More than 40% of the nearly five million Americans who receive unemployment insurance are set to lose those benefits if federal programs expire as scheduled at year-end. Of course, if Obama and congressional Republicans agree a Grand Bargain to stave off the auserity bomb, those same unemployed are still likely to lose their benefits in the face of conservative howling for tax breaks and the apparent fact that Obama just doesn’t care.
It’s because of funding time bombs like this that Obama’s self-created crisis may end up screwing the long-term unemployed. That’s what happens when you give into Republican extortionists, and the fatal mistake is assuming they’re going to negotiate good faith. Obama should have taken Clinton’s advice, asserted executive power under the Constitution and told them all to kiss his ass. But of course he didn’t.
Thus and always – and you’ll be told it’s good for you by people who know better but continue to try to convince you the plutocrats will finally be nice to you if you just give them one more concession.