Practical Obamunism

What 2 Years Have Wrought

Below is data on the impact the policies of Barack Obama have had on the lives of Americans.  Read it and weep.

H/T to Tom & Dave
January 2009 Current % chg Source
Avg. retail price/gallon gas in U.S. (regular conventional) $1.83 $3.104 69.6% 1
Selected Commodities:
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
Natural gas, Henry Hub, $ per MMbtu $4.85 $4.48 -7.6% 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
Consumer Price Index (for all urban consumers) 211.1 219.2 3.8% 3
Producer Price Index:  finished goods 170.3 183.0 7.5% 3
Producer Price Index:  all commodities 171.0 189.9 11.1% 3
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. uniformed military (curr = 12/10 prelim) 2,779,000 2,840,000 2.2% 3
Real median household income (2008 vs 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, in millions 2.6 6.4 146.2% 3
Poverty rate, individuals (2008 vs 2009) 13.2% 14.3% 8.3% 4
People in poverty in U.S. , in millions (2008 vs 2009) 39.8 43.6 9.5% 4
House price index (current = Q3 2010) 198.7 192.7 -3.0% 7
S&P/Case-Shiller Home Price Index: 20 city composite (curr = 10/10) 146.4 145.3 -0.8% 8
Number of properties subject of foreclosure filings, in millions 2.82 2.87 1.7% 9
DJIA (12,403 on 6/3/08, date BHO clinched Dem. nomination) 7,949 11,825 48.8% 2
NASDAQ (2,480 on 6/3/08) 1,441 2,725 89.1% 2
S&P 500 (1,378 on 6/3/08) 805 1,282 59.2% 2
Global Dow 1,356 2,153 58.8% 2
U.S. rank in Economic Freedom World Rankings 5 9 n/a 10
Consumer Confidence Index (curr = 12/10) 37.7 52.5 39.3% 11
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 preliminary) 1,575.1 1,865.7 18.4% 13
U.S. money supply, M2, in billions (curr = 12/10 preliminary) 8,310.9 8,852.3 6.5% 13
National debt, in trillions $10.627 $14.052 32.2% 14
Sources:
1 – U.S. Energy Information Admin.
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
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About Bob Mack

Retired since 2003. Military Service: U.S. Army, 36th Artillery Group, Babenhausen, Germany 1966-67; 1st Signal Brigade, Republic of Vietnam, 1967-68 Attended University of Miami, 1969-73
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7 Responses to Practical Obamunism

  1. boudicabpi says:

    Hi Bob,
    And due to individual circumstances many of us may be worse off than the figures above state.
    Bob A.

  2. anatheimp says:

    There is also Obama’s disastrous foreign policy. In relation to the Egypt situation I mentioned his cack-handed interventions (Reflections on the Revolution in Egypt).

    Oh, thanks ever so for the plug below. 🙂

  3. he has accomplished one thing in my mind, he has replaced Jimmy Carter as the worst president in history, and it only took two years…….

  4. Bo,
    Linked these numbers over at my place…
    Thanks,
    GA

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