extension for jobless
December 19, 2009: Jobless Americans will soon get two more months to file for unemployment benefits and the COBRA health coverage subsidy, under a bill passed by the Senate early Saturday morning.

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The measure, which was approved by the House on Wednesday, would extend the filing deadline through the end of February. The president is expected to sign the legislation soon. Without the legislation, one million jobless Americans will lose their benefits in January. As it stands now, the deadline to apply for federally paid unemployment benefits and for the 65% insurance subsidy is Dec. 31.

Congress has been rushing to extend the filing deadline for the safety-net benefits before lawmakers leave for winter recess. The measure, part of a defense spending bill, would also maintain the stimulus-funded $25 boost in unemployment benefits through February and provide more money for food stamps. The cost: roughly $13 billion and the federal government will foot the bill.

Last month, Congress passed a record-long extension of federally paid benefits, but the law only helps those who exhaust their lifelines by year’s end. So while unemployment benefits now run as long as 99 weeks, depending on the state, not everyone will receive checks for that long a stretch.

Those who run out of their 26 weeks of state-paid coverage in 2010 would not be able to apply for federal benefits unless there’s an extension. The jobless currently receiving extended federal benefits, which are divided into tiers, would stop getting checks once they complete their tier.

[url=http://money.cnn.com/2009/12/19/news/economy/unemployment_and_jobs/index.htm?section=money_mostpopular&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_mostpopular+%28Most+Popular%29:
How your state stacks up[/url]

Many Jobless Don’t Qualify for Cobra...
:mad:
Despite Subsidy, Cobra’s Bite Still Stings for Many
DECEMBER 29, 2009 - Government Benefit for Uninsured Fails to Cover Rising Cost of Premiums; Unemployed Often Remain Ineligible for Program

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The government is expanding a massive safety net to help the unemployed buy health insurance, but millions of people can’t access the aid because of the way the program was designed. As a cornerstone of the economic stimulus plan, the administration of President Barack Obama allocated $25 billion to pay 65% of health-insurance premiums for workers laid off this year. Earlier this month, Congress extended the program for people laid off through February 2010 and expanded the aid to 15 months from nine.

But the program is eluding many people in need. That is because it is tied to the narrow parameters of Cobra, the Consolidated Omnibus Budget Reconciliation Act of 1985, which President Ronald Reagan signed into law to help people cope during layoffs. Cobra requires companies with more than 20 employees that already offer group health insurance to continue the insurance for former employees for up to 18 months. But insurance costs under Cobra have gotten so expensive that many people can’t afford even their unsubsidized 35% portion. Meanwhile, millions of workers don’t qualify for Cobra in the first place, because the law doesn’t cover the self-employed or those working for companies that abruptly shut down or are too small, or those who didn’t offer health insurance to begin with. The subsidy also is off-limits to individuals who have been unemployed the longest; only those laid off since October 2008 are eligible.

Despite the gaps, the administration says the program is helping. “This is a vast improvement over what was in place before when there were no subsidies at all," says Jason Furman, deputy assistant to President Obama for economic policy. “But this is not the president’s long-term health reform — this is a short-term response to a major economic crisis." The Cobra subsidy is part of the nation’s uneven unemployment safety net. Like unemployment checks, retraining and other benefits, which vary wildly depending on factors such as geography, the Cobra subsidy has created a lopsided system of haves and have-nots.

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http://online.wsj.com/article/SB126204429939308069.html?mod=rss_economy[/url]