The most formidable weapon against errors of every kind is reason. - Thomas Paine
Eric Lotke of OurFuture.org sets out to make sense of Obama's upcoming State-of-the-Union proposal. "Mostly, the new initiatives don’t create jobs. Doubling the child tax credit, limiting student loan payments to ten percent of income, expanding tax credits to match retirement savings – they’re just relief. They are designed to help underpaid or unemployed people to cope when they don’t have enough money. They don’t create jobs or generate wealth."
Read: Good Obama Middle Class Help. But What About Jobs?
Minimum Wage
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
The tea party want to abolish the minimum wage. Did YOU VOTE?
Survivor Graph of the Day
- New and Continuing UI Claims
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U.S. Jobless Rate
BLS Jobless Numbers
- 12.8 million - unemployed,
- 15.1%(U6) - out of work,
- 5.5 million (43%) 6 months or longer,
- 7.7 million "involuntary" partime workers,
- Over 4 million for a year, (WSJ)
- 2.0 million over 99 weeks, the 99ers!
- 4.7 jobless for every job. EPI
- 91,000 unemployed become 99ers every week.
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