Money & The Economy

Here are Your Hope N Change Numbers after 2 years: You do the math.

Photo of Rich Mitchell Rich MitchellFebruary 18, 2011
3
  I recently recieved an email today that pretty much sums up our country’s status in one simple chart.
(Special thanks to my brother Bernie for the email) 
 
After two years of Obama…

 

 
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 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
   I am a  firm believer in the saying that numbers do not lie, folks. We are in big trouble here and Obama’s recent fake budget proposal could very well finish off Americas economy. Thus the importance of supporting our representatives in Congress and our State Governors, in their quest to install some fiscal sanity into our country today.

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Photo of Rich Mitchell Rich MitchellFebruary 18, 2011
3
Photo of Rich Mitchell

Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

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3 Comments

  1. We are so far in the hole I don’t know if we can ever dig ourselves out again. It’s sad that our country has gone down this road.

  2. For once a candidate accomplishes his campaign slogan. Change, I just wish I still had some left in my wallet.

  3. Now this past week we saw gasoline prices skyrocket across the nation, with hardly a word from the MSM Obama Pimps.Groceriesa are way up lately too, with more price increases being announced this month.

    The bottom line is that the working class still isn’t speaking up enough here. Too many parasites are being paid to spread the liberal lies ,thus creating the gut-feeling I have of real economic collapse in America soon if this country doesn’t take stiff action and soon.

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