U.S. Congress - H.R.5749 Emergency Extended Unemployment Compensation Act of 2008
H.R.5749 - Emergency Extended Unemployment Compensation Act of 2008
To provide for a program of emergency unemployment compensation. view all titles (5)
All Bill Titles
- Short: Emergency Extended Unemployment Compensation Act of 2008 as introduced.
- Short: Emergency Extended Unemployment Compensation Act of 2008 as reported to house.
- Official: To provide for a program of emergency unemployment compensation. as introduced.
- Popular: Emergency Extended Unemployment Compensation Act of 2008 as introduced.
- Short: Emergency Extended Unemployment Compensation Act of 2008 as passed house.
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I just called Nancy and she said to put my head between our legs and kiss any chance of the extension goodbye, did she tell anyone else that??
What a bunch of idiots we have on here this morning . I am CT and have been telling you for weeks now that these sons of bitches have been fudging and misrepresenting the U.I numbers .If they ever released the TRUE numbers we would have a civil war on our hands .They can`t pass u.i extensions because they know how much it would really cost .
The only thing that is gonna save us is November elections , these morons want our vote, that’s the only thing. This will pass.
Thats it… It isn’t about us, it’s about the posh lifestyles of our voted in public servants, They want to keep their jobs. UE OH
They don’t care about cost, never have. They want to stay in the Senate, Congress etc, they are only worried about themselves which will work in our favor.
At this point I do not care why it passes…..I am more concerned with keeping my home, and my vehicle…and feeding my kids.
I have made the calls again. Lets keep our fingers crossed.
DO YOU VOTE? IF SO CALL THE PEOPLE YOU VOTED FOR , THEY WILL TAKE ACTION, THEY WANT YOU TO VOTE FOR THEM AGAIN,,.
I’m sure Nancy Pelosi is gonna save the day, come on now people!!
Called Pelosi again and e-mailed please do the same.
Does anyone know when the ue is on the schedule ?
I just read the washington posts article and it said that in order for the hr5479 bill to pass, they will be “dropping” the unemployment part! They think this will get the democrats to vote for the war bill, once again the needy here in the states will get shafted for the “BigBoys” war. Any thoughts on this?
I sent emails to Ms. Pelosi and my state Reps. If Pelosi doesn’t do anything, there is nothing I can do, I live in Mich.
I did the same thing, yeaterdy and today. That is all we can do.
Mich
I think the little light blue puppy dog democrats, the ultra conservatives are the ones who want to kill this thing. An Ego problem with this little boy hood club. I think they should get out in a Man’s world and deal with some real issues.
They have no idea what is is like to struggle to get by. The get a great check.
We could find out where they all live and start setting up tent cities on their lawns, maybe they would get the point. Anyone have any spare tents????
That would probably get our point across. But we would also get arrested and I do not have bail money being I am unemployed.
Calm down, it’s the same newspaper reporting this, isn’t that odd? the washington post doesn’t know if we don’t ,who’s leaking the information? Nobody!!! just scare tactics at our expense, they think, I believe this is BS like last time. Scroll back a month or so You’ll see.
At least we wouldn’t have to worry where our next meal would come from. I hear some jails serve good food.
I think th Post is a Republican paper, hmmm trying to sway the vote!!!!!!!!!!!
dammit (the)
I think the New York times and the wall st. journal are democrat..
I’m gonna order up some of that Positive thinking again today, it worked so good yesterday, that would be nice..
vote them all out..
if you dont got the money to buy gas. the price of oil will come down (THINK ABOUT THIS)
the big pitcher the goverment has the control.
I’ve been trying to keep up and understand all the ins and outs of bills passing Congress/The President, etc. Did the President actually veto this? What about the 10-day rule without a vote?
I am from Michigan. I took a job at a homeless shelter. they needed a case manager to show their (clients as they are called) what resources are out there for them. well trying to find these people jobs was very stressful. The funding for resources were drying up and they shelter had to put a limit on the amount of time they could stay. Even temporary agencies are very selective. The next thing I know my job was cut so now I am unemployed. So if these blue dog democrats don’t think it is tough out there, go travel the country to these shelters, they are full of families that have lost everything. Families are broken up every day because of this economy. There are people that said if they had just a little more time they could have saved their home and family. It is a shame. There are people who dropped right out of the unemployment statistics, not thousands, but millions. The land of milk and honey, only in the story books. Show some compassion in congress and pass this extension UI benefits. There are people’s live’s literally at stake here.
