The Financial Landscape: Are the Unemployed Against Their Benefits?

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A roundup of news from around the world of finance:

• The New York Times has found some unemployed people to argue against an extension of jobless benefits: "In a recent survey of the unemployed by Rutgers University, more than one in four respondents was opposed to renewing the current extended unemployment benefits. Three out of five said recipients should be required to take training courses." Says one out-of-work man: "I don't want the federal government giving me an incentive not to work, period... My personal opinion is, you're supposed to go find work, and if you can't find it in the business that you were once in, be it a C.E.O. or a street sweeper, you have to find employment and your lifestyle has to change, so be it."

• U.S. stocks were up after Labor Department numbers "showed employers added more payrolls than forecast in September." Payroll increases were revised up for August and July as well. Later in the day, the gains faded on European downgrades.

• Census Bureau data show the biggest decline in home ownership since the Great Depression.

• Speaking after the announcement of some Bernanke-style quantitative easing, the governor of the Bank of England says the world is facing the worst financial crisis in history.

• Finally Bloomberg reports that "global investors" favor Mitt Romney over all other presidential candidates, although they are "cool to the Republican field in general." The numbers are close: out of Republican contenders, Romney gets the nod from 1 in 5 investors, and he beats Obama 37% to 34%. (Among U.S. investors, Romney beats Obama 60% to 16%.)

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19 Comments

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savemycountry911

Crazy is crazy. Stay out of California. They are giving illegals every benefit that citizens get. Isn't Ca. broke enough?

October 10 2011 at 4:44 PM Report abuse +1 rate up rate down Reply
gmydogbud

The American People are hurting, big time. Nancy Pelose is a Multi Millionaire (ONE HUNDRED MILLION Worth), YET - She Takes a salary + perks, a new airplane, which she demanded YET, she had a special law passed so that she does not have to pay those who work for her in her - off shore - fish packing company, the minimum wage! Heard that this super committee the President has set-up, has Lobbyists and former Lobbyists working for them. The American People Need to hire Lobbyists to Represent them, since those they put in office to do just that - WON'T !!

October 10 2011 at 7:44 AM Report abuse +1 rate up rate down Reply
Somebody

With a deflating money supply, bubble level salaries and prices cannot be sustained. Google for "DEFLATIONARY CRASH" to understand the deflationary forces in the economy. The debt load of the economy is too much. It cannot carry the burden of servicing excessive debt. Nothing has been fixed. Debt was the problem to begin with and we have more of it now.

October 10 2011 at 3:55 AM Report abuse rate up rate down Reply
stylz2k69

My mortgage payment just increased another $100 per month because of property tax increases in New Jersey. My property taxes have doubled last 6 years. How can anyone afford to own a home these days.? Many senior citizens who have worked all their lives to pay off their home mortgage are out in the streets because their retirement money is not enough to pay their property taxes. Something is wrong here.

October 09 2011 at 7:18 PM Report abuse +1 rate up rate down Reply
milofilomay

I thought all the tax breaks were to create jobs? Bush tax break is over 10 yrs old ? State to state county to county anmd city to city across this country have given tax break after tax break ! Where are all them jobs at ? Can any republican ot tea bagger answer that question? I would like just one person that thinks tax breaks create jobs show just one? Lets see the SCOTUS has said that companies are people and money is free speach ? LOL OK i have yet to see that inm the US constitution? LOL Its no where in there ? I read it and not a word on that ? LOL Well this is the USA land of the free ? HOME of the truly stupid! ............

October 09 2011 at 2:58 PM Report abuse +2 rate up rate down Reply
wwas3434

It has been the greed of Wall Street and the Greed of the politicians we have elected that put us in the worst economic situation since the Great Depression. If it is the case and we have lost more and fewer own homes then why do we not refer to our current situation as the Great Depression

October 08 2011 at 8:17 AM Report abuse +3 rate up rate down Reply
savemycountry911

Obama has turned unemployment benefits into another welfare program.

October 07 2011 at 2:42 PM Report abuse +1 rate up rate down Reply
2 replies to savemycountry911's comment
dabrownman

It has always been a welfare program. Now it is a 48 week entitlement.,

October 07 2011 at 4:03 PM Report abuse rate up rate down Reply
michelebachmann8

JUST THINK IF WE HAD A REPUBLICAN PRESIDENT, THERE WOULD BE NO UNEMPLOYMENT BENEFITS. THE POVERTY RATE WOULD BE MUCH HIGHER THAN IT IS NOW.

October 10 2011 at 9:37 AM Report abuse rate up rate down Reply
1 reply to michelebachmann8's comment
savemycountry911

Translation: Gimme, gimme, gimme, gimme.................Comrad.

October 10 2011 at 4:45 PM Report abuse +1 rate up rate down
bravo8222

My taxes and insurance this year are more than my Mortgage payment. How long can this last????

October 07 2011 at 1:36 PM Report abuse +6 rate up rate down Reply
Greg

This article is absurd. Anyone collecting unemployment benefits who can't find a job would love an extension. Now, I don't know how the questions were worded, but if it was "Would you prefer an extension of benefits or would you prefer that the government pay for your school so that you can learn a new skill and get a better job?" I can certainly see that many people would say, "School so that I can get a better job," given that choice.

I'm not sure who is responsible for this representation of the survey, the NYTIMES, Rutgers University, or the author of this article. But to slant something like this is, well, is regular reporting and that's why we all need to ensure we review several news sources.

October 07 2011 at 1:05 PM Report abuse +1 rate up rate down Reply
dabrownman

The percentage of home ownership still has to decline a couple of more points for it to hit its natural average. The historic average of those who can afford homes before the Socialist lefties in congress forced banks to loan money to their voters to buy homes even though they lied about their income, bought a home that was way too expensive, had no jobs, had no down payments and could not make payments regardless of the low ball interest rates. These people cause the housing and financial crash when they defaulted on their loans blaming everyone but themselves.

If they would have made their payments, that they promised to do when they took out their loan, like everyone else did, non of this would have happened. But they are not like everyone else and could care less if you got hurt because it was all your fault anyway - becsue you are ones that are evil, hateful and as a result you deserve to have your ill gotten financial gains that you mistakenly thought you worked and sacrificed so hard for, confiscated and turned over to those that really deserve it - the ones that didn't make their payments or sacrifice anything. They are out there on Wall Street protesting right now doing their best to take what is yours away from you and Democrats and President have called out their Union thugs to make it happen,

October 07 2011 at 12:01 PM Report abuse +4 rate up rate down Reply
2 replies to dabrownman's comment
milofilomay

With all the tax money bailouts to wall street i guess wall street is a socialist entity now and they have paid none back ! 180 billion just to AIG but yet your mouth does not run on that ? LOL Another FOX news drone.

October 09 2011 at 3:04 PM Report abuse +1 rate up rate down Reply
1 reply to milofilomay's comment
milofilomay

thats to the brown woman Ewwww... I hate brown .

October 09 2011 at 3:05 PM Report abuse rate up rate down
rjhuttel

<<>>

Got any proof these are the same people? I'd like to see it.

October 19 2011 at 5:17 PM Report abuse rate up rate down Reply