THE DAMAGE OBAMA HAS DONE at DickMorris.com

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http://www.dickmorris.com/blog/the-damage-obama-has-done
The mainstream media does not cover the full extent of the damage the Obama Administration has inflicted on this country. Even FoxNews often doesn’t have the time to go into sufficient depth to explain what is happening.
From our friend Ruth S. King comes a chart which all of us should read and absorb, sobering though it may be:

	January 2009	Today	% chg	Source
Avg. retail price/gallon gas in U.S.	$1.83	$3.104	69.6%	1
Crude oil, European Brent (barrel)	$43.48	$99.02	127.7%	2
Crude oil, West TX Inter. (barrel)	$38.74	$91.38	135.9%	2
Gold: London (per troy oz.)	$853.25	$1,369.50	60.5%	2
Corn, No.2 yellow, Central IL	$3.56	$6.33	78.1%	2
Soybeans, No. 1 yellow, IL	$9.66	$13.75	42.3%	2
Sugar, cane, raw, world, lb. fob	$13.37	$35.39	164.7%	2
Unemployment rate, non-farm, overall	7.6%	9.4%	23.7%	3
Unemployment rate, blacks	12.6%	15.8%	25.4%	3
Number of unemployed	11,616,000	14,485,000	24.7%	3
Number of fed. employees, ex. military (curr = 12/10 prelim)	2,779,000	2,840,000	2.2%	3
Real median household income (2008 v 2009)	$50,112	$49,777	-0.7%	4
Number of food stamp recipients (curr = 10/10)	31,983,716	43,200,878	35.1%	5
Number of unemployment benefit recipients (curr = 12/10)	7,526,598	9,193,838	22.2%	6
Number of long-term unemployed	2,600,000	6,400,000	146.2%	3
Poverty rate, individuals (2008 v 2009)	13.2%	14.3%	8.3%	4
People in poverty in U.S. (2008 v 2009)	39,800,000	43,600,000	9.5%	4
U.S. rank in Economic Freedom World Rankings	5	9	n/a	10
Present Situation Index (curr = 12/10)	29.9	23.5	-21.4%	11
Failed banks (curr = 2010 + 2011 to date)	140	164	17.1%	12
U.S. dollar versus Japanese yen exchange rate	89.76	82.03	-8.6%	2
U.S. money supply, M1, in billions (curr = 12/10 prelim)	1,575.1	1,865.7	18.4%	13
U.S. money supply, M2, in billions (curr = 12/10 prelim)	8,310.9	8,852.3	6.5%	13
National debt, in trillions	$10.627	$14.052	32.2%	14

Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation’s history. Over 27 times as fast! Metaphorically, speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster . . . it would be doing 1,755 MPH!
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
In our new book, Revolt! (Due out March 1 – you can pre-order autographed copies now at DickMorris.com) we explain how Obama has wrecked our economy and chart a path to reverse the damage and defeat him in 2012.
These numbers make it crystal clear how crucial these two tasks really are!
ORDER SIGNED ADVANCE COPIES OF REVOLT! CLICK HERE.

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Foreclosure activity up across most US metro areas - Yahoo! News

Image by Getty Images via @daylifeThis is something I've been talking about for years now. I have never been able to figure out why in the World people think they can buy a house and rent it out for 1000 plus a month. In average. Most people only make anywhere from 7 to 10 bucks an hour. This crash is only the beginning.
It's no wonder why all this greed for money has finally taken it's toll. Though I do feel sorry for those loosing homes through all this. I find it so sad that Credit, background checks and 20 million other laws determine whether or not you can have a place to live for your family.
With the jobs gone and more companies falling under no matter what the news says about it. Its gotten bad. If you rent out places. You might want to reconcider how much you charge for that rent.
I still remember when 2 and 3 bedrooms went for 400 a month. Today? 900 to 1500 for the same thing? And so many wonder why it crashed? We can't forget that the Jobs out there still don't pay any more than they did back then either.
This reason alone is just one of the reasons all this is happening today.
http://news.yahoo.com/s/ap/20110127/ap_on_re_us/us_foreclosure_rates
LOS ANGELES – The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits.
In Seattle, Houston and Chicago, cities that were relatively insulated from foreclosures early on in the housing bust, a growing number of homeowners are falling behind on mortgage payments and finding themselves on the receiving end of foreclosure warnings. Others have already seen their homes repossessed by lenders.
All told, foreclosure activity jumped in 149 of the country's 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday.
The firm tracks notices for defaults, scheduled home auctions and home repossessions — warnings that can lead up to a home eventually being lost to foreclosure.
Job loss, rather than time-bomb mortgages resetting to higher payments, has become the main driver behind rising foreclosures.

