A Little on the Economy and Jobless Claims

Great video about the number of jobs lost under the Pelosi-Reid Congress since 2007:



By the way:

• Initial jobless claims today jumped to their highest level in almost 6 months.
• The Department of Housing and Urban Development have begun issuing emergency $50,000 loans at zero interest to unemployed homeowners in an attempt to stall foreclosures, using $1 billion of Porkulus funds for the effort and $2 billion from the same source for indirect aid through state governments.
• foreclosure seizures have increased by 6% over last year
• Home foreclosures are spreading in areas that didn't have problems before, like in the Northwest and Midwest
• The US bailout of financial institutions, and in particular AIG, wound up rescuing foreign firms, according to a new report from the Congressional Oversight Panel.
• That $26.1 Billion Jobs package for public servants?  There's already waste and abuse, reported a day after its passage.  States that don't need the money are recieving it.

But this is the "Recovery Summer"!!