While everyone is celebrating the capture and death of Osama bin Laden, no one is watching the stove. The water isn’t boiling over. The pot is burning. I mean the economy. Weekly Initial Job Claims increased by 43,000 people. Total initial claims were 474,000 people and have not been this high since the week of August 28, 2010. (May 6, 2010: Unemployment rose from 8.8% to 9.0%). Home values in Los Angeles have continued to drop to ever lower levels. The Median price is now $325,000. That is more than 2% below last years March number. In 2007 the median home price was $560,000.
So I ask, what laws have been passed or what actions has the government taken to reverse the trend? NONE. The recent reduction in new job claims cannot be attributed to any government activity. Commodity prices have been driven up by speculators but there is no justification for the price increases. World demand doesn’t spike in just a few days or weeks.
Neither political party has a clue on ways to revive the economy. They know they have no ideas. Thus they march out diversions. It’s the budget issues, Planned Parenthood, the national debt, Medicare, or anything else that will divert your attention.
We need leaders with new ideas. Sadly none are on the horizon.
Coast Contact 
Republicans have blocked all efforts to bring outsourced jobs back to America and have not introduced any legislation that would create jobs.