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Obamanomics apparently working guys


the watcher
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Yeh, I guess that's why the Bluefield area is losing 164 jobs by April...economic surprises, baby!!! And get ready for $4.00/gallon gas too...more economic surprises, baby!!!

 

Plain and simple, the economy sucks...and that's NO SURPRISE, BABY!!!

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Guest The Variable

 

Over 1 million unemployed left the system last month. Thats 1 million unemployed that are no longer counted.

 

Listen to Santelli, instead of one of the worst Forbes articles that I have ever read.

 

BTW, whatever happened to you leaving until after the election?

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After 29 months of Obama ...

 

 

Here's your change!

 

 

January 2009

TODAY

% chg

Source

 

Avg.. Retail price/gallon gas in U.S.

$1.83

$3.44

84%

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

2,779,000

2,840,000

2.2%

3

 

 

 

 

Real median household income

$50,112

$49,777

-0.7%

4

 

 

 

 

Number of food stamp recipients

31,983,716

43,200,878

35.1%

5

 

 

 

 

Number of unemployment benefit recipients

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

13.2%

14.3%

8.3%

4

 

 

 

 

People in poverty in U.S.

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

29.9

23.5

-21.4%

11

 

 

 

 

Failed banks

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

1,575.1

1,865.7

18.4%

13

 

 

 

 

U.S.. Money supply, M2, in billions

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

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Guest The Variable
I blame the Bush/Cheney era for the mess...not just them but everyone in washington...and the Obama era and everyone in washington for not fixing it...they all suck.

 

FDR started it, if you want really look who needs the the finger pointed at them. Johnson blew it with the War on Poverty which has been an epic waste of money that has provided no tangible results. Carter added on Fannie Mae to Freddie Mac. Bush/Clinton/Bush did nothing to help things and Obama remains supportive of sub prime lending.

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You cannot expect the Feds to prop up Bluefield .Either start your own business or go to where the jobs are . The government cannot do everything for you G-man . That is pure left wing garbage.

 

Our country does not need the government to do anything for us but get out of our way!! We do need the government to protect us from evildoers however.

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Guest The Variable
You cannot expect the Feds to prop up Bluefield .Either start your own business or go to where the jobs are . The government cannot do everything for you G-man . That is pure left wing garbage.

 

The government has shown (especially under obama) that it can do a great deal by interfering and screwing things up.

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You cannot expect the Feds to prop up Bluefield .Either start your own business or go to where the jobs are . The government cannot do everything for you G-man . That is pure left wing garbage.

 

I don't think GMAN is looking for the feds to prop up Bluefield or anywhere else in America, I believe he does however expect the fed to get out of Bluefield and every other local economy by limiting its centralized planning and over regulation.

 

Then an environment for opening a business and creating jobs would be possible. With the current administration and the last, rewarding failure and picking winners and losers, the American economy cannot and will not recover. The answer is LESS government not more!

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our country does not need the government to do anything for us but get out of our way!! We do need the government to protect us from evildoers however.

 

BING!!!!

 

the government has shown (especially under obama) that it can do a great deal by interfering and screwing things up.

 

BANG!!!

 

i don't think gman is looking for the feds to prop up bluefield or anywhere else in america, i believe he does however expect the fed to get out of bluefield and every other local economy by limiting its centralized planning and over regulation.

 

Then an environment for opening a business and creating jobs would be possible. With the current administration and the last, rewarding failure and picking winners and losers, the american economy cannot and will not recover. The answer is less government not more!

 

BOOM!!!!

 

Go away...

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