On the jobs front, the Labor Department said initial claims for unemployment insurance fell to a seasonally adjusted 550,000 from an upwardly revised 576,000 in the previous week. The number of people continuing to receive benefits fell by 159,000 to nearly 6.1 million, the lowest level since early April.

via The Associated Press: Trade, jobless claims figures show recession fades.

Us American’s really appreciate the fact that now for 35 months straight new jobless claims have top 500,000 mark.   At this rate another 2 years from now the rate might actually dip below the half a million mark.  Usually people look at the the results of their work to determine if they’re doing any good.  Not American politicians they look at the words they speak if they say loosing 500,000 jobs is  a good thing then it is a good thing.  So, hooray only 500,000 jobs were lost this month.

Yet, I don’t feel happy? And why do I get an ominous feeling?

The report said that a $5.4 billion portion of the $10.5 billion owed by Chrysler is “highly unlikely” to be repaid, while full recovery of the $50 billion sunk into GM would require the company’s stock to reach unprecedented heights.

via U.S. ‘Unlikely’ to Recoup Auto Outlay, Panel Finds – washingtonpost.com.

Like…DUH! I said this back as soon as it happened.  Obama said he would get a 19,000%+ return on his funds (in five years).  As an expert investor myself who knows how to get above average returns I knew that Obama was lying through his teeth and called him on it here.  Foolishness and more foolishness from those that believed the auto bailout was a good thing!  I wonder how much more money will be sunk here when GM is unable to recover even from with the $50 billion?  It’s no surprise when the government spends money usually bad things happen.

“Barack Obama is on track to have the most spectacularly failed presidency since Woodrow Wilson.”

I must agree Obama is going down in flames.  Four years from now when his ignorance on so much has stood the test of time he will be voted out.  History will hold him in a dark light indeed as a pawn of the far left bent on moving America to a socialist, transnationalist country that operates on standards of moral relativism.  As he is holding the Bush legacy to the fire on interrogations we as a nation should hold him to the fire for his traitorous views of this country when he deems to stab us in the back verbably with his foreign policy or steals our jobs and money for his and his parties power hungry elite.  The American Thinker puts it right when they say…

“It’s not so much that he’s a phony, knows nothing about economics, is historically illiterate, and woefully small minded for the size of the task– all contributory of course.  It’s that he’s not one of us. And whatever he is, his profile is fuzzy and devoid of content, like a cardboard cutout made from delaminated corrugated paper. Moreover, he doesn’t command our respect and is unable to appeal to our own common sense. His notions of right and wrong are repugnant and how things work just don’t add up. They are not existential. His descriptions of the world we live in don’t make sense and don’t correspond with our experience.”