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 1^st, 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.