Friday, March 12, 2004

Greenspan on the campaign trail 

Supports extending unemployment benefits.

"I think considering the possibility of extending unemployment benefits is not a bad idea," Greenspan said in response to questioning at a hearing of the House Committee on Education and the Workforce. He added that he has supported such extensions before "in times like this."

What times would those be? Well..

The average length of unemployment grew to 20.3 weeks in February -- the highest in more than 20 years -- from 19.8 weeks the month before, the Labor Department reported a week ago. Nationally, job growth essentially stalled over the past three months.

More than 80,000 people are exhausting their state jobless benefits each week,
(via WaPo)

Lucky duckies!

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