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3.5 million new jobs. 90% of them will be in the private sector. the money is going to go out right away. it's going to go to shovel ready projects. every single one of those things is not true. who is he kidding? >> laura: karl, you are such a cynic. you don't know this is recovery summer. joe biden is doing this coast-to-coast tour. this is called recovery summer. uflly it's an unplugged tour. the economy is coming loose. he took a swipe kind of at you. go ahead. >> well, you know, joe biden, you know, they're going around doing these shovel ready projects. less than 4% of the 862 billion-do...

3.5 million new jobs. 90% of them will be in the private sector. the money is going to go out right away. it's going to go to shovel ready projects. every single one of those things is not true. who is he kidding? >> laura: karl, you are such a cynic. you don't know this is recovery summer. joe biden is doing this coast-to-coast tour. this is called recovery summer. uflly it's an unplugged tour. the economy is coming loose. he took a swipe kind of at you. go ahead. >> well, you know, joe biden, you know, they're going around doing these shovel ready projects. less than 4% of the 862 billion-do...

Picking up most of the seat. they could only come up with ten vulnerable house republicans. and the republicans in those district led by 16 points. both of these point towed a bad election year for the democrats. jon: president clinton was propelled in office on the strength of that war room sign is the economy stupid. the economy based on these jobs numbers today is not looking good right now. that can't be helpful for the president and his party. >> no, not only that, the president put all his chips on this stimulus bill, the $862 billion stimulus bill. as of this morning $415 billion of tha...

President and christina romer said, we have created 600,000 jobs in the private sector in the first six months of the year. something to be said for that. >> absolutely. but look, they credit their stimulus bill from having done so. if you look at recovery.org this morning, they spent $415 billion as of today of the $862 billion total. if you work the numbers, 600,000 jobs, paid for by the $415 billion. that is nearly -- $691,000, nearly $700,000 per job created. you and i both know the recovery has not stimulated job creation. entrepreneurs and risktakers are attempting to get ready for the f...

>> brian: the labor department just released the new unemployment figures. 472,000 jobless claims were filed last week. 20,000 more than expected. so when, if ever, can we expect the $862 billion stimulus plan to kick in and create new job as soon as joining us right now with analysis, john fun. the number higher than expected. nobody is happy about that. >> no. i think the signs are this recovery is fizzling out. ed in sadly, the stimulus package, which was on the slow release program, doesn't seem to be helping, but according to the president, it would be worse without it. >> well, remember,...