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Friday, October 16, 2009

The Reports Are In!

The White House has released the figures for the jobs created or SAVED in the last nine months due to the Stimulus bill. The grand total is 30,000 jobs!

To put that nine month total in perspective, 39,300 Californian workers lost their jobs in the past MONTH!

The U.S. economy has been losing roughly 250,000 jobs a month and they want you to believe that 30,000 is important progress???

And now it gets worse. The White House says that these 30,000 in nine months show that the stimulus package is well on its way to creating 3,500,000 jobs by the end of the year. Good grief! Do they think none of us can add or subtract?

And now it is beginning to get really ugly. In the third quarter, there were 937,840 foreclosures on homes, a 23% increase over the third quarter 2008. At the beginning of the recession, most of the foreclosures were on toxic, liar loans, but now the most foreclosures are on fixed rate loans to people with good credit ratings, e.g., people who have lost their jobs.

No question, the worst is yet to come!

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