Are We Better Off Now?

After two years of Obama ...

Here's your change!

	January 2009	TODAY	% chg	Source
Avg.. Retail price/gallon gas in U.S.	$1.83	$3.44	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

THE PRESIDENCY

SOME WILL APPRECIATE THIS AND SOME WILL NOT.

HOWEVER, ALL OF IT IS TRUE.  

So, tell me again, what is it about Obama that makes him so brilliant and impressive? Can't think of anything? Don't worry. He's done all this in 24 months -- so you'll have one year and ten months to come up with an answer.

End Game

For the dozen or so persons who have actually read this blog, perhaps you have noticed I have been absent for some time. A huge attack of ennui has overtaken me, fueled by the daily affirmation of impending economic disaster, brought about by a quacksalver President who is hell bent on destroying this country. He and his ilk have brought us to the point of no return, so no sense spending anymore time jawing about it, just plain time to hunker down and ride out the consequences

JP.