Black People : Bailout for the Criminal but no Bailout for theVictim?

Discussion in 'Black People Open Forum' started by Ankhur, May 29, 2010.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

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    The economic fiasco of the hedge fund and dervitive markets, as well as the subprime scandal, has literally dessimated many factorytowns and cities across thenation, disproptionately hurting the Black community,
    and the commiters of these ecoomiccrimes against African Americans are rewarded with bail outs that the victims grandchildren will still be paying, butwhile these same Black folks are seeing their unemployment run out while they desperately seekwork, and try to feed their families,


    seems like the folks are not worthy, or ar

    Not too big to Fail!



    May 29, 2010



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    Deficit Eclipses Jobs In Congress: 'Nickel-And-Diming The Most Fragile People'

    First Posted: 05-28-10 04:47 PM | Updated: 05-29-10 10:40 AM

    Late on Thursday evening, Democrats were arguing on the House floor over the size of a jobs bill that was two days overdue for a vote when word started to filter through the chamber that the Senate had adjourned and was leaving for the Memorial Day break. With no Senate, there could be no bill.

    "People were astounded. I mean stunned," said freshman Rep. Gerry Connolly (D-Va.). "We're in the midst of this debate and trying to find a path to doing the right thing and they went out on recess? Without addressing these issues? Some of which have deadlines? I mean, there are going to be unemployed Americans who will not have their unemployment extended."

    On June 1, several programs, including extended unemployment benefits, will expire. By the end of the week, 19,400 people will prematurely stop receiving checks, according to data from the Department of Labor. How long will it take the Senate to finish the bill? With Republicans promising to stand in the way, leadership will need to file at least one time-consuming "cloture" motion to break the filibuster and to set up a vote by the end of the week in the best-case scenario. By the end of the following week, the number of premature unemployment exhaustions will climb to 323,400. The week after that, 903,000. By the end of the month, 1.2 million.

    "But the numbers really don't tell the story," said Marc Katz of the National Association of State Workforce Agencies. "The states are going to get calls from very concerned claimants about what's going on, what's the outlook. That's the real story. And it puts claimants through real anguish. It's just terribly unfair to them."

    It will be the third time this year that lawmakers have allowed extended unemployment benefits to lapse, and the second time they've decided to leave town for recess fully knowing the lapse would cause panic and confusion among blameless layoff victims -- not to mention what Katz calls a "huge" administrative burden on state workforce agencies.

    But this is the first time the Democratic Party can't even half-plausibly blame the Republicans for the lapse. "This isn't being done because of Republicans, believe me. This is done because there's a group of us, we don't have a majority, but they listen," said Rep. Dutch Ruppersburger (D-Md.), who fought to shrink the size of the bill. "I think it's really symbolic. We have a very diverse party and the party has come together... This is a real victory for the moderates and the Blue Dogs and the freshmen, that our party leadership is working with us to let this happen."

    http://www.huffingtonpost.com/2010/05/28/deficit-eclipses-jobs-in_n_593914.html?view=print
     
  2. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    It a crime within itself and yes the victims are victimized even deeper and the wound
    will never heal what a depressing feeling people will face
     
  3. Ankhur

    Ankhur Well-Known Member MEMBER

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    the Creator will always send vibrtions to heal the hurt of the just,

    but this should make us look squarely at the imperative for our own internal security measures and insurance.
     
  4. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    I totally agree.
     
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