guess what? last year was not the high water mark for foreclosures and this year, last year we had 2.8 million and this year we will have 3.2 million and next year the numbers are bigger, and if you looked at the cities, seattle looked like a huge jump, well it looks like a big move but it is because they did not have a big problem. shepard: the foreclosure work problem is fueling a lot of problems? reporter: not yet. so, when the foreclosure problem starts impacting this, what will it look like then? it will be worse because the foreclosure fiasco will make it worse, this is about unploit. that is what you are seeing. you are unemployed you cannot pay. you cannot keep your house without a job or income. shepard: gerri, 5:00 eastern. when it is 5:00 eastern, it is
at the public service level. they re attacking the stimulus every single day, that stimulus saved the jobs. now the stimulus is expiring. if you were president, what would you have done to get companies to start hiring again? well, the first thing i would have done is exactly what the president did. without the stimulus, the congressional budget office estimates that the unploit rate would be two points higher than it is today. it saved a lot of jobs. now it s expiring thanks in part to the republicans. we re seeing a loss of local jobs. the other thing i would do is i would change the tax code. the banks can make a lot of money by passing paper back and forth, credit defaults. that doesn t help anything except the banks. what we need is these big amounts of money in corporations and banks to be invested in things that create wealth. medical discoveries, infrastructure, thicks that create jobs and create real wealth and make things again in