How’s That “Change” Working out for You?

Barack Obama’s big campaign promise was “change.” He promised that if elected, he would transform America. At his presidential announcement speech on Feb. 10, 2007, two of his actual quotes were as follows:

“I’m in this race not just to hold an office, but to gather with you to transform a nation.”

“In the face of impossible odds, people who love their country can change it.”

Then on Oct. 31, 2008, as Election Day grew nearer, he said: “We are five days away from fundamentally transforming the United States of America.” And he’s been doing his best to live up to that promise ever since.

“…fundamentally transforming the United States of America.” That phrase always bothered me, because I happen to like America the way it is, the fairest and best country on the face of the earth – the one country where creativity, intelligence and determination can pay off for anybody if they’re willing to work hard for it. But Obama has been trying his best to change all that. After almost three years into his administration, I’m convinced Obama believes in “social justice” (code for redistribution of the wealth) and complete federal government control.

Attempting to turn the United States into a European-style entitlement state is certainly “change,” and a pretty radical change at that. Okay, we’re not Belgium yet, but Obamacare is a good start in that direction – the first step to socialized medicine. All through the campaign he used the terms “transform” and “change” to describe what he would do if he became president. Since we’re only a little over one year away from the next election, this might be a good time to examine just how well those “changes” are going so far.

Thanks to Obama’s federal spending spree of the last three years, our debt crisis is now at the point where the credit-rating agencies are saying the U.S. is at the brink of losing the AAA rating it has had since 1917. Federal governmental spending, mostly on entitlement programs, is at its highest since World War II.

Last week Senator Marco Rubio of Florida said, “Every aspect of life in America today is worse than it was when [President Obama] took over — unemployment higher, interest rates higher. The only thing that has gone down in America over the last two years is the value of your home. This president has mismanaged this economy. He has been incompetent in his management of this economy.“

The old saying is, “Figures don’t lie,” so let’s take a look at some figures. According to the Bureau of Labor Statistics, the unemployment rate in June 2008 was 5.6%. For June 2011 it was 9.2%. That’s definitely change, I must admit. Check out these other stats. All of them from reliable sources as indicated in the

( ) brackets.

After almost three years of Obama… Here’s your Change:

 Avg.. Retail price/gallon gas in U.S.
$1.83
$3.64
+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)
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..342
+32.2%
(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; (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

Those are the stats and I’ve given you the sources — check them out for yourself. And as Election Day 2012 draws closer, just remember the words that were said in 2008 by the man of the future, the candidate of “change,” Barack Obama, who declared to the world that his nomination would mark the moment “when the rise of oceans began to slow and our planet began to heal.” Are we healed yet, oh mighty B.O.?

Custom Search

More from this section

More from this author

rss Subscribe to this author