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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.
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News and Comment -
No Job Outrage
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3 million middle-income earners lost their employer supplied health insurance from 2000 to 2008.
Just 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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News and Comment -
No Job Outrage
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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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News and Comment -
No Job Outrage
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Even 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.
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Read more... [Stewart Talks Bunning]
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News and Comment -
No Job Outrage
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The US Supreme Court Turned Back the Political Clock Today
Washington 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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News and Comment -
No Job Outrage
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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.
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Read more... [Goldman Sachs CEO, The Financial Times Man of the Year]
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