Tuesday, February 15, 2011

How's that Hope & Change Working Out?

Just over two years ago, Barack Obama was inaugurated as president of the United States.  Are you better off today than you were two years ago? Numbers don't lie, and here are the data on the impact he has had on the lives of Americans:

  Jan 2009 TODAY

%
Change

Source
Avg. retail $/gal gas in U.S. $1.83 $3.10 69.6% 1
Crude Oil, Euro. Brent (brl) $43.48 $99.02 127.7 2
Crude Oil, W.Tx Inter(brl) $38.74 $91.38 135.9 2
Gold, London (/troy oz) $853.25 $1369.5 60.5 2
Corn, #2, Centr. IL $3.56 $6.33 78.1 2
Soybean, #1 Yel, IL $9.66 $13.75 42.3 2
Surgar, can, raw, world, lb. fob $13.37 $35.39 164.7 2
Unempl. rate, non-farm, overall 7.6% 9.4% 23.7 3
Unempl. rate, blacks 12.6% 15.8% 25.4% 3
# of unemp 11,616,000 14,485,000 24.7 3
# fed. emply, ex. military (curr=12/10 prelim) 2,779000 2,840,000 2.2 3
Real med. household income (08vs09) $50,112 $49,777 -0.7 4
# food stamp recipients (curr=10/10) 31,983,716 43,200,878 24.7 5
# unemply benefit recip(curr=12/10) 7,526,598 9,193,838 22.2 6
#long term unemplyd 2,6000,000 6,400,000 146.2 3
poverty rate, indivds (08v09) 13.2% 14.3% 8.3 4
People in poverty U.S.(08vs09) 39,800,000 43,600,000 9.5 4
U.S. rank in economic freedom, world rank 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
US $$ vs. Japanese Yen ex.rate 89.76 82.03 -8.6 2
US money supply, M1, in billions (curr=12/10 prelim) 1,575.1 1,865.7 18.4 13
US money supply, M1, in billions (curr=12/10 prelim) 8,310.9 8,852.3 6.5 13
National DEBT, in TRILLIONS $$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!  This is a disaster!

If your house were in these shoes, scaled to your size pocket book…would you be running your life this way? NO.  Then why the tarnation are we letting them run the White House (our Nation’s House) this way!?!


Sources:
(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

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