In Case you were Wondering… Economy under HRH Obama

January 2009 economy vs July 2011:

Energy:  Gasoline was $1.67 a gallon then.  It’s now $3.79.

Food:  Average cost of a gallon of milk was about $2.65.  It’s about $3.50 today.

Housing:  The median cost of a home was $229,600.  Today it’s $217,900.

Budget deficit:  We fell $438 billion short of balancing the federal budget in 2008.  We missed it by $1.4 trillion this year—nearly four times higher. (And this was AFTER 2 years of a Pelosi/Reid Congress, that included HRH Obama, who voted for the debt he inherited as president…)

U.S. debt:  Total federal debt was $10.7 trillion then. It’s $14.5 trillion now—nearly 50% higher. (In 2009 dollars, the entire cost of WW2 was about $4.1 trillion, so Obama has borrowed and spent on his unions buddies what it cost us to beat Imperial Japan & NAZI Germany – combined….)

Unemployment:  Then, 7.3% of Americans were unemployed and 9.1% are unemployed today.

To be fair, not everyone has done poorly under Obama.  Federal government employees have made out like bandits.  Mercatus Center (George Mason University) economist Veronique de Rugy noted last January that “federal employment has grown by 98,000 employees since the start of the recession.”  And USA Today reported last year:  “Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made $61,051 in total compensation, according to the Bureau of Economic Analysis.”

… something to think about in the voting booth in November 2012…

About Alex Scipio

About Alex Scipio: Alex moved out of the People's Republic of California to the Free State of Arizona, finally tiring of the lack of the Bill of Rights, the overgrown idiocracy, and the catering to non-Americans & welfare recipients. He still wonders how America got from Truman, Eisenhower, and Daniel Patrick Moynihan to the Liberal and Conservative extremes so badly managing America today. And, yes, islam DOES need to be annihilated. And doing what he can to get folks away from the extremes of political life.
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