The Labor Department announced on Thursday that new jobless claims had reached their highest point since the Gulf Coast hurricanes in September 2005. For the week ending on March 29, jobless claims jumped by 38,000 to 407,000. Democratic presidential candidates Hillary Clinton and Barack Obama each released statements about the new numbers.
Hillary Clinton seems to be in a lot of trouble. Her campaign may be running out of steam. And eventually, money, as she simply cannot compete with Barack Obama in fundraising numbers. And almost day by day, it seems someone else is calling for her to get out of the race.
The Barack Obama fundraising juggernaut continued to roll along in March as he outraised Hillary Clinton by a 2 to 1 margin last month. The Obama campaign is reporting that they rose over $40 million, while Clinton is expected to have brought in around $20 million. More impressive than the amount of money raised is the number of donors that the campaign is attracting.
Since neither Democratic presidential candidate will win enough delegates to secure the party's nomination, party leaders like DNC chair Howard Dean and House Speaker Nancy Pelosi are turning are turning up the heat on the 300 or so undecided super delegates to make up their minds well before the Democratic convention in late August.
This week the Senate will move to reconsider the Foreclosure Prevention Act, which is a bill that would allow families who are facing foreclosure, due to increases in their adjustable rate mortgages, to stay in their homes. Today Senate Majority Leader Harry Reid (D-NV) and Sen. Chris Dodd (D-CT) held a press conference to discuss the bill.
The Republican National Committee (RNC) released a statement today criticizing Democratic presidential candidate Barack Obama for distorting John McCain's position on Iraq as wanting to stay there for 100 years. They claim that, "Obama is adopting the same old school political tactics he claims he opposes by distorting Sen. McCain's remarks for political advantage."
In this week's issue of Newsweek, Republican Presidential candidate John McCain tried to reassure voters about his position on a potential war with Iran. Michael Hirsh interviewed McCain and asked him if his Los Angeles speech last week was designed to quiet some voters' fears that he wants to lead the nation to war against Iran.
John Edwards gave his first public speech today since withdrawing from the Democratic race a couple of months ago. He had lots of nice things to say about both Hillary Clinton and Barack Obama, but dropped no hints about when or if his personal endorsement was coming. "I have a very high opinion of both of them.