From the Washington Post:
A Post analysis found 45 of the 50 biggest U.S. companies turned a profit since March. The majority of firms cut staff and gave the bulk of profits to shareholders...
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Meanwhile, in the land of Mitch McConnell, a place where the common people have been bamboozled, over and over and over again, into voting against their own best interests, the unemployment insurance system is badly broken:
New Kentucky numbers on unemployment claims were as expected as the state saw more COVID-19 cases and stricter restrictions enforced by Gov. Andy Beshear.
According to the Labor Cabinet, total unresolved claims were 87,715 - a 14% jump from last week's total of 75,219 unresolved claims...
Why is this happening, you may be asking.
Well, you know...
After the 2008 recession revealed the weaknesses of the nation’s unemployment insurance systems, most states got to work upgrading their technology.
The need for such an overhaul was obvious, and the reason the federal government (of Barack Obama) set aside $7 billion in 2009 to modernize the nation’s unemployment systems.
Forty states took the free money. But Kentucky left it on the table.
The commonwealth missed out on a cool $90 million back then. But experts say the failure to bring Kentucky’s unemployment insurance system into the 21st century is costing Kentucky to this day...
{snip}
...“The problem is we keep prioritizing keeping business taxes low at the expense of dislocated workers and our economy when we hit hard times,” said Jason Bailey, executive director of the Kentucky Center for Economic Policy...
Gosh.
Perhaps things would change if Mr. Shatner really were to go to bat for the....Common People.
Why is this happening, you may be asking.
Well, you know...
After the 2008 recession revealed the weaknesses of the nation’s unemployment insurance systems, most states got to work upgrading their technology.
The need for such an overhaul was obvious, and the reason the federal government (of Barack Obama) set aside $7 billion in 2009 to modernize the nation’s unemployment systems.
Forty states took the free money. But Kentucky left it on the table.
The commonwealth missed out on a cool $90 million back then. But experts say the failure to bring Kentucky’s unemployment insurance system into the 21st century is costing Kentucky to this day...
{snip}
...“The problem is we keep prioritizing keeping business taxes low at the expense of dislocated workers and our economy when we hit hard times,” said Jason Bailey, executive director of the Kentucky Center for Economic Policy...
Gosh.
Perhaps things would change if Mr. Shatner really were to go to bat for the....Common People.
.
3 comments:
Apparently the soon to be pardoned Mr. Manafort is not a common person...
https://www.nbcnews.com/news/us-news/war-zone-prison-freed-paul-manafort-early-now-ravaged-covid-n1251783
Lew--
Well, ostrich jacket common, maybe...
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it doesn't matter how much McConnell and his type stomp on the voters of Kentucky, they just don't get it and they never will. Poverty is big in Kentucky and yet they still vote for a party which has never had their interests in mind or heart. You can't fix stupid. Perhaps a better education system might, but doubt if they have that either in Kentucky.
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