If you think the numbers in the table below will lead to a better future for you and your family, you should vote for Obama in 2012.
On the other hand, if you recognize that the table below represents utter destruction of lives, hopes, families and dreams, and that, yes, this IS Obama’s fault, then you should vote for Romney, whether you agree with him on everything or not. (The economy inherited by Reagan from Carter(D), BTW, was worse than what Obama inherited from Bush – higher unemployment, worse prime interest rate, higher inflation. It is only conceit that allows Obama and his sycophantic media to continue to proclaim ‘the worst since the Great Depression,’ which these same policies made worse, as well.)
Remember, it isn’t as though Obama and his team did not know this economic disaster would result from his policies. FDR used these same Keynesian policies in the Depression, and created the same result. Every nation ignoring Keynes exited the Depression years before America did. These policies – Keynes – used by FDR and Obama ALWAYS result in economic destruction. Doesn’t matter if you agree with that statement any more than if you agree with gravity.
|
After three years of Obama … |
Here’s your change!
|
January 2009 |
TODAY |
% chg |
Source |
||||
|
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 |
|||
|
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
