General News

Commentary on General News

On Obama energy policy

Obama restricting supply of oil in the US April, 2012

Obama Administration delays decidion on Keystone pipeline until 2013

If the lights go out call the EPA WSJ Dec. 6, 2012

Restricting oil supply

Hurting the middle class

On the economy

Why the unemployment number is a phony number and ecomony is worse than last year

On Washington politics

The Budget Sequester's Silver Lining WSJ Nov 18, 2011

Like him or not Newt is right about this

Obama abanding the white working class WSJ Nov 29, 2011

On Obama policies hurting the economy

Obama Tax hikes bad forAnericans Heritage Foundation 9/23/2010

Obamacare hurts businesses

On the Nov 2012 election

Obama is out of touch with threat from Iran

On Democrats policies hurt Connecticut economy

Corportate welfare is expensive

 

 

 

After two years of Obama...

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 Adminis

tration; (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

 

 

 

 

Stephen Reilly

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Comfortable Living in Westport Connecticut and Surrounding Towns