The economic body blows just keep raining down. According to today's Forbes:
The number of Americans who applied for unemployment benefits for the first time hit a 16-year high last week, pushing the rolling herd of jobless citizens receiving this type of government aid to its highest level in 26 years.
Most Americans have not shared in the benefits of the last eight years of growth economy, as job creation stagnated and real wages fell. Now, with our economy in a full-blown recession and the housing and financial sectors melting down, everyday Americans are hurting more than ever, and many homeowners are underwater. NDN has long argued that we must keep the focus on everyday people. As part of this effort, policy makers should embrace the growing momentum behind NDN’s proposal to keep people in their homes.
And while Congress has indicated that it will wait until President-elect Barack Obama takes office before it attempts to pass an economic package, NDN continues to argue that any proposal must be a stimulus for the long run.
For more on NDN's economic work, commentary and arguments, please click here.
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