Unemployment rose to 9.8% two weeks ago. There have been 3 million home foreclosures so far in this meltdown with another 11 million in the pipeline. 11 MILLION. That's 15 million families about to lose their homes. With these foreclosures come another wave of job losses, more business downturns which will lead to another round of both home and commercial real estate foreclosures.
Like all other deals that Obama has 'negotiated', he just completed another NAFTA-like trade deal, this time with S. Korea. This is bad for the American people -- More Americans' job will be moving overseas.
99ers (millions of unemployed) aren't covered in this deal.
Of the 6 million people currently receiving unemployment benefits, Obama's deal covers only 2 million, & many of them will get crumbs from his deal -- In spite of the 13-month extension, benefits will be cut off for many of those in the coming months when they reach 99-weeks. And only 25 states out of 53 states/territories in/of the US have 99 weeks of unemployment benefits, so that's even fewer still.
This is an absolutely wretched deal, but standard for Obama, who has a long record of negotiating lousy deals on ordinary citizens' behalf. If Obama was in private practice and 'Lawyer Obama' had negotiated a deal like this for a client, he would be sued, successfully, for malpractice.
The purpose of this deal is so that political operatives can say on websites like this one, "Obama helped the unemployed", and most won't know the actual facts of how Obama sold out the American people. Again.
The more we see of Obama in action, the more 'deals' he makes, the more people realize what a fraud Obama is, and a continuation of the cruel policies of Bush-Cheney. We need another FDR, and all we're getting are words reframing Obama's deals with the GOP to lead us to believe we're really getting great deals..
Read the Article at HuffingtonPost
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