Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Dollar is plunging

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When Obama was elected President on November 4th, 2008, I created this blog and since then the U.S. dollar has lost 48% of its purchasing power. Americans today spend 48% more for gasoline than they did the day of the last election. Americans today also spend 105% more for sugar, 78% more for coffee, 58% more for corn, with similar gains for many other agricultural commodities. The U.S. government and Federal Reserve created all of this inflation in an attempt to reinflate the Real Estate bubble, yet the median U.S. home price declined by 2.4% during this time period. Meanwhile, the real unemployment rate has increased from 16.8% to 22.3%.  When will they learn to let individualism rule the day rather than trying the manage us all.

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