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Obama's Latest Stimulus: Handing Out Jobless Benefits To Striking Workers
Zero Hedge ^ | 8/25/11 | Tyler Durden

Posted on 08/25/2011 9:09:04 AM PDT by Nachum

One of the oddities that seemed out of whack in this morning's weekly Unemployment Claims update was the explanation for the spike in this week's receipents of government generosity: apparently it had to do with the BLS handing out weekly benefits checks to striking Verizon workers. We will repeat the key word from that sentence because it bears repeating: "striking." Now, we may be wrong here, but if one is striking, one is not u-n-e-m-p-l-o-y-e-d, and hence the US government should probably not be using taxpayer money to double pay such individuals who have singlehandedly decided to forgo pay in return for making a labor statement. Otherwise, it kinda kills the whole "sacrifice" thing. And, lo and behold, as it turns out, we are not wrong. From JP Morgan: "Striking workers are generally not eligible to receive unemployment insurance benefits, but it looks like about half of the total amount of striking workers filed claims over these two weeks to formally determine their eligibility." Generally... except when the administration is willing to hand out money to anything and everything with a pulse. After all, there is that massive $2.2 trillion Bank of America balance sheet that has to be funded. And with direct reserve funding already failed, as per QE1 and 2, the only other possible way is via deposit increases. Alas, by the time this money could possibly be saved, it has been spent 5 times, the other 4 hitting Bank of America's bad credit card receivables department.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: jobless; latest; obamas; stimulus; unemploymentbenefits; unionstrike; verizon; verizonstrike

1 posted on 08/25/2011 9:09:07 AM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 08/25/2011 9:09:54 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

This is incorrect. They filed, but their claims will be denied. If their claims are not denied, then there is a story. I have not seen any reports that check were actually cut.


3 posted on 08/25/2011 9:12:22 AM PDT by Tulane
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To: Nachum

amazing.

i thought unions had a fund of their own for strikes.


4 posted on 08/25/2011 9:12:36 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Nachum
A federally-subsidized labor union strike.

Who would have thunk it?

5 posted on 08/25/2011 9:13:25 AM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: Nachum

Well isn’t this interesting. the strikers filed for unemployment even though I guarantee you they knew and were told by the union they were not eligible.

I guess they wanted to see if the people at their state unemplpyment were too stupid

But his hurts 0dumbo even when it turns out they will be denied.

Yes there are unions funds for strikes and amazingly IF the union had not called off the strike the unions would have had to start paying the stikers next week


6 posted on 08/25/2011 9:17:35 AM PDT by RWGinger
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To: Tulane

That makes too much sense, although we can hope they are denied


7 posted on 08/25/2011 9:18:20 AM PDT by WhyisaTexasgirlinPA (Maxine Waters tells Tea Party to "go to hell" - no thanks, I have no desire to move to your district)
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To: E. Pluribus Unum

“A federally-subsidized labor union strike. “

Holder’s people? Nah, couldn’t be. n/s


8 posted on 08/25/2011 9:18:28 AM PDT by cameraeye (A happy kuffir!)
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To: cameraeye

Union bosses always tell striking workers to file for unemployment. It gets them off their back. But they never get any benefits.


9 posted on 08/25/2011 9:20:07 AM PDT by aimhigh
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To: Tulane

Just goes to show how dumb and entitled many of our citizens are. Refusing to go to work and expecting the gov’t to pay you to do so? What a concept!


10 posted on 08/25/2011 9:34:31 AM PDT by milwguy
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To: Nachum

This is more than corruption. This is a coup de’ tat by special interests and the extreme left.

Waiting to see which candidate mentions prison sentences...


11 posted on 08/25/2011 9:41:40 AM PDT by tarotsailor
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To: RWGinger
Well isn’t this interesting. the strikers filed for unemployment even though I guarantee you they knew and were told by the union they were not eligible.

Who says they filed? The AP?

The whole "unemployment skewed by the strike" meme is a total fabrication put out by the WH.

12 posted on 08/25/2011 9:49:15 AM PDT by NY.SS-Bar9
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To: neverdem; narses; SunkenCiv; SmithL; Nachum; NY.SS-Bar9

OK.

So that means we have the White House (you know, that “official” source of United States’ policies and regulations and enforcement and economic priorities ?) claiming loudly and in public that striking union members ARE RESPONSIBLE for the rise in unemployment figures BECAUSE they are deliberately doing something illegal to get money illegally from the public. Right?

But - the AP and the mainstream media ABCNNBCBS are both covering for the illegal activities of the union - almost regardless of whether the claims will be accepted - and I assure, YES, they will be accepted by the government union “workers” processing the illegal claims! Worse, if this IS the reason for the rise in unemployment, then the media is encouraging both lies (from the Obama regime) and the illegal activity from the union.


