Unemployment benefits should be extended for humanitarian reasons, billionaire businessman Mort Zuckerman told CNBC Monday.
“There could be, God knows, how many several million families who could be without the compensation that comes from being unemployed. The job market is an absolute disaster for people like this," said Zuckerman, chair of Boston Propertiesand editor in chief of US News & World Report and the [New York] Daily News.
“For humanitarian reason, I absolutely support the extension of it [jobless benefits].”
Zuckerman also said that the American dream has vanished for many middle-class families, who are struggling to hold on to their homes and jobs.
“I think we’ve lost faith in our political system, and it’s a very serious matter because we don’t think they [the politicians] are addressing the issues. The absolute key issue for millions of Americanfamiliesis jobs.”