Monday, January 30, 2012

How's that Hopey Changey doin' for ya'?...

Here’s recap of Hope and Change since President Obama took office in Jan 2009. Comparing economic indicators starting in Jan 2009 to present day:
1. Federal debt has increased by 43% from $10.6 trillion to $15 trillion.
2. Americans living in poverty have increased by 16% from 39.8 million to 46.2 million.
3. Total unemployment (U6) has increased by 68% from 13.7 million to 23 million.
4. Price of gasoline has increased by 80% from $1.86/gal to $3.35/gal.
5. Americans on food stamps have increased 42% from 31.8 million to 45.2 million.
6. Home foreclosures per year have increased by 34% from 850,000 to 1,140,000.
7. Total bankruptcy filings per year have increased by 42% from 1,117,641 to 1,593,081.
8. Median Household incomes have declined by 4%.
9. Average selling price of new homes has declined by 10%.
10. US dollar compared to foreign currencies has declined by 8.7%. [US dollar index of 85.9 in Jan 2009 to 78.5 in Dec 2011.]
11. US dollar compared to gold has declined 105%. [ $855/ounce to $1750/ounce

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