Jobless aid

Today the Senate has passed a $149 billion packaged aimed at aiding the jobless by providing unemployment benefits and tax cuts. The unemployed will still receive their benefits and healthcare subsidies until the end of 2010 while businesses will still be exempt from $25 billion worth of taxes. Although unemployment aid does not create new jobs, economists say "it is one of the most cost-effective ways to stimulate the economy because recipients spend the money quickly". Unfortunately, extending these benefits come at a high cost, about $70 billion, but Democrats are making job creation their number one priority.

Although this will cost us a lot now, I know that in the future it will be really beneficial. Unfortunately people want to see progress immediately, but with unemployment so high in the nation, it may take years to bring down the numbers.