A proposal by House Republicans to roll back the maximum duration of unemployment benefits from 99 weeks to 59 passed the House by 234 to 193. If such a plan also passes the Senate, that would be politically ideal for President Obama, says Forbes.
Reducing the amount of time people can collect unemployment benefits would clearly cut the unemployment rate below 8 percent by election time, greatly improving the President’s chances for re-election. Yet the President could nevertheless pretend not to appreciate this generous gift and instead castigate Republicans for being as cheap as Scrooge and as mean as the Grinch. From Obama’s point of view, that’s an ideal combination. Find out more.
[Thanks: BJS]
Reducing the amount of time people can collect unemployment benefits would clearly cut the unemployment rate below 8 percent by election time, greatly improving the President’s chances for re-election. Yet the President could nevertheless pretend not to appreciate this generous gift and instead castigate Republicans for being as cheap as Scrooge and as mean as the Grinch. From Obama’s point of view, that’s an ideal combination. Find out more.
[Thanks: BJS]