The Constitution was made to guard the people against the dangers of good intentions." --American Statesman Daniel Webster (1782-1852)

Saturday, February 19, 2011

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 2009Today% chgSource
Avg. retail price/gallon gas in U.S.$1.83$3.10469.6%1
Crude oil, European Brent (barrel)$43.48$99.02127.7%2
Crude oil, West TX Inter. (barrel)$38.74$91.38135.9%2
Gold: London (per troy oz.)$853.25$1,369.5060.5%2
Corn, No.2 yellow, Central IL$3.56$6.3378.1%2
Soybeans, No. 1 yellow, IL$9.66$13.7542.3%2
Sugar, cane, raw, world, lb. fob$13.37$35.39164.7%2
Unemployment rate, non-farm, overall7.6%9.4%23.7%3
Unemployment rate, blacks12.6%15.8%25.4%3
Number of unemployed11,616,00014,485,00024.7%3
Number of fed. employees, ex. military (curr = 12/10 prelim)2,779,0002,840,0002.2%3
Real median household income (2008 v 2009)$50,112$49,777-0.7%4
Number of food stamp recipients (curr = 10/10)31,983,71643,200,87835.1%5
Number of unemployment benefit recipients (curr = 12/10)7,526,5989,193,83822.2%6
Number of long-term unemployed2,600,0006,400,000146.2%3
Poverty rate, individuals (2008 v 2009)13.2%14.3%8.3%4
People in poverty in U.S. (2008 v 2009)39,800,00043,600,0009.5%4
U.S. rank in Economic Freedom World Rankings59n/a10
Present Situation Index (curr = 12/10)29.923.5-21.4%11
Failed banks (curr = 2010 + 2011 to date)14016417.1%12
U.S. dollar versus Japanese yen exchange rate89.7682.03-8.6%2
U.S. money supply, M1, in billions (curr = 12/10 prelim)1,575.11,865.718.4%13
U.S. money supply, M2, in billions (curr = 12/10 prelim)8,310.98,852.36.5%13
National debt, in trillions$10.627$14.05232.2%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
In our new book, Revolt! (Due out March 1 – you can pre-order autographed copies now at DickMorris.com) we explain how Obama has wrecked our economy and chart a path to reverse the damage and defeat him in 2012.
These numbers make it crystal clear how crucial these two tasks really are!

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