Oil hitting new highs, jobless claims jump

The GOP special interests are really crushing the American middle class. In just a few weeks the cost of petroleum has skyrocketed out of control, from already out of control numbers and today the futures are over $90 per barrel. Add to that the continuing housing issues that had previously carried the economy plus the credit crunch and you have a real problem. Don't expect Bush to lift a finger to alleviate any the the pain that the middle class is experiencing, though do expect some sort of massive action to help out old friends and GOP special interests. It wasn't that long ago when the GOP wanted to give even more welfare to Big Oil, despite their already gaudy numbers.

While the GOP might not be able to help Big Oil, keep a close watch on how they treat the old boy network on Wall Street. The problems with the mortgage crunch have been out there for a while but it's only since the multi-billion dollar write downs that Paulson and Bush have shown any interest. Yesterday we had a very significant jump in jobless claims though the GOP could care less, expect for those poor Wall Street guys. For the rest of us, tough luck.