2011.02.15 – FNC – Glenn Beck
2010.11.04 – Glenn Beck on QE2 & Commodity Speculation (Food Prices To Skyrocket)
Report Card on Obama’s First Two Years
By K.E. Campbell | Posted January 20, 2011
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:
* This number is going to increase significantly within the next several weeks due to food and assumed food and gasoline/heating oil increases.
♦ This increase is a fraction of what it will be if the current budget is passed, and Obamacare isn’t totally repealed.
| Category | 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 |
| U.S. rank in Economic Freedom World Rankings | 5 | 9 | n/a | 9 |
| Consumer Confidence Index (curr = 12/10) | 37.7 | 52.5 | 39.3% | 10 |
| Present Situation Index (curr = 12/10) | 29.9 | 23.5 | -21.4% | 10 |
| Failed banks (curr = 2010 + 2011 to date) | 140 | 164 | 17.1% | 11 |
| National debt, in trillions | $10.627 | $14.052 | 32.2%♦ | 12 |
| 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 – Heritage Foundation and WSJ | ||||
| 10 – The Conference Board | ||||
| 11 – FDIC | ||||
| 12 – U.S. TreasuryOther Articles on the looming Food Crisis: |
Articles on the looming Food Crisis:
WORLD BANK: FOOD PRICES APPROACHING ‘DANGEROUS LEVELS’
Food Costs at Records as U.N. Warns of Volatility
President Obama’s Budget, Inflation and You | Glenn Beck
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