13 posted on 08/25/2011 10:28:31 AM PDT by Robert A. Cook, PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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To: NY.SS-Bar9

Who says they filed?
The Labor Dept
from the link
“The Department of Labor noted that the Verizon worker strike generated about 12,500 claims during the week ending August 13 and about 8,500 claims the week ending August 20 (not seasonally adjusted”

Did the strikers really file even though anyone but a idiot would know they don’t qualify?
it will be interesting to see how this plays out. If the strikers did file won’t the reduce the number once they are denied?


14 posted on 08/25/2011 10:33:58 AM PDT by RWGinger
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To: Nachum
Verizon should draw a hard line on this.

If Joe Smith filed for unemployment, I'd say he's no longer on strike, he's UNEMPLOYED (he must have quit).

When strike's over, Verizon should have the option to either rehire him at bottom of pay scale or let him go.

15 posted on 08/25/2011 10:36:42 AM PDT by ZOOKER ( Exploring the fine line between cynicism and outright depression)
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To: Nachum

Didn’t they go on strike because of the higher health care premiums DUE TO OBAMACARE? Well then, it would make perfect sense that they would get unemployment benefits in this bizzarro world that UhBummer is creating.


16 posted on 08/25/2011 10:48:19 AM PDT by BMCinSC
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To: milwguy

Just goes to show how dumb and entitled many of our citizens are. Refusing to go to work and expecting the gov’t to pay you to do so? What a concept!
______________

Amen.


17 posted on 08/25/2011 10:49:59 AM PDT by Tulane
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To: Nachum

Dems buying votes with tax money, plain and simple.


18 posted on 08/25/2011 11:39:17 AM PDT by mikey_hates_everything
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To: ken21

One of the reasons the union called off the strike when they did is because if it had gone on for another week, they would have been obligated to shell out 10M a week in strike benefits.


19 posted on 08/25/2011 11:39:31 AM PDT by JPG (Barry says he'll promise to save more later if he can spend more now. Black bus economics.)
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To: JPG

i see.


20 posted on 08/25/2011 12:39:53 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: RWGinger
Did the strikers really file even though anyone but a idiot would know they don’t qualify? it will be interesting to see how this plays out. If the strikers did file won’t the reduce the number once they are denied?

Just heard on local AM news that the administration is going to honor striking Verizon workers unemployment claims...

21 posted on 08/25/2011 3:02:58 PM PDT by Niteflyr ("The number one goal in life is to parent yourself" Carl Jung)
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To: Niteflyr
Just heard on local AM news that the administration is going to honor striking Verizon workers unemployment claims...

We're finished.

22 posted on 08/25/2011 3:04:00 PM PDT by dfwgator
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To: Niteflyr

That is simply horrid.
wonder if now that they are back at work they can collect back unemployment?

Someone, even BOR needs to cover this story.
can you imagine the outrage if millions knew union strikers got to collect unemployment?

what city are you in btw?


23 posted on 08/26/2011 11:56:02 AM PDT by RWGinger
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To: Niteflyr

Just heard on local AM news that the administration is going to honor striking Verizon workers unemployment claims...

Wait, it just occured to me that it is each state that handles the unemployment
that is why there are differences between what you can get in one state versus another
and the largest portion of unemployment tax that an employer pays goes to the state
a very small % is paid to the Fed

Plus I would imagine Verizon would fight this. before anyone can get unemployment a letter is sent to the employer and the employer either agrees or asks for a hearing.
most people don’t realize that it is actally the employers who fund the unemployment funds AND your % you, as ab enployer, pays goes up with each filing and issuing of unemployment checks

I don’t see verizon not fighting this


24 posted on 08/26/2011 12:00:59 PM PDT by RWGinger
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To: RWGinger
I don’t see verizon not fighting this

Very true...I had a drunk employer fire me and then when he sobered up he said I quit...and actually went to a hearing to decide if I was to get unemployment or not. I lost. :oP
So you'd think it would be in Verizon's interest to fight this...

25 posted on 08/26/2011 12:19:30 PM PDT by Niteflyr ("The number one goal in life is to parent yourself" Carl Jung)
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To: aimhigh
“Union bosses always tell striking workers to file for unemployment”

Wasn't told about that when we sent on strike. Glad for my $75 a week from the Teamsters. Then I joined the Navy...

26 posted on 08/26/2011 12:54:51 PM PDT by cameraeye (A happy kuffir!)
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To: Niteflyr

Nite
That sucks for you and I hope that employer gets his some day.

As I read further I found out that there are circumstances where strikers can get unemployment but in this case they would not qualify.

Still would anyone be surprised if 0dumbo tried to get it for them. that scym 0dumbo is going to need every vote he can buy or steal


27 posted on 08/26/2011 2:05:51 PM PDT by RWGinger
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To: RWGinger
Still would anyone be surprised if 0dumbo tried to get it for them. that scym 0dumbo is going to need every vote he can buy or steal

Exactly...:oP

28 posted on 08/26/2011 2:07:33 PM PDT by Niteflyr ("The number one goal in life is to parent yourself" Carl Jung)
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To: Robert A. Cook, PE; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks Robert A. Cook, PE.


29 posted on 08/26/2011 4:37:16 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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