Peter Marichi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Federal liability will be. they may be loaning somebody $500,000 on a house that's worth $400,000 or $300,000 or $200,000. there will be no way of tallying up. all we'll know is what the borrower says it might be worth on a loan application. likewise, no income checks, what if someone owes $300,000 and the family has an income of $80,000 a year and it was based on overtime and things of that nature and they lost it and over the last three months, they've been using the atm machine to make their payments. all that is required is that right now, they're up to date. it doesn't ask how they manage...

The same thing happened in june. private businesses hired 71,000 people last month. that's the number president obama focused on. >> we added private sector jobs every month this year instead of losing them as we did for the first zen monseven months of la, and that's a good sign. joining us is peter marichi. the president is trying to spin this month's jobs report as a sign the economy is recovering. is that fair? >> it's not fair at all. i mean, the private sector added 51,000 jobs at the peak of stimulus spendling, the public sector subtracted 59,000. overall, if you take out the census wor...