The total jobless Americans could grow to 1.6 million relatively soon, further compounding the economic problems that surrounds unemployment. For instance, new home sales dropped to an 8 year low. The reason that many Americans have shied away from buying a home is because of fears of getting laid off. Without a potential 99 weeks of benefits, getting unemployed could be a fast track to foreclosure.
As the number of unemployed grow, benefits will be more and more important for the continued economic (and political) success in America. Of course, there are arguments for both sides of the fence.
This November, expect unemployment to be a hot issue. Those who denied the unemployment extension may have a fast track out of Washington into the job market just like their constituents. Expect Obama to get bonus points in the minds of many if he passes an extension via an executive order. The passage of this bill will be very interesting.
Those who are unemployed and need the extension should contact their state representatives to let them know you need the extension. Speaking your mind is the only way to make true "change."