CAN OBAMA’S RHETORIC WIN IN 2012?

I believe that a second term is not in the cards for Obama.  He has entirely too much baggage as a result of the decisions he has made thus far.  Take a look at some of the damage he has done in just two years, as published by Dick Morris. Due to space considerations, this is a partial view of the published chart.

THE DAMAGE OBAMA HAS DONE

 By DICK MORRIS & EILEEN MCGANN

Published on DickMorris.comDickMorris.comDickMorris.comDickMorris.com on February 15, 2011

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The mainstream media does not cover the full extent of the damage the Obama Administration has inflicted on this country. Even FOX News often doesn’t have the time to go into sufficient depth to explain what is happening.

From our friend Ruth S. King comes a chart which all of us should read and absorb, sobering though it may be:

  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 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

PLEASE NOTE:

Most of these categories have gotten worse in only one month since this chart was published.  Obama continues his idiotic drilling moratorium as gas prices are over $4.00 a gallon, oil exceeds $100 a barrel and the economy continues to deteriorate.

As the Mideast is aflame, prices rise for all commodities, the National Debt rises at a meteoric pace and unemployment continues to escalate, Obama and his family jet away on a taxpayer-supported vacation in Brazil, Peru and El Salvador.  I can only believe that he hates this country and is trying his best to turn it into a third world nation while bleeding the taxpayers for all he can in the way of world travels.


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