Thursday, February 17, 2011

You Voted for Hope and Change and you got it.




Read this in the morning when it’s too early to start drinking!


Two years ago on January 20th, 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.



January 2009 TODAY % chg Source
Avg. retail price/gallon gas in U.S. $1.83 to $3.104 +69.6% 1
Crude oil, European Brent (barrel) $43.48 to $99.02 +127.7% 2
Crude oil, West TX Inter. (barrel) $38.74 to $91.38 +135.9% 2
Gold: London (per troy oz.) $853.25 to $1,369.50 +60.5% 2
Corn, No.2 yellow, Central IL $3.56 to $6.33 +78.1% 2
Soybeans, No. 1 yellow, IL $9.66 to $13.75 +42.3% 2
Sugar, cane, raw, world, lb. fob $13.37 to $35.39 +164.7% 2
Unemployment rate, non-farm, overall 7.6% to 9.4% +23.7% 3
Unemployment rate, blacks 12.6% to 15.8% +25.4% 3
Number of unemployed 11,616,000 to 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 to 43,200,878 +35.1% 5
Number of unemployment benefit recipients (curr = 12/10) 7,526,598 to 9,193,838 ++22.2% 6
Number of long-term unemployed 2,600,000 to 6,400,000 +146.2% 3
Poverty rate, individuals (2008 v 2009) 13.2% to 14.3% +8.3% 4
People in poverty in U.S. (2008 v 2009) 39,800,000 to 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 to 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 1to ,865.7 +18.4% 13
U.S. money supply, M2, in billions (curr = 12/10 prelim) 8,310.9 to 8,852.3 + 6.5% 13
National debt, in trillions $10.627 to $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!

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


OH, and Saturday BHO had the gall to say he had not raised any taxes…


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