Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19
The Exponential Stocks Bull Market Explained - Video - 13th Mar 19
TSP Recession Indicator - Criss-Cross, Flip-Flop and Remembering 1966 - 13th Mar 19
Stock Investors Beware The Signs Of Recession / Deflation - 13th Mar 19
Is the Stock Market Still in a Bear Market? - 13th Mar 19
Stock Market Trend Analysis 2019 - 13th Mar 19
Gold Up-to-Date' COT Report: A Maddening Déjà Vu - 12th Mar 19
Save Fintech? Ban Short Selling. It's Not That Simple - 12th Mar 19
Palladium Blowup Could Expose Scam of Gold & Silver Futures - 12th Mar 19
Next Recession: Concentrating Future Losses & Bringing Them Forward In Time As Profits - 12th Mar 19
The Shift of the Philippine Peso Regime - 12th Mar 19
Theresa May BrExit Back Stab Deal Counting Down to Resignation, Tory Leadership Election - 12th Mar 19
Phase 1 of Stock Market Correction - 11th Mar 19
Long Awaited Stock Market Pullback has Finally Arrived - 11th Mar 19
US Presidential Cycle and the Stock Market - Video - 11th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - 11th Mar 19
Chinese Economic Data Shakes the Global Stock Markets - 11th Mar 19
The Fed Is Playing a Dangerous Game - 11th Mar 19
The Stock Market Has Called the Fed’s Bluff, What’s Next? - 11th Mar 19
Turkey Holiday Bazaar Extreme Jewelry Price Haggling - Fethiye Market - 11th Mar 19

Market Oracle FREE Newsletter

Stock and Finanacial Markets Trading Analysis Worth

Stunning Data: Obama’s First Two Years a Complete Disaster

Politics / US Politics Feb 10, 2011 - 11:42 AM GMT

By: Mac_Slavo

Politics

Best Financial Markets Analysis ArticleThe argument will be that President Obama inherited this crisis, recession, depression or whatever you want to call  it. But we didn’t hear any complaints during the 2008 election campaign, so we assume that President Obama wanted the job and had a grasp of what it was he was signing on for.

He got the job based on great marketing and the many promises made to his constituents. Many of them believed they’d receive free gas, free homes, and that they wouldn’t have to work for the American dream - it would simply be handed to them.


Oh, how very wrong they were. As with all promises from politicians, one should always expect exactly the opposite.

George Bush most certainly made a mess of things. President Obama promised to change that.

According to this data, however, the hope that millions had in President Obama was for naught. It really is stunning how bad things have gotten, and worse, conditions will continue to deteriorate unless the magic money printing presses of the Federal Reserve and continued spending by Congress somehow manage to turn it all around. Given that we’ve spent trillions already, engaged in destructive monetary policy, and learned absolutely nothing, we suspect the trends below will continue:

January 2009 TODAY % chg Source
Avg. retail price/gallon gas in U.S. (regular conventional)

$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

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

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 [Data sourced by K.E. Campbell of American Thinker]

Hat tip Patriot One

By Mac Slavo
http://www.shtfplan.com/

Mac Slavo is a small business owner and independent investor focusing on global strategies to protect, preserve and increase wealth during times of economic distress and uncertainty. To read our commentary, news reports and strategies, please visit www.SHTFplan.com

© 2011 Copyright Mac Slavo - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Mark Orr
11 Feb 11, 13:37
Just stats

All you did was dump a bunch of stats without even suggesting an alternate course of action and how it may have made a difference. The Presidential campaign stated long before the election in 2006. So to say Obama wanted the job of repairing the crisis is really idiotic. When he took over the situation was still in a death spiral. Do you honestly think even Superman could have turned things completely around in a mere 2 years?


Braz
22 May 12, 15:44
Obama - One term

Barrack said in several campaign speeches that "If I cannot turn this economy around then this will be a one term deal." That's the only promise I expect him to keep.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules