Wednesday, September 1, 2010

Blame the Poor, Blame the State or Blame the Economics

Obama Urges Senate GOP to Pass $30 Billion Jobs Bill

In economic news, President Obama urged Senate Republicans Monday to stop blocking a jobs bill that would set up a $30 billion loan fund for small businesses.
President Obama: "The small business owners and the communities that rely on them, they don’t have time for political games. They shouldn’t have to wait any longer. In fact, just this morning, a story showed that small businesses have put hiring and expanding on hold while waiting for the Senate to act on this bill. Simply put, holding this bill hostage is directly detrimental to our economic growth. So I ask Senate Republicans to drop the blockade."

One in Six Americans Now Enrolled in Anti-Poverty Programs

USA Today reports one in six American are now enrolled in government anti-poverty programs due to the housing and job crisis. The number of Americans on Medicaid has reached more than 50 million, a 17 percent increase since December 2007. More than 40 million people receive food stamps—an increase of nearly 50 percent since the start of the economic crisis. And close to ten million receive unemployment insurance, nearly four times the number from 2007.

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