Tuesday, May 17, 2011

We were promised Hope and Change. The change is in the chart below.



Gotta laugh to keep from crying at how true this is:




Here's your change!
January 2009
January 2011
% 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

17 comments:

  1. What has Obama made better since he took office?

    ReplyDelete
  2. Where in the hell is that LAZER gun?
    Regime great at Talking and not so good at Producing. First two years Merry Liberals had TOTAL Control on SPENDING and now there is VERY little HOPE! With all their BRILLANT minds(MSM) you have to almost believe their NOT incompetent but Purposeful in what THEIR doing? Just my hummble Opinion!

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  3. It looks like the libtard dems got the debt ceiling,end of times wrong. Libtard dems can't get anything right. It's no wonder they need a government care taker.

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  4. All of these things that have skyrocketed since Obama became president will suddenly take a turn for the better about this time next year - not back where they started, but better enough for the press to sing Obama's praises.... and he will be re-elected - and someone will have to put me in a rubber room!

    ReplyDelete
  5. Unspent Stimulus next year Spent just in time for election. Would not be a shock!

    ReplyDelete
  6. The only thing I see that will get better before 2012 election is energy prices. Thats because Obama has pulled a G.W. Bush. raising speculation costs and at least let current leases in the Gulf begin drilling. However, no way does it get back to Jan 2009 levels.
    Other then that, it will be the same old same old.

    ReplyDelete
  7. Just because the numbers look bad doesn't mean that Pres. Obama isn't doing a good job. Bush's numbers were good and he was a bad president. Bam!

    ReplyDelete
  8. Firebird, why do you want to be in a room full of rubbers?

    ReplyDelete
  9. Just like any president at that point in an recession you can only stem the tide and ride it out. We've gone over this before. Reagan was in a similar situation at the same time during his first term and look what conservatives think about him.

    the question becomes, what would Chris have done differently in those years? Anyone can post someone elses work and 99 percent of the time Chris does, but can he come up with his own plan?

    ReplyDelete
  10. Bush had a tech bubble,9/11 and a recession. Somehow that didn't last long and that is why he got reelected.

    Joe you know what I would have done. I wouldn't have wasted the tax payers money on a Stimulus Bill that lost us jobs. All I would have had too do is the opposite of Obama, since he has made everything worse, not better.

    We all know that Joe would have been an epic failure at every level just like Obama.

    How does it feel to be wrong all the time Joe? How does it feel to try and put a spin on everything the Dems have done and failed?

    You can place blame all you want Joe. The Dems had more control over government then ever and they screwed everything up from jobs,inflation,wars,Gitmo,international relations...

    But he did get bin Laden using intel from waterboarding and following the Bush plan. It must suck to think that the only things Obama has gotten right is the things he railed against Bush on and then flip flopped.

    Joe you are such a baby. When you start thinking for yourself instead of the union shill you are, maybe then you can say I use others work. 99% hay? You really are a mope. Now stick your nose in the crack oif the union butt and tell me it smells like roses.LOL Thanks for the laughs Joe.

    ReplyDelete
  11. John, are you trying to be funny or serious? I hope you are trying to be funny, because I laughed my butt off from your posts.

    ReplyDelete
  12. Chris good post as usual! I would have as soon as possible CUT Taxes even to the evil Rich and particlary the Middle Class Job Creators. That has worked in the past. Cannot remember when Raising Taxes Stimultaed anything but MORE Government SPENDING!

    Regime starting out with Socialized Insurance and did what to Stimulate Economy and Jobs? Citizens were and are suffering BUT Regime Ignored them and went after Social Program that without STRONG Economy is Doomed. The numbers they used were at best Flawed and at worse made up.
    Now with the Waivers hitting the Target Unions and special interest all Tax paying Private Sector Middle Class will PAY!

    Running a Government on Ideaology is NOT Governing but Ruling! Look who pays and who gets the breaks.

    This Nation is in Real Poop and I am not sure if anything at this point can help. Maybe Bankruptzy for Nation will get more of the Citizens working together, this Nation was Built on BUT we are so DIVIDED and Leaderless We at this point are the Titanic looking for a Ice Berg!

    ReplyDelete
  13. Chris,
    Well after that long and bullshit filled post could you please expound on what you would have done differently?

    What policy is correct and would work in this situation? Could you back it up with evidence and statistical formulas?

    No more name calling, no more red herrings and personal attacks. nothing but thoughtful policy analysis.

    Show me what you would have done. The Chris plan.

    ReplyDelete
  14. Al,
    It certainly wasn't a good post and i have to take exception to your vague tax cut beliefs.

    Many economists don't agree that tax cuts would stimulate the economy in our current type of recession. And i have referenced the similarities between Reagan's recession and Obama's for you to be able to look at the facts, or at least some seriously sound evidence. but once again i will provide you with my evidence to disprove your tax cuts work theory.

    Obama stimulus plan
    Unemployment 2/2009 8.2
    unemployment 4/2011 9.0 26 months later
    Highest % 10.1 10/2009

    Reagan 1981 tax cut
    Unemployment 7/1981 7.4
    Unemployment 9/1983 9.2 26 months later
    Highest % 10.8 11/1982

    So given your expertise at the economic field could you explain why Obama fares better than Reagan if the stimulus failed and tax cuts work?

    ReplyDelete
  15. Joe,
    I do KNOW this Reagan Dead!
    Regime in charge is trying to make Nation like Reagan DEAD and that is the only fact that matters. I think ifin you ask citizens how their faring now Very few will mention Reagan cause hes DEAD! The Citizens that are old enough probablly remember enough about Reagan to remember Election 1984 and this Regime is far from that point!
    Using rear view mirror while driving forward can be Dangerous. Im surprized your expertise did not figure that out.

    ReplyDelete
  16. Great find Chris,
    I've been saying it for three years. Obama has destroyed the world's economy to get elected. It started by Obama running down our economy (to take a page out of Clinton's playbook) to get elected president. He (Obama) destroyed consumer confidence, and even those "Liberal Fools" from HHC (Harvard Community College) whom have taken Econ 101, can tell you that consumer confidence is the number one overall factor in an economy. Little did Obama know - that as we (USA) go - so goes the world. That’s another factor of his incompetence. Taxing personal retirement and a mileage tax is just down the road if this incompetence continues for another 4 years.

    ReplyDelete
  17. Joe if you don't know what I would do with my daily postings then you are the red herring. I have made a point by point on every idiotic action of Obama's. Conservatives have all been saying what we would do. Just like you libs have been saying that you would do what Obama did, but with different results. It's insane how libs keep trying the same Marxist things but expect different results.

    I've made my positions clear on this blog. You have as well made your positions clear. And thus far you and Obama haven't done one thing right other then follow the Bush policies on war,Gitmo,Patriot Act,military tribunals,debt...It's funny that all the things you libs said Bush was a failure for are the same things Obama is a winner for. What a flip flopping bunch you all are.

    Joe, can you tell me what you think Obama has done right? What has Obama made better since he took office?

    ReplyDelete

Please keep it clean and nice. Thank you for taking the time to post you thought. It means a lot to me that you do this.