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No Job Outrage

NoJobSurvivor.com is meant to be uplifting but occasionally something big or small, is so wrong it just makes us lose it. Some are recorded here with room for comment so you can let it out! Add a rant or start a thread in discussion and maybe we'll take up the cudgel and join in your vent.

 



Senators From States with High Unemployment Vote Against UI Extension Print E-mail
News and Comment - No Job Outrage
mitch

16 Senators From States With Double-Digit Jobless Rates Vote Against Extending Unemployment Benefits

All but 6 Republican Senators voted against the Unemployment Benefit Extension bill Wednesday, 16 of them from states with double digit unemployment. The national Unemployment rateU3 is 9.7%.

Who are they?

Read more...  [Senators From States with High Unemployment Vote Against UI Extension]
 
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Stewart Talks Bunning Print E-mail
News and Comment - No Job Outrage

bunningafterdarkEven for obstructionist republicans, Senator Bunning went beyond the pale Friday night, single-handedly blocking an emergency extension of unemployment benefits for millions of Americans, throwing government workers out of jobs and holding up millions of dollars of reconstruction projects.

Can Kentuckians wait until the next election to get someone new?

Here is The Daily Show's take on the miserable millionaire.

Read more...  [Stewart Talks Bunning]
 
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Congress Bought and Sold Print E-mail
News and Comment - No Job Outrage

The US Supreme Court Turned Back the Political Clock Today

Vanderbilt and the railroad trustsWashington DC January 21, 2010 Today's US Supreme Court decision returns US Politics to the wild and woolly days before Teddy Roosevelt broke the trusts over a hundred years ago.

An already big business beholden congress gets an even bigger financial boost with today's bitterly divided court decision. The Supreme Court ruled big business can spend its millions to directly support or oppose candidates for president and Congress, a decision that sharply reverses a century-long trend to limit the political influence of corporations and labor unions. It remakes the political landscape just as crucial midterm election campaigns are getting under way.

The court, in a 5-4 split, overturned two earlier decisions and threw out parts of a 63-year-old law that said companies and unions can be prohibited from using money from their general treasuries to produce and run their own campaign ads. The decision threatens similar limits imposed by 24 states.

The continued behavior of Congress and especially the Senate of ignoring the will of the majority of the people, blocking or watering down critical healthcare and financial reform legislation is now guaranteed.

Shame on the Robert's court.

Read more from Politico.com, NYTimes and Obama's response.

 
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Goldman Sachs CEO, The Financial Times Man of the Year Print E-mail
News and Comment - No Job Outrage

Goldman Sachs CEO Lloyd Blankfein has been named Person of the Year by the Financial Times.

Nojobsurvivor.com view the bank as indicative of exactly what is wrong with Wall Street. Indeed, Blankfein himself apologized last month for Goldman Sachs' role in the financial crisis and had the gall to claim he was doing God's work. And Goldman Sachs's trading practices are currently under investigation by the federal government.

Yet the Financial Times further illustrates Wall Street's blinkered view of the world by completely ignoring Goldman's role on the financial meltdown and Wall Street's quest for profits that disregard the social and macro-economic costs. After all the taxpayer will bail them out again if they trip in their race for foul profit. According to the Financial Times:

The investment bank "not only navigated the 2008 global financial crisis better than others on Wall Street," the paper writes, "but is set to make record profits, and pay up to $23BN in bonuses to its 31,700 staff."  Ed: By the way, that works out to nearly $750,000 per employee.

 

Read more...  [Goldman Sachs CEO, The Financial Times Man of the Year]
 
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Bayh Makes A Mint Out Of Blocking Healthcare Competition Print E-mail
News and Comment - No Job Outrage

Who's paying to block healthcare reform and specifically any competition to big Health Insurance? We know big Health Insurance  and Big Pharma has been paying off our congress and senate with huge payments to their lets get re-elected funds.  But the blatant outrageousness of Senator Evan Bayh, a leader in blocking effective healthcare reform,  takes the prize. Bayh has acted against the wishes of his electors and enriched himself, or rather his wife. They have benefitted from the large rise in healthcare stock value over the last six weeks, possibility to the tune of $125,000 to $250,000.

Salon blogger Glenn Greenwald zooms:

Just to put this boon to health insurance stocks in perspective: according [to] an Indianapolis Star article from June, Evan Bayh's wife, Susan, "owns from $500,001 to $1 million in employee stock in WellPoint, the Indianapolis-based insurance giant on whose board she sits." That would mean that the value of her personal holdings in that one health insurance company alone, in the last six weeks alone (since [Senator Joseph] Lieberman and her husband began menacing the public option), would have increased by a value of between $125,000 and $250,000. As part of the bonanza of health care industry board positions she magically received since her husband became a Senator, Susan Bayh is given a quarter-million dollars each year in stocks and stock options from Wellpoint. That's just a microcosm for considering how well Obama's so-called "special interests" have done as a result of this health care bill.

 

How does Bayh's new found wealth sit with you, struggling to make ends meet on unemployment benefits, if you are lucky? The bigger question is will Iniana voters remember Bayh's selfishness come election time.
 
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