Unemployment Extension July 20, 2010 vote results: The US Senate has spoken. The unemployment extension bill passes with a vote of 60-40. President Obama will next sign it maybe tomorrow. The bill will aid 2.5 Million unemployed Americans.
Republicans in the Senate, along with Nebraska Democrat Ben Nelson, had blocked the bill. Maine Republicans Olympia Snowe and Susan Collins joined Democrats in breaking the filibuster.
With the U.S. unemployment rate still at 9.3% for May 2010 I’m feeling definitly frantic. Also because where I live in Alabama is 10.3%. I’m not so sure The government can turn this around quick enough to help our citizens.
I just do not fully understand how jobs are going to be developed when countless United States businesses are taking their money in China. Take General Electric as an example. Their current initiatives to manufacture jet engines for the Chinese can lead to them giving over their designs for their engines. Another organization, Yum Brands, is earning over 50% of its profits from outside America. Unless trade policies are modified, more job losses is unavoidable.