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Wednesday, November 3, 2010

Glenn Beck Program, November 2, 2010

Glenn recapped a bit of recent history.
  • The 9/12 Project
  • TEA Parties
  • 8/12 Rally

He pointed out how far everyone has come in the last two years.

A recent poll reported that 75% of respondents viewed government badly and only 25% viewed it as well.  This is the highest number for any mid-term election.

Since the Stimulus was passed…

  • Progressive Wisconsin, the birthplace of American progressivism
    • 84,700 jobs have been lost
    • 19,100 property seized via foreclosure
    • The state’s tax burden is ranked 9th out of 50.
    • Obama’s approval is at 46%
    • 52% want repeal of Health Care

  • Colorado
    • Less than 10 years ago, it was a conservative state
    • 93,400 jobs lost
    • 7,200 jobs in the last three months
    • 35,345 foreclosures

  • California
    • 12% unemployment rate
    • Tax climate bad for business
    • Prison inmates released to save money
    • 592,000 jobs lost

  • Nevada
    • 14.4% unemployment, the highest in the country

No matter what the outcome of the election, think of how far you have come in the last 2 years.  Think of what you can accomplish in the next 2 years.

Unions have spent $200 million on this election cycle.

Key deadlines for December
  • Deficit Reduction Committee Report due.
  • Thousands of 99er unemployment checks stop (Some unemployment offices are hiring security guards.)
  • Tax cuts expiring at the end of the month.

Tomorrow the Federal Reserve will decide whether to print $500 Billion or $1 Trillion in new cash.  This means your dollar will be worth less in a couple of years.  Experts predict 20% less.

Glenn expects prices at supermarkets to rise dramatically.

Since July 1st, according to the Bureau of Labor Statistics, the following food items have seen a cost increase.
       Food Item            Price increase
  • Milk                        6.5%
  • Butter                    19%
  • Butter Substitute    6.2%
  • Women’s Dresses  6.3%
  • Candy                   13.7%
  • Footwear              45%
  • Beer                        6%

General Mills has announced a cereal price hike for November 15th.

He showed a chart showing food prices lagging behind food inflation.

Most cost increases have not yet been passed on to consumers.


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