Jul 13 2010

What are Obama and Congress Doing About Unemployment?

Feature Stories | Published 13 Jul 2010, 9:48 am | Comments Off on What are Obama and Congress Doing About Unemployment? -

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unemploymentThe Organization for Economic Cooperation and Development released unemployment data yesterday revealing that the US has more joblessness than the average industrialized nation. With the official figure hovering at around 9.5%, with census jobs ending for hundreds of thousands, and with Congress stalling on extending unemployment benefits, millions of Americans are in a precarious position. Despite rosy depictions of a recovering economy, there are still far more skilled people than jobs available, and in fact new jobs are not being created. As the Senate gets ready to pass a finance reform bill, the Obama administration is attempting to renew a tax credit for companies that hire unemployed workers.

GUEST: Les Leopold, author of The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity — and What We Can Do About It

Find out more at www.lootingofamerica.org.

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