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Governomics: Wall St. falls sharply on oil drop, global growth worries.

(Reuters) - Global growth worries and a sharp drop in oil prices sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day on Friday.


Plethora of weak U.S. data points to sharply slower growth belies Obama's delusional SOTU rhetoric

U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter.

Chart of the Week: Slowest Economic Recovery Since the 1960s

The Heritage Foundation:

Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the worst recovery since the 1960s. [...]


" But as the plan of the convention aims only at a partial union or consolidation, the State governments would clearly retain all the rights of sovereignty which they before had, and which were not, by that act, EXCLUSIVELY delegated to the United States. "

-- Alexander Hamilton (Federalist No. 32, 3 January 1788)

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