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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.

 



Middle Class Losing Their Employer Supplied Health Insurance Print E-mail
News and Comment - No Job Outrage

3 million middle-income earners lost their employer supplied health insurance from 2000 to 2008.

Health_InsuranceJust 66 percent of people in families earning roughly $45,000 to $85,000 are now insured through their employer—a drop of seven percentage points from 2000 to 2008. According to a report published this month by the Robert Wood Johnson Foundation/State Health Access Data Assistance Center.

Employer-sponsored insurance (ESI) has long been the mainstay of health coverage for middle-class families, who typically do not qualify for government insurance programs. Among middle-income Americans, only about half of the decline in employer-sponsored coverage from 2000 to 2008 was offset by government insurance programs. For people who earned less money, declines in ESI were even steeper, but those numbers were mostly offset by increases in coverage through government insurance programs like Medicaid.

The middle class is also seeing their Health Insurance premiums rise 3 times faster than wages and now averages $13,375 per year, according to the Kaiser Family Foundation.

 

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