Senate passes $10 billion jobless benefits measure

Originally posted by Walkswithfish

If they had taken some of the hundreds of billions of dollars wasted to bail out big corporations and financial institutions etc. and used it wisely they could have wiped out unemployment and put everyone willing and able into jobs with benefits.

Unfortunately, the entire U.S. economy and most of the world's was/is dependent on these big financial institutions. If the big banks had failed then all the little ones would have failed too, wiping out the entire assets and savings of millions of people. That's just one example.

The infusion of massive sums of money into the economy was necessary to keep the entire economy afloat.

Nobody likes or wants to support these greedy institutions.

An additional problem is the financial institutions that were bailed out are still not using enough of their money to lend to small businesses, homeowners, etc. The money is not "trickling down" as much or as fast as it should; but if the government leans on the financial institutions to do what they should be doing the Republicans will scream government interference.

You can't solve everything by tax cuts to the rich and cutting out government entitlements.