America after two years of #Obama


Two years ago, 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 is 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

$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 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

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4 thoughts on “America after two years of #Obama

  1. That is Obama’s world. Those numbers are a feature of Obamism, not a bug.

  2. Obama’s leadership or lack thereof are an absolute travesty. Everything about him reeks of deception, and slight of hand in order to push his and his marxist handler’s agenda to deminish our way of life to suite there need for “we the people” to serve their self-serving interest of total power and control.

  3. Most of this is due to the trashed economy G W Bush left for Obama, and the Bush wars that Obama stupidly continued. And the Bush tax cuts for the rich that kept going into Obama’s term. And much of the world economic behavior can’t be controlled by any president.

    • Bill D.,

      When a patient comes into a hospital presenting with an open artery gushing with blood, what do you do?

      A) Apply direct pressure to stop the bleeding and sew up the wound?
      B) Cut the wound open even more so that more blood can pour out?

      Put another way, you’re reviewing your family’s finances and find that your teenage daughter has been running up $15,000 worth of debt on clothes shopping. Do you:

      A) Confront her and work out a plan to reduce or eliminate that spending so she doesn’t go bankrupt?
      B) Give her another credit card?

      Obama chose answer B. He jacked up our deficits and overall debt to astronomical levels. Now he wants to tack on an additional $2 trillion tax burden to “fix” it. Why would a president truly interested in economic stability increase debt load rather than reduce it? Either he’s extremely, totally naive about how money works or he is following an agenda specifically designed to knock America’s economic dominance down a peg or ten.

      P.S. You do realize, when you do the math, that even confiscating 100% of the incomes of every man, woman, and child in America would barely serve to keep this country operating for about 10 months, and that it would do very little to pay off our current national debt, right?

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