Obamas top priority this year is to pass the Trans Pacific Trade Agreement.
Obama knows this agreement will kills many US Jobs. He does not try to hide this fact. He can't wait to do it.
Republicans pretend they will stop this trade agreement but they will not stop it because Republicans LOVE killing US jobs just as much as the Democrats.
Obama knows that once you lose your job (to his trade agreement) IF you should find another job it will probably pay you less money. You don't need to worry though because Obama wants to set up new unemployment insurance "Scheme" to help you adjust to your new poorer lifestyle.
After 7 years of telling you he will fix the economy.....Telling you he will fix the dying middle class........ his final solution is more unemployment insurance. Inspiring......
President Obama will include a new wage insurance scheme in his budget next month that would provide supplemental payments to workers who lose their jobs and end up taking new ones at lower salaries.
The wage insurance payments could temporarily cushion the financial blow to displaced middle-class workers, including those hurt by free trade, globalization.
(NOTICE FREE TRADE NEVER HURTS THE UPPER CLASS. JUST THE MIDDLE CLASS GETS HAMMERED. THE MONEY THAT USED TO GO TO THE MIDDLE CLASS WILL BE REDISTRIBUTED TO THE UPPER CLASS. OBAMA FULLY SUPPORTS THIS AS DO THE REPUBLICANS.)
The president’s budget proposal will also include new protections for others who lose their jobs and training plans to help them get back to work quickly.
(ONCE YOU LEARN HOW TO PUT FRIES IN THE FRY COOKER YOU WILL BE ON YOUR WAY.)
The White House said Saturday that the wage insurance plan would replace half of a worker’s lost wages, up to $10,000 over two years, for those earning up to $50,000 a year.
(SO CORPORATE AMERICA KILLS US MIDDLE CLASS JOBS AND POCKETS THE MONEY FOR THEMSELVES. THE US TAX PAYER COVERS THE DIFFERENCE. THE MONEY WILL BE TACKED ONTO THE NATIONAL DEBT WHICH YOU AND YOUR KIDS WILL PAY FOR LATER WHEN THEY CUT YOUR SOCIAL SECURITY. YOU LOSE ON THE FRONT END AND THEN YOU LOSE AGAIN ON THE BACK END.GREAT ISN'T IT?)
Many economists have backed wage insurance as a way to address falling incomes among the middle class
(THESE ARE THE SAME ECONOMISTS WHO SAID FREE TRADE IS A GREAT THING AND WILL HELP THE ECONOMY.)