The high job-seekers to jobs-available ratio
8.10.2011 Leave a comment
What does this fact mean? First, it means that Congress must extend unemployment compensation eligibility beyond the 99 week term currently in place. Second, it means that Congress and the Executive must quickly produce a jobs program that reduces this ratio. Third, it means securing Social Security, Medicare and Medicaid against the work of the political and economic reactionaries. Fourth, it means the United States would be better served if it returned to something better than “welfare as we knew it.” Fifth, it means a return to stimulus politics. And sixth, it means making a national commitment to a green-friendly reindustrialization program.