We were promised Hope and Change. The change is in the chart below and the hope is that it does not get any worse. Forget about Hope. It is going to get much worse.
After two years of Obama …
Here’s your change!
| January 2009 | TODAY |
% chg |
Source |
|
| Avg.. Retail price/gallon gas in U.S. | $1.83 | $3.44 |
84% |
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 | 2,779,000 | 2,840,000 |
2.2% |
3 |
| Real median household income | $50,112 | $49,777 |
-0.7% |
4 |
| Number of food stamp recipients | 31,983,716 | 43,200,878 |
35.1% |
5 |
| Number of unemployment benefit recipients | 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 | 13.2% | 14.3% |
8..3% |
4 |
| People in poverty in U.S. | 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 | 29.9 | 23.5 |
-21.4% |
11 |
| Failed banks | 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 | 1,575.1 | 1,865.7 |
18.4% |
13 |
| U.S.. Money supply, M2, in billions | 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!
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
THE PRESIDENCY
SOME WILL APPRECIATE THIS AND SOME WILL NOT.
HOWEVER, ALL OF IT IS TRUE.
So, tell me again, what is it about Obama that makes him so brilliant and impressive? Can’t think of anything? Don’t worry. He’s done all this in 24 months — so you’ll have one year and ten months to come up with an answer.
Every statement in this email is factual and directly attributable to Barrack Hussein Obama. Every bumble is a matter of record and completely verifiable.
Great reality check on just what a disaster this man being in the White House has been!
Really appreciate you stopping by and paying me a visit! Come back again when you can stay awhile!
I disagree with the numbers for the overall unemployed. The percentages are probably about 21-22 percent. Some areas of the country are actually up around 25-30 percent. Those numbers they always quote on TV are simply the percentage of people collecting and filling for unemployment. They don’t take into account those whose benefits ran out or those who never qualified for benefits. Either way the numbers are bleak and will not be improving for some time.
Good post bro! I’m reposting it1
Brian,
You are definitely correct on the unemployment figures. There are so many factors that are no longer taken into account. The slant the media puts on UE numbers is an attempt to assist this president in getting the figures below the 8% “required” for re-election. That’s also the reason why this administration instructed the Dept. of Labor to change the way these numbers are calculated. Just more smoke and mirrors!
It can be argued that all of those statistics can be attributed to the previous “Bush” administration, but why has he not pulled troops out of Iraq/Afghanistan like he promised pre and post- election?? It feels like he doesn’t want to talk about the troops in Iraq like they are not there risking their lives at this very moment. The bailout, wars on so many fronts, and natural disasters = economy only can get worse.
“A days wages for a loaf of bread.”
Erik,
Seriously? How long do we blame the previous administration? It’s been three years since Obama was elected and there is no sign of improvement on the horizon. His plans are a failure and how does he change it…by getting on the plane and taking another vacation. I’m so tired of hearing everyone blame the previous administration. There comes a point when one has to take responsibility for his own action…for Obama that time is LONG over due!
As far as the military is concerned, he has not respect for our men and women, so why would he be motivated to bring them home. As with any seasoned politician, Obama made campaign promises to win over the electorate, but has no intention of following through with any of it…unless of course, it falls in line with the establishment of the liberal agenda.