Since Both Parties Are Committed to a Race to the Bottom,

it is no surprise some half-million people are now out of extended UI, not to mention people like me who exhausted it months or even a couple of years ago:

Emergency federal unemployment benefits have been initiated in numerous previous recessions, but they were never cut off when the unemployment rate was as high as it is now. The closest was in 1985, when unemployment stood at 7.2 percent. Now, the unemployment rate is much higher, at 8.3 percent.

But that only tells part of the story. In 1985, the average duration of unemployment was around 15 weeks. Now, it is 38.8 weeks.

Currently 40 percent of the jobless population have been out of work for six months or longer, while 30 percent have been unemployed for a year or more. Prior to the present recession, the highest-ever recorded percentage of people out of work for more than 6 months was 26 percent.

The expiration of extended unemployment benefits—which will mean poverty and outright destitution for millions of people—is part of the bipartisan assault on the social position of working class.

In the ruthless calculations of the financial oligarchy, the elimination of unemployment benefits for most of the jobless population will make the unemployed even more desperate for work, accepting poverty wages and third-world working conditions. This, in turn, will swell corporate profits and the pockets of the cabal of multi-millionaires that dominate political life.

The problem with that, of course, is that nobody will be able to buy the products these crooks are selling and therefore there will be no more "profits" to earn. People in third world countries also have a far lower cost of living there than in the U.S.

These idiots are so obsessed with their selfish short-term goals they don't even look at the obvious truth.