Based on financial data released this week, U.S. jobless claims and foreclosures have surged in America, painfully illustrating the financial crisis that began in 2008, is ongoing, as government remedies have failed to stem losses and fix the problem. U.S. foreclosures also set another record.

The financial health of Uncle Sam

A report this week also revealed, President Obama's mortgage relief program wasted billions in taxpayer money and produced very little positive results. Something similar transpired with Obama's jobs program.

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US Foreclosure Filings Rise 16% as Bank Seizures Set Record

Watchdog Group: Obama's Mortgage Aid Plan Wastes Billions