Tuesday, May 17, 2011

The Truth About Obama's Hope and Change

Someone on the Web shared this, am passing it on as it is important:

The Actual Change.......
After two years of Obama...
Here's your actual change!

January 2009 TODAY % chg Source
Avg.. Retail price/gallon gas in U.S. $1.83 $3.74 79.6% 1
Crude oil, European Brent (barrel) $43.48 $105.02 147.7% 2
Crude oil, West TX Inter. (barrel) $38.74 $104.78 155.9% 2
Gold: London (per troy oz.)5 $853.25 $1,469.50 70.5% 2
Corn, No.2 yellow, Central IL $3.56 $7.33 88.1% 2
Soybeans, No. 1 yellow, IL $9.66 $13..75 42.3% 2
Sugar, cane, raw, world, lb. Fob $13.37 $41.39 184.7% 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 2,940,000 2.9% 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. At 27 times faster, it would be doing 7,555 MPH!

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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US Government May Shutdown?

How many people are ignorant of the fact that on April 8, 2011, the US government came within one hour of shutting down? The next day, I went around town and asked everyone I talked to if they knew the government nearly shut down. Only one man knew anything about it.
Sometimes I think most people strive for ignorance. Of course they say "ignorance is Bliss". These people probably wouldn't know the government collapsed until the handouts stopped coming.
The Republicans and Democrats finally agreed to raise the debt ceiling, so the government could go farther in debt to Communist China, and other countries, to keep the status quo. The last I heard, the national debt averaged $32,000 for every man, woman, and child in America. Have you paid your share yet?
Now, on May 16, 2011, the US government reached the latest debt ceiling. So far, the sky hasn't fallen, the sun still shines,, and the almighty government is still in business controlling our lives. The debt is now $14 Trillion, 300 Billion. Can anyone imagine how much that is?
Tim Geitner, who has experience cheating on his taxes, and is Obama's Treasury Secretary, has traded spending around to keep them in business. One thing he has done is cut back on government retirement funds.
These overpaid people who get paid %20 to %40 more than the private sector, and work half as hard, can afford to pay for their own retirement anyway.
Maybe it's a good thing Obama has a tax cheat working for him. Can you imagine what would happen if Geitner was a Republican though? He would have been gone long ago.
The Obamacrats now are forced to cut spending. A few able-bodied loafers may have to go to work It ain't all bad.