Unemployment benefits extension will help revive the economy

People are wondering if there will be a tier V Or COBRA extension. Unemployment Extension Bill HR4213:: unemployment benefits extension will help revive the economy

Unemployment benefit extension bill has been signed and ratified from Senate and the Congress despite opposition from Republicans. But the propaganda against it continues unabated.

There are rumors being spread across the nation through blogs and other sources that this is the first step towards making the US a socialist nation that distributed the wealth among people.

But this is simply ridiculous.

A nation is expected to help its people in need the same way it helped large banks with precious tax payers money up to the tune of eight hundred billion dollars.

If a few hundred billion dollars can make the difference with millions of people’s life why others are getting angry and blaming the president.

A reader has rightly written saying, “Here are a few facts everyone here should be aware of: 1. You cannot simply use TARP money. The bill was written in such a way that they would have to rewrite the law to be able to use it. 2. TARP and the Stimulus money are deficit spending, semantics. 3. Your jobs aren’t being taxed away, they were incentivised away with two offshoring loopholes that the house is looking to extend. Directly responsible for 8+ million jobs being lost to offshoring when they dropped taxes tariffs to American Based companies receiving foreign goods. The intention was raw goods for us production, what happened is that it opened the way for companies such as Apple, IBM, Dell, HP, GE, Caterpiller and others including your government contractors, to base 10 percent of their workforce over here and ship 90 percent of their work overseas and still be treated as an American Based company. Apple alone has 25,000 production workers here in the US compared to the 250,000 workers overseas. And the price differential, it’s not as much as you think, it’s .20 on the dollar. It costs 80 cents per dollar to produce an item offshore. Would you have had an issue paying $20 more a unit on your overpriced technological barbie? (you know the iphone) The Congress wants you to think the technical bubble has burst, that’s why the jobs have gone away. Look around you, everyone is getting a new cell phone, computer, television, appliance the bubble isn’t gone, your Congress was paid by corporations to let them take your jobs overseas. Your government contract money isn’t being spent in the US it’s being spent in China, Brazil, Inida, Poland, Germany… Your IRS forms are being processed overseas. But yeah, don’t pay attention to that. Argue about how lazy the americans are. Agree with the congress when they say “we have no idea how to fix jobs except give money to corporations (it’s been done, it’s not working with these loopholes in place), blame the illegal aliens, even though the people taking your jobs are perfectly legal citizens of other countries. You just go ahead and believe that, Congress is happy that you do. After all 4213 had a provision to close these loopholes, and corporations started pulling money from Democratic campaigns and shouting this Administration hates big business the second that bill came on the floor. What disgusts me is that people here are so busy blaming the unemployed they can’t stop a minute to ask their senators to do something that makes such common sense as to close the door our jobs are leaking out of and close down the H1 visas.”