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  • taxigringo taxigringo Jan 29, 2012 9:59 PM Flag

    29 months of change

    I'm not trying to start a war on this board. It is Sunday and until new news comes in it is my way of presenting something as a curiosity. Keep in mind the following information only includes the first 29 months. Current conditions are considerably worse.

    After two years of Obama ... Here's your change!

    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 7,555 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

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