The Damage Obama Has Done
By DICK MORRIS & EILEEN MCGANN
Published on
DickMorris.com on February 15, 2011
The mainstream media does not cover the full extent of the damage the
Obama Administration has inflicted on this country. Even FOX News 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 2009 |
Today |
% chg |
Source |
Avg. retail price/gallon gas in U.S. |
$1.83 |
$3.104 |
69.6% |
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, ex. military (curr = 12/10 prelim) |
2,779,000 |
2,840,000 |
2.2% |
3 |
Real median household income (2008 v 2009) |
$50,112 |
$49,777 |
-0.7% |
4 |
Number of food stamp recipients (curr = 10/10) |
31,983,716 |
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 |
2,600,000 |
6,400,000 |
146.2% |
3 |
Poverty rate, individuals (2008 v 2009) |
13.2% |
14.3% |
8.3% |
4 |
People in poverty in U.S. (2008 v 2009) |
39,800,000 |
43,600,000 |
9.5% |
4 |
U.S. rank in Economic Freedom World Rankings |
5 |
9 |
n/a |
10 |
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 prelim) |
1,575.1 |
1,865.7 |
18.4% |
13 |
U.S. money supply, M2, in billions (curr = 12/10 prelim) |
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 1,755 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
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!
ORDER SIGNED ADVANCE COPIES OF REVOLT!
CLICK HERE.
__________________________________________________________________________________________________________________________
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***COPYRIGHT EILEEN MCGANN AND DICK MORRIS 2011. ***
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