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lquadland10 (< 20)

A friend sent this to me.

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March 01, 2011 – Comments (5) | RELATED TICKERS: SLV , AUY , POT

Good old Ben said we have low inflation. For who is the inflation low? Not me. Two years ago Barack Obama was inaugurated as president of the United States . 

Are you better off today than you were two years ago? Numbers don't lie, and here is the data on the impact he has had on the lives of Americans:

 

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 1,755 MPH!  This is a disaster!

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

Smile its all good. Still buying gold silver and what not. 

5 Comments – Post Your Own

#1) On March 01, 2011 at 10:11 PM, lquadland10 (< 20) wrote:

http://www.usdebtclock.org/

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#2) On March 02, 2011 at 1:21 AM, SockMarket (35.76) wrote:

Just curious, does anyone know what it was under Bush?

Id imagine it is pretty ugly...

 

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#3) On March 02, 2011 at 9:30 AM, louchios50 (< 20) wrote:

what about carter?

 

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#4) On March 02, 2011 at 7:11 PM, lquadland10 (< 20) wrote:

All is pretty ugly. Try what it is from the time the FED was establish. The dollar is now worth about 2 cents. It also takes about 8 cents to make the penny. Ech I do not totally blame carter bush or Obama. I blame the FED as well as the presidents and congress. Oh and in 2000 the total budget was 5 trillion before bush and Obama added total coverage to Prescrption Drugs for all Seniors. Clinton bush buffett and seoros now get their drugs on our dime as far as I can figure out. I could be wrong.

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#5) On March 04, 2011 at 3:59 PM, griderX (97.27) wrote:

This is wrong on so many levels...

Do you think ANYONE could have prevented what just happened over the last two years?

If you think the answer is YES, then just walk away from the spinning top...it's bound to stop spinning at some point ;)

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