Change Yes-Hope No

After two years of Obama...Here's your change! But No Hope

 

 
January 2009 
TODAY 
% chg
Source
Avg.. Retail price/gallon gas in U.S. 
$1.83 
$3.704 
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 
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.
 
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 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 

How's that hope and change working out for you?

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5/9/11