Here is a artice just posted
Home foreclosures set record in first quarter By JEANNINE AVERSA, AP Economics Writer21 minutes ago
WASHINGTON – Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis’ mounting damage to homeowners and the economy.
The latest snapshot of the mortgage market showed that the proportion of mortgages that fell into foreclosure soared to 0.99 percent in the January-through-March period. That surpassed the previous high of 0.83 percent over the last three months in 2007.
The report by the Mortgage Bankers Association also found that more homeowners slipped behind on their monthly payments.
The delinquency rate jumped to 6.35 percent in the first quarter, compared with 5.82 percent for the three months earlier. Payments are considered delinquent if they are 30 or more days past due.
Both the rate of new foreclosures and late payments were the highest on record going back to 1979.
Jay Brinkmann, the association’s vice president of research and economics, told The Associated Press that the slump in house prices was the biggest factor for rising foreclosures and late payments.
With prices expected to keep dropping, foreclosures and late payments “are going to continue to go up” in the months ahead, he said.
Homeowners with tarnished credit who have subprime adjustable-rate loans took the hardest hits. Foreclosures and late payments for these borrowers also swelled to all-time highs in the first quarter.
The percentage of subprime adjustable-rate mortgages that started the foreclosure process climbed to 6.35 percent. The rate was 5.29 percent in fourth quarter, the previous high. Late payments rose to 22.07 percent from 20.02 percent, the previous high.
The association’s survey covers just over 45 million home loans.
More problems also cropped up with loans to more creditworthy borrowers.
The percentage of such loans falling into foreclosure was 0.54 percent, compared with 0.41 percent at the end of last year. Late payment rose to 3.71 percent, compared with 3.24 percent.
The numbers were higher for prime borrowers with adjustable rate mortgages. The proportion of those loans falling into foreclosures jumped to 1.55 percent from 1.06 percent. The delinquency rate rose to 6.78 percent, compared with 5.51 percent.
“The number one problem is the drop in home prices,” Brinkmann said. Declining prices, especially in newer built areas, “are hurting people’s ability to recover when they run into trouble — a divorce or loss of job,” he said. “In other days, you could sell the home. But because home prices have fallen so much, in many of those cases, the homes are going into foreclosure.”
California, Florida, Nevada and Arizona accounted for 89 percent of the total increase in new home foreclosures, he said. Those are places where prices have fallen sharply and there was a lot of home building, creating too much supply, Brinkmann said.
After a five-year boom, the housing market fell into a deep slump two years ago. That dragged down sales, and prices with it. As the value of homes plummeted, many newer homeowners found themselves owing more on their mortgages than their homes were worth.
Homeowners with adjustable-rate mortgages were clobbered when their initially low rates reset to much higher ones. That made it difficult, if not impossible, to keep up with monthly mortgage payments.
As foreclosures and late payments climbed, financial companies took multibillion losses when their investments in mortgage-backed securities soured. A credit crisis erupted and spread, crimping other types of financing. The fallout plunged Wall Street in turmoil, disrupting the normal functioning of markets.
All those troubles have pushed the economy to the brink of a recession, if the country isn’t already in one. Consumers and business have tightened their spending. Employers have cut more than a quarter-million jobs in the first four months of this year.
To bolster the economy, the Federal Reserve made aggressive interest rate cuts. That has helped homeowners facing rate resets on their adjustable-rate mortgages. But with inflation on the rise, Fed Chairman Ben Bernanke this week sent his strongest signal yet that the central bank’s rate-cutting campaign started that started in September is coming to an end.
The Bush administration has taken steps to help distressed homeowners. It has urged lenders to freeze rates for some homeowners and encouraged lenders to rework mortgage terms so troubled borrowers can stay in their homes.
A congressional plan that includes a foreclosure prevention program has stalled as lawmakers figure out how to pay for it.
The government would back as much as $300 billion in new loans to help certain borrowers refinance into cheaper, fixed-rate loans. Mortgage holders would have to agree to take a substantial loss on the existing loans; borrowers would have to show they could afford the new mortgage and share future proceeds with the government.
The House passed its version last month. Senate leaders say they want to vote by July.
Associated Press writer Julie Hirschfeld Davis contributed to this report.
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