Can you spare some Change?

The Obama Report card

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

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 versusJapanese 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

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

Experience Counts

Read this today and thought I would pass along. Interesting data, food for thought.

A recent “Investor’s Business Daily” article provided very interesting statistics from a survey by the United Nations International Health Organization.

Percentage of men and women who survived a cancer five years after diagnosis:

  • U.S.             75%
  • England     46%
  • Canada      42%

Percentage of patients diagnosed with diabetes who received treatment within six months:

  • U.S.             93%
  • England     15%
  • Canada       41%

Percentage of seniors needing hip replacement who received it within six months:

  • U.S.            90%
  • England     15%
  • Canada      40%

Percentage referred to a medical specialist who sees one within one month:

  • U.S.             79%
  • England     40%
  • Canada       41%

Percentage of seniors (65+), with low income, who say they are in “excellent health”:

  • U.S.            14%
  • England     2%
  • Canada      6%

And last but not least

The percentage of each past president’s cabinet who had worked in the private business sector prior to appointment to the cabinet.

T. Roosevelt……….     38%

Taft………………….     40%

Wilson ……………..     52%

Harding……………..     49%

Coolidge…………….     48%

Hoover ……………..    42%

F. Roosevelt………..    50%

Truman………………    50%

Eisenhower…………     57%

Kennedy…………….    30%

Johnson……………..    47%

Nixon………………..    55%

Ford………………….    42%

Carter………………..    31%

Reagan………………    56%

GH Bush……………..    57%

Clinton ……………       39%

GW Bush…………….    58%

And the winner is:

Obama………………… 8%

That’s right! Only eight percent; the least, by far, of the last 19 presidents. And these people are trying to tell our big corporations how to run their business? They know what’s best for GM, Chrysler, WallStreet, and you and me?

How can the president of a major nation and society, the one with the most successful economic system in world history, stand and talk about business when he’s never worked for one? Or about jobs when he has never really had one? And it’s the same for 92% of his senior staff and closest advisers. They’ve spent most of their time in academia, government and/or non-profit jobs or as “community organizers.”

The Bus Tour

This was not a political re-election campaign trip, so you and I paid for it, not the Democratic National Committee. What a waste of our tax money!

And what this message did not tell you was that the buses were “made” in Canada … but
retrofitted for security hardware here in the U.S. – I feel so much better.

How stupid does he think we are?

Don’t answer that question.

Secret Service Buys Two New $1.1 Million Buses For Three-Day Trip …

US President Barack Obama (C) walks to his bus as he arrives in Minneapolis-St. Paul International Airport , Minnesota , August 15, 2011, where he is to begin his three-day bus tour in the Midwest centering on ways to grow the economy. (AFP PHOTO/Jim WATSON)

He FLIES into an airport somewhere in the midwest, hops into a brand new 1.1 Million $ bus, paid for by you and me, for a “bus tour” around the “midwest”, and after an hour or so, gets driven back to the airport for ANOTHER FLIGHT, lands at another airport where another 1.1 Million $ brand new black bus is waiting for him … and repeats all that until his midwest bus˜tour’”is done??

Oh yes …… and THEN he leaves on a 12 day vacation to Martha’s Vineyard ……. to REST UP from this campaign bus tour!

And don’t forget …….. those brand new shiny black buses aren’t DRIVEN to the location where they meet Obama. Those buses are loaded up on one or more C-17s. Then, they are flown to the destination ahead of AirForce 1.

AND! ……. this is REPEATED FOR EVERY CAMPAIGN STOP.

On this ‘bus tour’, the Prez will lecture the ‘little people’ on how they need to live within their means and cut-back! Remember when very recently Obama told that family man to GO BUY A HYBRID VAN when he said he couldn’t afford to fill up his truck ?

Obama’s ‘carbon footprint must be as large as most cities by now.

All of this on the taxpayer’s dime ….. But remember, this is NOT a campaign trip – it is “Meet with the people” trip only! So that the DNC does NOT pay a cent for all of this.

Interesting view on deficit spending

Source: unknown

The Washington Post babbled again today about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this BULL.

So once more, a short civics lesson.

Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.

Furthermore, the Democrats controlled the budget process for  2008 & 2009 as well as 2010 & 2011.

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.

If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself.

In a nutshell, what Obama is saying is I inherited a deficit that I voted for
and then I voted to expand that deficit four-fold since January 20th.