Economics and Investing:

Some impeccable logic from Vice President Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

From Greg C.: Foreclosures at record high in first half 2009 despite aid

Frequent content contributor Karen H. sent the following items:

Port of Long Beach imports down 28.4%

Foreclosures rise 15% in the first half of 2009

Dem health RX a Poi$on Pill in NY – Terrifying 57% Tax looms for biggest earners.

Social Security spends $700,000 on Phoenix Conference

Industrial Production down 13.6%

Map of Hardest Hit Regions of Unemployment in the U.K.

CIT moving toward bankruptcy.

Verleger Sees $20 Oil this Year on ‘Devastating’ Glut “Crude oil will collapse to $20 a barrel this year as the recession takes a deeper toll on fuel demand, according to academic and former U.S. government adviser Philip Verleger.”

Items from The Economatrix:s

Food Prices Falling on US Stores

The five latest failures: Bank of Wyoming Failed (#53), First Piedmont Bank (#54), BankFirst (#55), Vinyard Bank (#56), and Temecula Valley Bank (#57). Gee, and we’ve been told that Wyoming was one of the states hurt the least by the recession…

Bankruptcy Filings Up 33% Over Past 12 Months