by Arthur Seaton | December 13, 2013
The budget passed by the House yesterday didn’t include extensions for unemployment benefits for those who have been out of work long term, and with the House leaving town for the holidays, the Senate leadership said it will take up the matter when they return in January.
During a meeting at the White House with newly-elected mayors, President Obama said “You’ve got potentially 1.3 million people during Christmas time that are going to lose their unemployment benefits at a time when it’s still very difficult for a lot of folks to find a job.
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[/symple_column]The shame is, if it weren’t for Obama’s economic policy, more people would be employed today instead of depending on the unemployment checks state governments are having to dole out, putting the states in a deep financial bind.
Obama complained that 1.3 million people will potentially lose their unemployment benefits at a time when too many people are still out of work.
Instead of allowing the private sector to operate without overbearing regulations that make it impossible to hire more employees, the Obama administration has passed regulations that inhibit hiring and expansion.
Speaking of those who are out of work, Obama said, “If they don’t have the money to pay the rent and buy food for their families, that has an impact on demand for our businesses and what we know is a failure to extend unemployment benefits is going to have a drag on economic growth next year.”
The number of people on food stamps has nearly doubled since President Obama took office, but he still blames the economic turmoil on former President George W. Bush, who has been out of office for five years. The number of people who are on other types of government assistance programs has also hit all-time highs.