Monday, November 1, 2010

The Coming Wrath Of The 99ers

More and more Americans are now starting to fall off the 99 week cliff, and right before the holidays too.  That has prompted at least one state, Indiana, to increase security at unemployment offices...just in case.

Armed security guards will be on hand at 36 unemployment offices around Indiana in what state officials said is a step to improve safety and make branch security more consistent.

No specific incidents prompted the action, Department of Workforce Development spokesman Marc Lotter told 6News' Norman Cox
Lotter said the agency is merely being cautious with the approach of an early-December deadline when thousands of Indiana residents could see their unemployment benefits end after exhausting the maximum 99 weeks provided through multiple federal extension periods.
"Given the upcoming expiration of the federal extensions and the increased stress on some of the unemployed, we thought added security would provide an extra level of protection for our employees and clients," he said.

Just in case, you see.  Tyler Durden says you'll see more of this nationally.

As America reaches its two year anniversary from the immediate economic collapse that followed the Lehman bankruptcy, punctuated mostly by vast and broad layoffs across every industry, arguably the most relevant topic that few are so far discussing is the expiration of full 99 weeks of maximum claims (EUC + Extended Benefits) for cohort after cohort of laid off Americans.

And since these people are certainly not finding jobs in the broader labor market (which continues to contract and thus make the unemployment percentage far better optically than the 10%+ where U-3 should be), their next natural response will be to get very angry at the teat that has suckled them for so long, and is now forcing them to go cold turkey.

Which is why we read with little surprise that now in Indiana, and soon everywhere else, unemployment offices are starting to add armed security guards. Of course, the official explanation if a benign one: "Armed security guards will be on hand at 36 unemployment offices around Indiana in what state officials said is a step to improve safety and make branch security more consistent." Why the need to improve safety all of a sudden? The 99 weeks cliff of course.

More people will fall off this cliff as we move ahead, meaning our economy will continue to crumble along with foreclosuregate home prices.  Putting the GOP in charge so they can concentrate on getting rid of Obama will surely help Bob in Evansville get a job after two years...

5 comments:

  1. I can't wait to see how our Republican-led House responds to this unfolding crisis.

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  2. Bob in Evansville doesn't care. He's found a candidate who promised all the Bobs that

    He'll let them keep their guns.
    He'll make sure every knee bends at Jesus' name -- and he's a 'libertarian'.
    He'll make sure foreigners live in fear of us.
    From time to time he'll try to have some of them blown up.
    He'll make sure that that colored people, and those gays, know their place.
    He'll piss liberals off.

    In exchange Bob has promised to go hungry, and that his children will never see the inside of a college, because hate is quite nutritious, and college is for faggots. Bob is happy with his bargain.

    That's America.

    You could run and win in 1846 on that platform, or in 2010, or in 2050.

    That's what America has been pretty much since its inception.

    That's what We The People want, have wanted, will still want, when everyone on this internet has died of old age.

    2006 was an aberration, and 2008 was a miracle.

    ReplyDelete
  3. A little miracle now and then is necessary, Davis.

    On the balance of the whole, I still believe Americans are good, caring people that eventually do the right thing.

    The problem of course is the length of time that defines "eventually".

    ReplyDelete
  4. "On the balance of the whole, I still believe Americans are good, caring people that eventually do the right thing."

    You've been studying the Diary of Anne Frank for coping tips, haven't you?

    And you forgot Churchill's closer for his version of that statement: " - after they have exhausted all other possibilities."

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  5. I dunno.

    I do what I can. I have to believe that there's enough people out there who aren't complete assholes.

    ReplyDelete