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President Bush Extends Jobless Benefits

2008_11_joblessclaims.jpgRight before leaving for his trip to Peru for the Asia-Pacific Economic Cooperation forum, President Bush signed an extension of jobless benefits that will allow "millions of laid-off workers will keep getting their unemployment checks as the year-end holidays approach," according to the AP. Bush warmed up to the idea of extending benefits as the economy continued to sour and jobless claims kept growing. The House had passed the bill in October and the Senate passed it yesterday; then it had to be rushed to the White House for Bush to approve. House Speaker Nancy Pelosi said, "With more Americans filing jobless claims than at any time since the 1992, the Senate's passage of the House's unemployment insurance extension legislation will help speed relief to more than 2 million workers who continue to search for new jobs in these difficult economic times." AP graph of jobless claims for the past 13 months

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Comments [rss]

  • Future Taliban

    The American economy is like a headless chicken running around woefully ignorant of the fact that it is actually dead.

    Cock-a-tootle to you, MF's

  • Leon Freilich

    BOTTOM'S DOWN

    Standard & Poor's index of 500 stocks has many

    Swimming in Coors

    For the bellweather indicator is becoming

    Poor & Poor's.

  • grandzu

    another reason it sucks to be a freelancer.

  • Bottomless Chips

    Here comes New Deal 2.0...

    UGH

  • Shinobi Shaw

    At some point there won't be *any* money for jobless benefits in the near future and *that* is when the mob will get angry.

  • r1b2

    Good news for the $405 club

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