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 | $3.82 | 108% | 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 1755 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
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CNS News reports: President Barack Obama, who during the 2008 campaign famously referred to small town Americans as bitter people clinging to guns and religion, today issued an executive order establishing a White House Rural Council.
“Strong rural communities are key to a stronger America,” Obama said in releasing the order. “That’s why I’ve established the White House Rural Council to make sure we’re working across government to strengthen rural communities and promote economic growth.” http://www.cnsnews.com/news/article/3-years-after-bitter-people-clinging-gun
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The Wall St. Journal reportes: The policies of the Obama administration have led to the weak condition of the American economy. Growth during the coming year will be subpar at best, leaving high or rising levels of unemployment and underemployment. Mr. Feldstein, chairman of the Council of Economic Advisers under President Ronald Reagan, is a professor at Harvard and a member of The Wall Street Journal's board of contributors.
http://online.wsj.com/article/SB10001424052702303657404576363984173620692.html?mod=WSJ_hpp_MIDDLE_Video_Top
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(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
------------------------------------------------------------------------------------------------------------
CNS News reports: President Barack Obama, who during the 2008 campaign famously referred to small town Americans as bitter people clinging to guns and religion, today issued an executive order establishing a White House Rural Council.
“Strong rural communities are key to a stronger America,” Obama said in releasing the order. “That’s why I’ve established the White House Rural Council to make sure we’re working across government to strengthen rural communities and promote economic growth.” http://www.cnsnews.com/news/article/3-years-after-bitter-people-clinging-gun
-----------------------------------------------------------------------------------------------------------
The Wall St. Journal reportes: The policies of the Obama administration have led to the weak condition of the American economy. Growth during the coming year will be subpar at best, leaving high or rising levels of unemployment and underemployment. Mr. Feldstein, chairman of the Council of Economic Advisers under President Ronald Reagan, is a professor at Harvard and a member of The Wall Street Journal's board of contributors.
http://online.wsj.com/article/SB10001424052702303657404576363984173620692.html?mod=WSJ_hpp_MIDDLE_Video_Top
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PHOENIX – The Arizona Senate has approved a revised bill requiring presidential candidates to prove they are U.S. citizens eligible to run for the office.
The bill approved Wednesday gives candidates additional ways to prove they meet the constitutional requirements to be president.
It was prompted by the ongoing claim by some that there is no proof President Barack Obama was born in the United States and is therefore ineligible to be president. http://island-adv.com/2011/04/arizona-senate-approves-birther-bill/
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Natural News, on TSA body scanners: The evidence of the TSA's fakery [in saying that the body scanners in airports are perfectly safe] is now obvious thanks to the revelations of a letter signed by five professors from the University of California, San Francisco and Arizona State University. You can view the full text of the letter at: http://www.propublica.org/documents... The letter reveals:
• To this day, there has been no credible scientific testing of the TSA's naked body scanners. The claimed "safety" of the technology by the TSA is based on rigged tests.
• The testing that did take place was done on a custom combination of spare parts rigged by the manufacturer of the machines (Rapidscan) and didn't even use the actual machines installed in airports. In other words, the testing was rigged.
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Politico reports: A bipartisan group of House members announced on Wednesday that it is filing a lawsuit charging that President Obama made an illegal end-run around Congress when he approved U.S military action against Libya.
“With regard to the war in Libya, we believe that the law was violated. We have asked the courts to move to protect the American people from the results of these illegal policies,” said Rep. Dennis Kucinich (D-Ohio), who led the 10-member anti-war coalition with Rep. Walter Jones (R-N.C.).http://www.politico.com/news/stories/0611/57032.html
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Arizona Central reports: Acting on a new state law, Arizona Superintendent of Public Instruction John Huppenthal has condemned the Tucson Unified School District's controversial Mexican-American studies courses and warned the district could lose a portion of its state funding if it does not comply with the law within 60 days.
Gov. Jan Brewer signed the law last year. It bans classes in kindergarten to 12th grade that promote the overthrow of the U.S. government, promote resentment toward a race or class of people, are designed primarily for pupils of one ethnic group or advocate ethnic solidarity.
- Texts and other materials for the junior-level courses referenced White people as "oppressors" and "oppressing" Latino people.
- The department's website "clearly indicates the program is primarily designed for pupils of a particular ethnic race; couple this with the fact that an extraordinary percentage of students enrolled in program classes are Hispanic (over 90 percent)."
Read more: http://www.azcentral.com/news/articles/2011/06/15/20110615arizona-ethnic-studies-violates-law-chief-says.html#ixzz1PRFJYV2N
The bill approved Wednesday gives candidates additional ways to prove they meet the constitutional requirements to be president.
It was prompted by the ongoing claim by some that there is no proof President Barack Obama was born in the United States and is therefore ineligible to be president. http://island-adv.com/2011/04/arizona-senate-approves-birther-bill/
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Natural News, on TSA body scanners: The evidence of the TSA's fakery [in saying that the body scanners in airports are perfectly safe] is now obvious thanks to the revelations of a letter signed by five professors from the University of California, San Francisco and Arizona State University. You can view the full text of the letter at: http://www.propublica.org/documents... The letter reveals:
• To this day, there has been no credible scientific testing of the TSA's naked body scanners. The claimed "safety" of the technology by the TSA is based on rigged tests.
• The testing that did take place was done on a custom combination of spare parts rigged by the manufacturer of the machines (Rapidscan) and didn't even use the actual machines installed in airports. In other words, the testing was rigged.
-----------------------------------------------------------------------------------------------------------
Politico reports: A bipartisan group of House members announced on Wednesday that it is filing a lawsuit charging that President Obama made an illegal end-run around Congress when he approved U.S military action against Libya.
“With regard to the war in Libya, we believe that the law was violated. We have asked the courts to move to protect the American people from the results of these illegal policies,” said Rep. Dennis Kucinich (D-Ohio), who led the 10-member anti-war coalition with Rep. Walter Jones (R-N.C.).http://www.politico.com/news/stories/0611/57032.html
------------------------------------------------------------------------------------------------------------
Arizona Central reports: Acting on a new state law, Arizona Superintendent of Public Instruction John Huppenthal has condemned the Tucson Unified School District's controversial Mexican-American studies courses and warned the district could lose a portion of its state funding if it does not comply with the law within 60 days.
Gov. Jan Brewer signed the law last year. It bans classes in kindergarten to 12th grade that promote the overthrow of the U.S. government, promote resentment toward a race or class of people, are designed primarily for pupils of one ethnic group or advocate ethnic solidarity.
- Texts and other materials for the junior-level courses referenced White people as "oppressors" and "oppressing" Latino people.
- The department's website "clearly indicates the program is primarily designed for pupils of a particular ethnic race; couple this with the fact that an extraordinary percentage of students enrolled in program classes are Hispanic (over 90 percent)."
Read more: http://www.azcentral.com/news/articles/2011/06/15/20110615arizona-ethnic-studies-violates-law-chief-says.html#ixzz1PRFJYV2N
You can keep the change!
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