You're bike is way too rich.
Don't know your location, so can't say about temp or whatever, but if it's spoogin all over like that, it's rich.
There are a million good threads on her about jetting, read them and learn to jet properly and you will solve that problem.
Ignore the people who tell you to reduce the amount of oil in your premix.. That's just asking for trouble.
Also, clean your carb, take off the pipe & silencer, clean them thoroughly, and repack the silencer.
You should also clean out the powervalve. Open the cover, and use brake cleaner or carb cleaner to clean it out..
Once you get everything clean, you can start jetting. It's not as hard as people make it out to be, just be careful and pay attention and you should have no trouble getting it running good, and not blowing oil all over the place.
You might even notice, once it's jetted right, that it pulls harder and is a bit faster.
The EPA will appreciate your efforts!