Archive for December, 2009

December 1, 2009

Worker, Homeownership, and Business Assistance Act of 2009

The Worker, Homeownership, and Business Assistance Act of 2009 was recently passed into a law to be taken into effect as early as December 1 of 2009. In this bill are the parameters to bring forth a solution to the current economic downsizing that has been witnessed in the approach of addressing the specifics of the work place, allocating tax credits of first time homebuyers, and extending the employment law guideline to the small business work place as the effort to account for a national approach to health care is implemented.

This bill currently expresses a specific concern of states that have an unemployment rate of 8.5 percent or higher. Why?

In October, 29 states reported increases in unemployment mainly to be viewed as a lack of industrial and tourism industries on an economic assumption. Regionally, the western states of the nation are suffering the most defined and harshest conditions of the current unemployment crisis. Making it harder to totally evaluate the dynamics as to how to truly alleviate the wide spread increase in unemployment on a national level.

As we await the release from the Department of Labor for the November assumptions, it maybe concluded that we are more over anticipating another quarter of increased unadjusted unemployment through-out the nation. A bad sign approaching the current holiday season where the spending projections have the nation suffering another major quarterly loss. How can we afford to influence the economy with spending and tax credits if the continual assumption already anticipates losses?

This might be a reason why an approach towards the small businesses is expressed in this bill as well. Employment Law as a current assumption addresses the recent and important changes in employment laws that may affect small businesses, including the increase in the federal minimum wage as well as including safety, health, and nondiscrimination policies. Drawing the assumption that expresses the emphasis towards resolving the lack of attention taken to personal gain and values of those amongst all aspects of the American work force. Soundly, as a nation, this sort of direction is needed as the specific venues of Labor and work force practices have adjusted the economic assumption of individuals amongst this down-trodden society.

So what is the real approach to be considered as a sound reasonable approach to help decrease this nations rising unemployment? To keep trying failed attempts to stimulate a negative economy with bail-out packages and continual stimulus incentives or to take a leap and inspire the smaller portion of this nations struggling work and labor market? What ever it is, as of now it has amounted to the Worker, Homeownership, and Business Assistance Act of 2009.