THE DAMAGE OBAMA HAS DONE

The mainstream media does not cover the full extent of the damage the Obama Administration has inflicted on this country. Even FoxNews often doesn’t have the time to go into sufficient depth to explain what is happening.

From our friend Ruth S. King comes a chart which all of us should read and absorb, sobering though it may be:

• 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!

(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

No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!
- Ronald Reagan

Just Words Just Speeches
Barack Obama - 2008