Joyanna Adams

Nobody's Opinion

Nobody Gets Email: The Question is—Can We Still Hope?

Nobody Gets Email:
This email, was an eye-opener…When Obama starts running for re-election, hopefully his opponents will have some of these figures to throw at him.
(Thanks to Tom BeeBe)
We were promised Hope and Change.

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.

Here’s our 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

 

January 2009 TODAY

% chg

Source

June 11, 2011 Posted by | economy | | Leave a comment