Thousands Face Job Loss When Part of Stimulus Act Expires

[t0dd]

Source: NYT

Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act: a $1 billion New Deal-style program that directly paid the salaries of unemployed people so they could get jobs in government, at nonprofit organizations and at many small businesses.

In rural Perry County, Tenn., the program helped pay for roughly 400 new jobs in the public and private sectors. But in a county of 7,600 people, those jobs had a big impact: they reduced Perry County’s unemployment rate to less than 14 percent this August, from the Depression-like levels of more than 25 percent that it hit last year after its biggest employer, an auto parts factory, moved to Mexico.

If the stimulus program ends on schedule next week, Perry County officials said, an estimated 300 people there will lose their jobs — the equivalent of another factory closing.

“It’s very scary, because there’s just no work,” said Brian Davis, a 36-year-old father of four, who got a stimulus-subsidized job with the City of Lobelville after he lost his job of 17 years at an auto parts plant that shed hundreds of jobs. Now he faces the prospect of unemployment again.

“This was a huge help,” Mr. Davis said. “The way the economy’s been and the way people are struggling, you’re worried about putting food on the table for your children and keeping the electricity on.”

Read more: http://www.nytimes.com/2010/09/26/us/26stimulus.html?_r=1&hp

[Francesca9]

1. The factory closing is the real problem

Now the problem is what to do about it.

[madrchsod]

4. fair and equal trade between china and the usa...

[Name removed]

2. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[Moostache]

3. Would that be "real" America you tool?

REDACTED WHEN REPLY WAS DELETED....sorry, I should know better than to acknowledge the trolls...my bad!

[2Design]

5. tenn is a red state - why waste money there - give to people who will vote dem n/t

[t0dd]

6. Disgusting. I guess because a state typically votes for Republicans

then all people of that state deserve to suffer and should be deprived vital government funding to feed their families? What brilliant fucking logic.

[MannyGoldstein]

7. Chill, it's cool.

No bankers harmed - no worries.

[Techn0Girl]

8. One week to Go ? It's dead meat :(

Remember when Congress refused to extend unemployment benefits last July and went on a two week vacation?
Remember when they did it 3 months before that ... and then again in December of '09?


I guess the working class just isn't too big to fail

[Mikeystyle]

9. GOP stimulus love fest exposed

Despite their public condemnations of the economic stimulus plan approved last year, hundreds of Republican officials have been discovered holding secret crushes on this legislation, also known as the American Recovery and Reinvestment Act.

The plan was approved with near-unanimous opposition from Republican lawmakers, yet interviews with Republican staffers, leaked documents and even public statements indicate that members of the GOP have been gushing over the stimulus since its inception.

Hints of a Republican love affair with the stimulus surfaced last week when a notebook owned by House Minority Leader John Boehner (R-Ohio) was found in the hallway outside his Congressional office.

“Oh Stimulus, I watch you all the time from my desk and in the hallway but you don’t seem to know I’m alive. I’ve handed out the big checks that you made to my constituents and taken credit for your success, but you just don’t seem to notice,” one of the passages read. “I know you’ve created jobs in my state and in my district but I just can’t bear to admit it. Why can’t other legislation be just like you.”

(continued….)
http://www.thechicagodope.com/2010/10/04/gop-stimulus-love-fest-exposed/

[taught_me_patience]

10. This is the #1 reason why Keynsian stimulus doesn't work in long run growth

It almost never lasts long enough to create permanent jobs.