Obama is the Narcissist Failure

February/01/2011 16:40PM
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Here’s the data for President Obama’s performance review. If he worked for you, would you have retained him as an employee, an executive? You can add $1.5 trillion to the debt using the current fiscal year forecast. Over $5 trillion during his short tenure. 

Do the soaring oratory skills offset the data? Does the Noble Prize? Does his minority status? Read the data. Has he helped the poor? Who has benefitted from his presidency? You tell me.    

January 20, 2011 
Report Card on Obama’s First Two Years 
By K.E. Campbell 
Two years ago today, Barack Obama was inaugurated as president of the United States.  Are you better off today than you were two years ago? 

Numbers don’t lie, and here are the data on the impact he has had on the lives of Americans:

  January 2009 Current % chg Source
         
Avg. retail price/gallon gas in U.S. (regular conventional) $1.83 $3.104 69.6% 1
Selected 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
Consumer Price Index (for all urban consumers) 211.1 219.2 3.8% 3
Producer Price Index:  finished goods 170.3 183.0 7.5% 3
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 foreclosure filings, in millions 2.82 2.87 1.7% 9
DJIA (12,403 on 6/3/08, date BHO clinched Dem. nomination) 7,949 11,825 48.8% 2
NASDAQ (2,480 on 6/3/08) 1,441 2,725 89.1% 2
S&P 500 (1,378 on 6/3/08) 805 1,282 59.2% 2
Global Dow 1,356 2,153 58.8% 2
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
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