Good for Jim McDermott

lambert's picture

Bloomberg:

The stimulus legislation would revamp the 74-year-old U.S. unemployment compensation program by encouraging states to give benefits to those who quit their jobs to care for ailing relatives.

The provision, sponsored by Representative Jim McDermott, is in the $789 billion compromise reached by House and Senate negotiators.

Of course, the parasites in the Village hate it:

“It’s fundamentally at odds with the basic tenets of unemployment insurance: temporary cash payments for people who lose their job though no fault of their own,” said Douglas Holmes, president of UWC-Strategic Services on Unemployment and Workers Compensation, a Washington-based group that represents employers. “Unemployment insurance is not public assistance, it’s not a family support program, it’s not food stamps.”

Translation: Our business model is about to be fucked. What a shame.

UPDATE Chris Bowers has a fine summary. I think the bill nets out unfavorably, but it's important to look at the positive side of the ledger.

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