Change We Can Believe In?

Two years ago today, 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 AmericansPretty sobering.

 
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 doing1,755 MPH!  This administration is a total disaster!
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
 How’s that for your  “Hope/Change”. We can thank to all the misinformed who voted the Democrats into power two years ago.  Thank God for 2010.
H/T Ann in Arizona
~LTG
Please follow and like us:
0
 

0 responses to “Change We Can Believe In?

  1. Just paid $3.39/gal for gas yesterday. And I’m now part of the unemployment stats. Thanks for all this hopeandchange crap!
    Many, whoever runs in 2012 needs to be ALL over these stats.

     
    • DCG,
      Sorry to hear it.
      Obamunism just sucks.
      -Dave

       
    • It’s over 3.00 here too. No layoffs, thank God, but prices going up everywhere and paychecks not going as far as they used to.

       
      • Candance, before I got laid off last week, no one in the firm had a raise or bonus since 2008.
        Thanks Dave. The firm had many layoffs the past two years. Been saving $ like crazy in anticipation of this. Will be ok for awhile.

         
        • Hugs, Deb. If there’s any sense in this world, a gal as bright as you will be scooped up by another firm in no time at all. You’re in my prayers….

           
        • When I first started stocking up food, my husband went along but didn’t really believe it was necessary. Now he is starting to see the writing on the wall.

           
    • Deb–thoughts and prayers for you. There is hardly any family that has not suffered job loss. Ours also has had it’s share.

       
  2. My construction company started up in 1946 and closed in 2010 due to lack of work— nothing to bid on. The Obama stimulus did nothing for building construction.
    I’ve heard that 3 union roofing companies in our area have closed in the last two years. The roofers are always threatening to strike for higher wages and benefits even though 50% of them are on the out-of-work list.

     
  3. I call it amateur hour and this clock is stuck on it.
    Good luck Deb.

     
  4. Is anyone else here old enough to remember that on Ted Mack’s “Original Amateur Hour”, the sponsor was GERITOL?

     

Leave a Reply

Your email address will not be published. Required fields are marked *