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Opinion: Why don't the jobless get the same tapering touch as banks?

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“Quantitative easing.” It’s how the Federal Reserve dealt with the Great Recession. You know - “stimulus.”
 
“Shovel ready.” It’s the phrase used for money that is spent as soon as it is received. You know - “unemployment benefits.”
 
Neither program was intended to last indefinitely, but as the recession drags on, at least for most Americans, both became programs the economy counted on.
 
Bloomberg Businessweek compares the two programs and, setting aside the issue of morality, explains how a sharp, sudden exit from providing unemployment insurance from those who need it to survive will be as devastating a setback to the floundering recovery as suddenly yanking subsidies from corporations and banks.

Read more from Bloomberg Businessweek.

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