Report Card on Obama’s First Two Years

Two years ago today, Barack Obama was inaugurated as president of the United States.  Are you better off today than you were two years ago?

Numbers don’t lie, and here are the data on the impact he has had on the lives of Americans:

 

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

       

14 – U.S. Treasury

       

By K.E. Campbell

About Ask Marion

I am a babyboomer and empty nester who savors every moment of my past and believes that it is the responsibility of each of us in my generation and Americans in general to make sure that America is as good or even a better place for future generations as it was for us. So far... we haven't done very well!! Favorite Quotes: "The first 50 years are to build and acquire; the second 50 are to leave your legacy"; "Do something that scares you every day!"; "The journey in between what you once were and who you are becoming is where the dance of life really takes place". At age 62 I find myself fighting inoperable uterine Cancer and thanks to the man upstairs and the prayers from so many people including many of my readers from AskMarion and JustOneMorePet... I'm beating it. After losing our business because of the economy and factors related to the re-election of President Obama in 2012 followed by 16-mos of job hunting, my architect-trained husband is working as a trucker and has only been home approximately 5-days a month since I was diagnosed, which has made everything more difficult and often lonely... plus funds are tight. Our family medical deductible is 12K per year for two of us; thank you ObamaCare. But thanks to donations from so many of you, we are making ends meet as I go through treatment while taking care of my father-in-law who is suffering from late stage Alzheimer's and my mother-in-law who suffers from RA and onset dementia as well as hearing loss, for which there are no caretaker funds, as I continue the fight here online to inform and help restore our amazing country. And finally I need to thank a core group of family, friends, and readers... all at a distance, who check in with me regularly. Plus, I must thank my furkids who have not left my side through this fight. You can see them at JustOneMorePet.
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