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Wholesale prices rise in March as food costs jump

clipped from finance.yahoo.com WASHINGTON (AP) -- Wholesale prices rose more than expected last month as food prices surged by the most in 26 years. But excluding food and energy, prices were nearly flat. The Labor Department said the Producer Price Index rose by 0.7 percent in March, compared to analysts' forecasts of a 0.4 percent rise. A rise in gas prices also helped push up the index. Still, there was little sign of budding inflation in the report. Excluding volatile food and energy costs, wholesale prices rose by 0.1 percent, matching analysts' expectations. Food prices jumped by 2.4 percent in March, the most since January 1984. Vegetable prices soared by more than 49 percent, the most in 15 years. A cold snap wiped out much of Florida's tomato and other vegetable crops at the beginning of this year. Gasoline prices rose 2.1 percent, the department said, the fifth rise in six months. But with unemployment high and credit tight, consumers' spending power is crimped

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Has The State Of California Become The Epicenter Of The Economic Collapse Of America?

clipped from theeconomiccollapseblog.com Americans who wanted to fulfill their "California dreams".  But those days are long gone.  Now, the state of California has become an economic nightmare.  In fact, many would argue that California has now become the epicenter of the economic collapse of the United States.  Everything that once made California great is now being swamped by a tidal wave of unemployment, foreclosures, crime, budget cuts, traffic, taxes and natural disasters.  There is a reason why every year now many more people leave the state of California than move into it.  The state of California is suffering a slow economic death, and if something is not done it could end up being one of the biggest financial disasters in history.    The economic crisis of the past several years has hit California so incredibly hard that it is hard to describe.  According to the U.S. Labor Department, the unemployment picture in the state continues to deteriorate, with an overall unemployment rate of 12.5 percent in January.

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White House predicts weak job growth for rest of year

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clipped from www.miamiherald.com WASHINGTON -- President Barack Obama's top economic advisers offered a cautious forecast on Thursday that U.S. job gains for 2010 will average 95,000 a month, with analysts expecting hiring to expand by spring. "These job projections are very reasonable, but they are also very disappointing since they imply the unemployment rate will remain very high for a very long time," said Larry Mishel, the president of the Economic Policy Institute, a liberal research group. "This is because we need to create at least 100,000 jobs each month in order to absorb new workers and keep the unemployment rate from rising. It suggests that policy is not being aggressive enough to drive down unemployment." Another reason for a continued high unemployment rate, the council report said, is the huge jump in productivity - worker per-hour output. Companies are doing more with fewer workers. Given their uncertainty about the future, employers are likely to remain cautious about hiring.

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Record number of young Americans jobless

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clipped from www.reuters.com CHICAGO (Reuters) - The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday. Overall, 26 percent of American teenagers aged 16 to 19 had jobs in late 2009, said the report, which was based on U.S. Census Bureau data. That figure is a record low since statistics began to be kept in 1948, the researchers said. Employment counts the number of people with a job as a percentage of the entire work force. By contrast, the unemployment rate -- which stood at 10 percent in December in the United States -- does not include people who have grown discouraged and stopped looking for work. The "disconnection rate" -- Americans aged 20 to 24 who were neither in school nor working -- jumped to 28 percent last year from 17 percent in 2007.

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