jump to navigation

The Record February 10, 2011

Posted by Michael in News.
trackback

Thanks to Retired Geezer for forwarding this:

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 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
$3.104
69.6%
1
Crude oil, European Brent
$43.48
$99.02
127.7%
2
Crude oil, West TX Inter.
$38.74
$91.38
135.9%
2
Gold: London
$853.25
$1,369.50
60.5%
2
Corn, No.2 yellow
$3.56
$6.33
78.1%
2
Soybeans, No. 1 yellow
$9.66
$13.75
42.3%
2
Sugar, cane, raw
$13.37
$35.39
164.7%
2
Unemployment rate, 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
2,779,000
2,840,000
2.2%
3
Real median household income
$50,112
$49,777
-0.7%
4
Food stamp recipients
31,983,716
43,200,878
35.1%
5
Unemployment benefit recipients
7,526,598
9,193,838
22.2%
6
Long-term unemployed
2,600,000
6,400,000
146.2%
3
Poverty rate, (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. — 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
Dollar versus 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!

 

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

Comments»

1. Retired Geezer - February 12, 2011

Thanks for taking the time to retype that

2. Michael - February 12, 2011

I just can’t figure out how to get the right margin of the table into the WordPress frame. I tried for half an hour and gave up.

3. doc - February 13, 2011

Well, that’s just racist, that’s what that is.

4. daveintexas - February 13, 2011

quitter

5. geoff - February 13, 2011

Doncha just right width=”90%” or something like that in the table definition?

6. geoff - February 13, 2011

write, not right. You got me thinking about the right side, dang it.

7. geoff - February 13, 2011

Plus you oughta center it.

8. daveintexas - February 13, 2011

with triangles, bitch.

9. Mitchieville » Blog Archive » The Top 10 Financial Links Of The Day - February 14, 2011

[…] Innocent Bystanders – 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.    **HT Retired Geez […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: