Obama's First Two Years

Two years ago today, Barack Obama was inaugurated as president of the United States. The following is a summary of prices of various goods and the impact of the current administration.

Item January 2009 TODAY % Change Source
Avg. retail price/gallon gas in U.S. (regular conventional) $1.83 $3.104 69.6% 1
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
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 foreclosurefilings, in millions 2.82 2.87 1.7% 9
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

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 HISTORY. OVER 27 TIMES AS FAST.

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


Last modified on: Wednesday, 28-Dec-2011 14:14:52 EST
Page Count: 344