Meanwhile, Wall Street gets billions upon billions in bailouts, and corporate America sits on over a trillion dollars in cash, refusing to hire anybody.
WSWS:
More than three million unemployed workers will have lost jobless benefits by the end of this month. Some 2.5 million have already been cut off since the federal program for extending unemployment compensation beyond 26 weeks expired June 1.
An analysis published Thursday in USA Today estimated the number of those to be cut off by the end of July at 3 million. A separate study by the National Employment Law Project put the figure at 3.2 million.
Even if the long-delayed legislation is finally taken up July 20, the new date announced Wednesday by Senate Majority Leader Harry Reid, it would only authorize an extension of jobless benefits through the month of November. Once the congressional election is safely past, there is little doubt that both Democrats and Republicans will agree to terminate the extended benefits program altogether.
There is going to be major hell to pay.
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