Economic Collapse – Barry Soetoro Is Counting On

Tom Williams 
Mon: Feb 14, 2011 
Subject: Obama Economy Fuzzy Math 
www.morningliberty.com  

Why such currently low rates of inflation being reported? Perhaps, because those keeping score do not include 'gas and grocery' price increases among the monitored categories.  

Time for the revelation of some very interesting numbers:

  Are you better off  than you were two years ago? Numbers don't lie, and here are the data on the impact he (one would presume Obama) 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

C rude 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) Wal l 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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