A Tier 5 unemployment extension and benefits for jobless Americans is necessary to stimulate the economy, yet when Obama delivered his economic address yesterday he made no indication that he was ready, willing, or even able to extend unemployment.
Of course, there was lots of talk about keeping taxes low for the middle class, and also plenty of blame put on the previous Republican administration. However, we have been under the Obama administration for nearly two years, and things aren’t yet looking up.
That’s not to say that the president doesn’t care about the unemployed – I think he does. However, with the mid-term elections coming up, he cannot afford to lose many democrats. John Boehner, the Republican Minority Leader, has even spoke out saying that Obama needs to FIRE his economic advisors.
If the Republicans gain control of the house, Boehner will likely be the speaker of the House, the post held by Nancy Pelosi. This means that Obama needs to make an attractive agenda – and fast.
It’s sad, but the Tier 5 unemployment extension isn’t really on the forefront of politicians minds. They don’t really seem to care about the issues on main street, they care about keeping their golden parachutes and cushy jobs. Without the unemployment extension, many Americans are out of luck in a time where help isneeded more than ever.