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All Da King's Men

Feel The Change

By Da King Published: April 16, 2011

I'm going to be out of town until the end of next week, and my opportunities to blog will be limited. I'll try to post something if possible, but no guarantees.

I thought I'd leave you with this e-mail I received yesterday from a friend. It compares how things are now to how they were when President Obama took office in January 2009. The following data is a few months old, but on most fronts things have only gotten worse. The only area in which I see any improvement over the last few months is in unemployment. Those numbers have gotten slightly better, though unemployment is still our biggest immediate problem. The deficit/debt situation is our biggest long-term structural challenge, and that's the one that threatens our future as a country. As I wrote in my last post, Obama is failing miserably in dealing with that problem.

I call the following e-mail Feel The Change:
----------------------------------------------------------

After two years of Obama...Here's your change!

Avg.. Retail price/gallon gas in U.S.
January 2009: $1.83
Today: $3.104
% Chg: +69.6%
Source: 1

Crude oil, European Brent (barrel)
January 2009: $43.48
Today: $99.02
% Chg: +127.7%
Source:2

Crude oil, West TX Inter. (barrel)
January 2009: $38.74
Today: $91.38
% Chg: +135.9%
Source: 2

Gold: London (per troy oz.)
January 2009: $853.25
Today: $1,369.50
% Chg: +60.5%
Source: 2

Corn, No.2 yellow, Central IL
January 2009: $3.56
Today: $6.33
% Chg: +78.1%
Source: 2

Soybeans, No. 1 yellow, IL
January 2009: $9.66
Today: $13.75
% Chg: +42.3%
Source: 2

Sugar, cane, raw, world, lb. Fob
January 2009: $13.37
Today: $35.39
% Chg: +164.7%
Source: 2

Unemployment rate, non-farm, overall
January 2009: 7.6%
Today: 9.4%
% Chg: +23.7%
Source: 3

Unemployment rate, blacks
January 2009: 12.6%
Today: 15.8%
% Chg: +25.4%
Source: 3

Number of unemployed
January 2009: 11,616,000
Today: 14,485,000
% Chg: +24.7%
Source: 3

Number of fed. Employees, ex. Military (curr = 12/10 prelim)
January 2009: 2,779,000
Today: 2,840,000
% Chg: 2.2%
Source: 3

Real median household income (2008 v 2009)
January 2009: $50,112
Today: $49,777
% Chg: -0.7%
Source: 4

Number of food stamp recipients (curr = 10/10)
January 2009: 31,983,716
Today: 43,200,878
% Chg: +35.1%
Source: 5

Number of unemployment benefit recipients (curr = 12/10)
January 2009: 7,526,598
Today: 9,193,838
% Chg: +22.2%
Source: 6

Number of long-term unemployed
January 2009: 2,600,000
Today: 6,400,000
% Chg: +146.2%
Source: 3

Poverty rate, individuals (2008 v 2009)
January 2009: 13.2%
Today: 14.3%
% Chg: +8.3%
Source: 4

People in poverty in U.S. (2008 v 2009)
January 2009: 39,800,000
Today: 43,600,000
% Chg: +9.5%
Source: 4

U.S.. Rank in Economic Freedom World Rankings
January 2009: 5th
Today: 9th
% Chg: n/a
Source: 10

Present Situation Index (curr = 12/10)
January 2009: 29.9
Today: 23.5
% Chg: -21.4%
Source: 11

Failed banks (curr = 2010 + 2011 to date)
January 2009: 140
Today: 164
% Chg: +17.1%
Source: 12

U.S.. Dollar versus Japanese yen exchange rate
January 2009: 89.76
Today: 82.03
% Chg: -8.6%
Souirce: 2

U.S.. Money supply, M1, in billions (curr = 12/10 prelim)
January 2009: 1,575.1
Today: 1,865.7
% Chg: +18.4%
Source: 13

U.S.. Money supply, M2, in billions (curr = 12/10 prelim)
January 2009: 8,310.9
Today: 8,852.3
% Chg: +6.5%
Source: 13

National debt, in trillions
January 2009: $10.627
Today: $14.052
% Chg: +32.2%
Source: 14

Sources:

(1) U.S. Energy Information Administration; (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
--------------------------------------------------------
There's Obama's report card, and these are records he can't hide.

How do you think he's doing ?

I would also mention that federal spending was $2.983 trillion in 2008, and it's estimated to be over $3.8 trillion this year. That's an increase of 27% since The One took office, nearly $900 billion more in spending per year (and ObamaCare hasn't even kicked in yet. That happens in 2014). To put this in perspective, TOTAL federal spending didn't exceed $900 billion until 1985. It took this country 209 years to get over $900 billion in federal spending. Obama has almost matched that in 3 years. This also illustrates what a double-talking shyster our President is when he says his deficit reduction plan will save $4 trillion over ten years. So what ? He has already implemented spending INCREASES of $9 trillion over ten years. Even if his magical deficit reduction plan happens, he still adds $5-7 trillion more in deficits and about $7-9 trillion more in debt over a decade. His plan is a joke. It doesn't reduce anything other than the amount of deficit/debt he already established himself.

If anyone thinks Obama is doing a good job, I ask you...then what would a bad job look like ? A mushroom cloud ?

I'll end by plugging Congressman Ron Paul's effort to audit the Federal Reserve. That organization controls trillions of dollars, implements monetary policy, controls the value of the fiat money in your wallet, and operates in secrecy. You can help by signing the Campaign For Liberty's petition to Congress. In order to audit the Fed, Congress has to pass the legislation and Obama has to sign it. We the people should pressure them into doing it. Past Congresses and past administrations turned a blind eye to the Fed's activities.

See you when I get back.

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