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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-11 07:39 PM
Original message
An uncertain future after jobless benefits expire
An uncertain future after jobless benefits expire

More than two years after Meyers lost his job as a Las Vegas Strip bartender and nearly eight months after he exhausted his unemployment benefits, it has come to this: a careful inventory of a life's possessions and the hopeless embrace of a future as a middle-aged homeless man.

"I can't believe this is happening to my life," Meyers, 55, said on a recent afternoon, as he surveyed the one-bedroom apartment he must soon abandon. "It's a social holocaust."

Meyers, who is single and childless, is among a growing number of men and women who no longer qualify for unemployment benefits because they have been out of work for so long.

"Exhaustees" or "99ers" — as they are sometimes called — are searching for work and help across the United States. But their situation seems particularly bleak in Nevada, where unemployment, bankruptcies and foreclosure rates are the highest in the nation and job creation is at a crawl. The "99er" moniker refers to those who've gone beyond the maximum weeks of benefits available, but many people don't qualify for the full 99-week period.

http://news.yahoo.com/s/ap/20110129/ap_on_re_us/us_expired_benefits_nevada_unemployment


---------------------------

Meanwhile, it is the FEDERAL RESERVE -- a private bank -- deciding our economic futures and

questions about employment!!

Evidently, just too much of a strain for our government to actually debate and discuss these

issues OPENLY and let the public see their positions on these issues?

Seems it suits our Congress, elected officials -- and the private banks -- to pass it on to

the Fed. And, of course, they've been doing this for decades!



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Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-11 08:42 PM
Response to Original message
1. I warned people about this when TARP came
The big businesses realize they can get their money directly from the Treasury. They're working on how to get that on a regular basis at the moment.

Why should they care if there's no employment and no economy? They can make money without workers now.

Welcome to the brave new world of...illusion?
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-11 09:37 PM
Response to Reply #1
4. Yes, bailouts led to this and..
to more global speculation in commodities.. which created the rampant inflation that has fueled instability around the globe. This was pretty easy to see coming, along with the upcoming sovereign defaults.

Banks were never going to lend that money to us to restart our economy. We already had too much debt. They were always going to go back to their old ways unless we stopped them, which we didn't.

The corporations now own the people who control our currency. They don't need to work hard or take any risks to make money these days. They can gamble and game financial markets, and when they fail, again, they will pass their losses on to us, again.
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-11 08:48 PM
Response to Original message
2. Keep hanging in there..
-Joe Biden
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Fla_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-11 09:00 PM
Response to Original message
3. Didn't I see a post here today to the effect of...
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