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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2 comments:

Steve J said...

Are you better off now than you were 2 1/2 years ago? This is the only question we need to ask to stop our experiment with socialism.

Conservaitive Bill said...

You are right. Thanks, Steve J.