Obama has created an unemployment problem that's why!
So now he wants to fix what he created?
If George W. Bush had reduced your retirement plan's holdings of GM stock by 90% and given the unions a majority stake in GM, would you have approved?
If so you were approving exactly what you and many other American portfolio's received, losses!
People matter and the unemployment benefits will be permanent this time, ie. millions of more welfare recipients at a time where revenues can't support this.
Or extended at least till 2012 so that Obama can win their vote and then lose the election to Palin!
Plus there is no incentive for some unemployed people to work now, as they can live in free homes and collect 1200/month sitting at home watching cable!
There shall be more job losses to come when Obama lets the Bush tax cuts expire and he start implementing new taxes on business. He doesn't have to, but he just will and it is so predictable.
The liberal Nobel Prize winner (Krugman) said, "Given the latest GDP number, the date at which we can expect to see a return to full employment is … never."
http://krugman.blogs.nytimes.com/2009/11/24/gee-thats-de-pressing/
