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Senate Passes Jobless Aid, Business Tax Breaks

shumer The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.

The 62-36 vote came over protests from conservatives who say the bill adds too much to the $12.5 trillion national debt. Six Republicans joined all but one Democrat, Ben Nelson of Nebraska, in voting for the bill.

16 Republican Senators Vote AGAINST UI Extention

All but 6 Republican Senators voted against the Unemployment Benefits Extension Bill Wednesday -- 16 of them from states with double digit unemployment.  Here are the 16 Republican who voted against your bare minimum safety-net.

MORE REPUBLICAN NUMBSKULLS ON PARADE: Former House Majority Leader Tom Delay says, "Unemployment benefits keeps people from going and finding jobs."

 

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U.S. Jobless Rate

U3U6 unemployment graph feb10

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GOP Plans To Kill Heath Care Reform Print E-mail
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Seantor Judd Gregg Republican Judd Gregg of New Hampshire admitted, during a press conference that he was trying to stir up doubts among Democrats on reconciliation... through immigration, gun rights and abortion as a means of forcing uncomfortable votes.
 
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What If Senator Kyl, (R-Az) Had to Live Soley On Unemployment Benefits? Print E-mail
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Republican Senator Kyl says, "unemployment compensation is a disincentive for (laid-off workers) to seek new work." Hmm, wonder how long it would take him to start looking if he had to live off Arizona's maximum weekly UI pittance of $240. (Might not even cover his air conditioning bill.)
 
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GOP Senators From States with High Unemployment Vote AGAINST UI Extension Print E-mail
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mitch

All but 6 Republican Senators voted against the Unemployment Benefits Extension Bill Wednesday -- 16 of them from states with double digit unemployment. The National Unemployment rateU3 is 9.7%.

Here are the 16 Republican Senators who voted against your safety-net:


SENATORS STATE UNEMPLOYMENT RATE
Sens. Jeff Sessions and Richard Shelby Alabama 11.1%
Sen. George LeMieux Florida 11.9%
Sens. Saxby Chambliss and Johnny Isakson Georgia 10.4%
Sen. Dick Lugar Indiana 11.1%
Sens. Jim Bunning and Mitch McConnell Kentucky 10.7%
Sens. Thad Cochran and Roger Wicker Mississippi 10.9%
Sen. John Ensign Nevada 13.0%
Sen. Richard Burr North Carolina 11.1%
Sens. Jim DeMint and Lindsey Graham South Carolina 12.6%
Sens. Lamar Alexander and Bob Corker Tennessee 10.7%

 

Senators Kit Bond (R-MO), Olympia Snowe (R-ME), Susan Collins (R-ME), Lisa Murkowski (R-AK), George Voinivich (R-OH) and David Vitter (R-LA) joined all of the Democrats except Sen. Ben Nelson (D-NE) in voting for the measure.

 
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New Jobless Claims Update - Down 6,000 Print E-mail
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UI Claims Graph 6March10UPDATED March 11, 2010

The number of new applications for Unemployment Insurance dropped to 462,000 by 6,000 from the previous week's revised figure of 468,000, in the week ending 6 March 2010, the US Department of Labor reported today.

The 4-week moving average was 475,500, an increase of 5,000 from the previous week's revised average of 470,500.

Insured unemployment ending the week February 27 increased from the adjusted preceding week of  4,521,000 by 37,000 to 4,558,000. The 4 week moving steadied at 4,581,000, no change from the preceding week's revised average of 4,581,000.

States reported 5,527,925 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending February 20, an decrease of 159,649 from the prior week.

Click here for a larger graph of unemployment claims.

Read more: New Jobless Claims Update - Down 6,000  [New Jobless Claims Update - Down 6,000]
 
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Senate Passes UI Extension Print E-mail
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WASHINGTON March 10, 2010 – UPDATE 

The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.

The bill was passed 63-36 with Six Republicans joining all but one Democrat, Ben Nelson of Nebraska, in voting for the bill.

EARLIER STORY:

Legislation extending unemployment insurance for the long-term jobless faces a key test vote in the Senate today, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year.

The Senate is considering S.Amdt.3336 an amendment to H.R.4213 - Tax Extenders Act of 2009 -  that will extend unemployment and COBRA benefits to the end of 2010. 

The measure also prevents doctors from absorbing a crippling cut in Medicare payments, extends health insurance subsidies for the unemployed and gives cash-starved states help with Medicaid, the federal-state program providing health care to the poor and disabled.

 
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Listen Up Kyl, Bunning and Delay, 9 Unemployed For Every Job Print E-mail
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Nine Jobseekers For Every Job

WASHNGTON 9 March, 2010 There were 2.7 million job openings on the last business day of January 2010, the U.S. Bureau of Labor Statistics reported today. Last Friday's jobs report showed 14.7 million out of work. Thats 5.4 unemployed people for each job. There are another 8.7 million with part time jobs that want fulltime work. Thats nearly 8.7 unemployed people for every open job.

As usual the dry and beaurocratese of the BLS report belies the the real pain and suffering resulting from the worst recession since the great depression of the 30's and totally ignored by the likes of Kyl, Bunning and Delay. 

There were 2.7 million job openings on the last business day of January 2010, the U.S. Bureau of Labor Statistics reported ... The job openings rate rose over the month to 2.1 percent, the highest therate has been since February 2009. The hires rate (3.1 percent) and the separations rate (3.2 percent) were unchanged in January. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry andgeographic region. This release also includes annual estimates forhires and separations.  The annual totals for hires and quits decreased in 2009 while the annual total for layoffs and discharges increased.
 
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Goldman Sachs Sued by Union Pension Fund Print E-mail
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Reuters: The International Brotherhood of Electric Workers fund filed a lawsuit seeking to recover money on behalf of other shareholders. It seeks to stop Goldman from allocating roughly 47% of '09 net revenue as compensation, saying such allocations "vastly overcompensate management and constitute corporate waste."

 
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