Which Way, L.A.?
Labor Day, Unemployment and Obama's Jobs Plan
On this rebroadcast of of Labor Day's To the Point, we hear about President Obama's upcoming speech, Republicans' likely responses and what it's like to be unemployed. It's all about jobs...
By Warren Olney • • 51m ListenOn this Labor Day rebroadcast of To the Point, we hear about President Obama's upcoming speech, Republicans' likely responses and what it's like to be unemployed. It's all about jobs. Also, the US files mortgage lawsuits against Bank of America and 16 other major banks.
Banner image: Large crowds of people attend a job fair hosted by NASA July 26, 2011 in Cape Canaveral, Florida. Photo by Roberto Gonzalez/Getty Images
In this episode
2 storiesWhere Are the New Jobs?
On this Labor Day, with unemployment seemingly stuck at 9 percent, all eyes are on Washington, which the Gallop Poll finds more confident about the economy than the rest of America. Last month, the economy created no new jobs at all , and 14 million people are out of work. The unemployed don't stand in lines anymore.
Read the story1 minUS Files Mortgage Lawsuits against BofA, 16 Other Banks
Late Friday, the Federal Housing Finance Agency sued 17 of the nation's biggest banks , including Bank of America, Citigroup and Goldman Sachs, are banks that received TARP bailouts during the Bush and Obama Administrations. Ironically, the suit itself could mean more bailout money for the same institutions.
Read the story1 min
