We spent kazillions of dollars and people are STILL out of work.
Weekly Jobless Claims Post Surprise Jump, Hit 500,000 - CNBC
"New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, government data showed on Thursday, yet another setback to the frail economic recovery.
Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended Aug. 14, the highest since mid-November, the Labor Department said."
One way to judge the economic scene is to drive down a major road. Yesterday I drove east on Rt. 64 here in the western suburbs. Time after time I saw empty stores in mini-malls--Charlestown Mall in St. Charles is a ghost town--lots of empty former "big box" locations--big commercial buildings that used to hold thriving businesses are empty. Things are pretty bad folks and they are not getting better.
Here's another story to show how tough times are: Foreclosure numbers stun Kane committee: 3,880 and counting for this year
