President Obama was sworn into office in January of 2009. The unemployment rate for that month was 7.6%. After more than two years of hope-n-change, unemployment for April of 2011 stood at 9.0%:
The unemployment rate edged up to 9.0 percent, the U.S. Bureau of Labor Statistics reported today.
The average price of gasoline during the week Obama was sworn in was $1.84. After more than two years of hope-n-change, the price per gallon at the beginning of May was at $3.96.
During 2008, the year preceding Obama’s move to the White House, the inflation rate hovered well below 1%. After more than two years of hope-n-change, the inflation rate is now approaching 3%.
The cost of living climbed in March 2011 for a ninth straight month as Americans were hit with sharply higher food and energy prices that pushed the annual rate of US inflation up from 2.1% to 2.7%.
To summarize, unemployment is 18% higher than it was when Obama took office. Meanwhile, the price of gasoline is more than 100% higher and the cost of living is heading up at light speed.
This is certainly change. So, when do we get some hope?
Comments 1
Inflation is much higher than the 3%, thanks to removing food and energy from the mix. I heard a report that if you figure in food and energy inflation is close to 10%. Love that hope and change. I hope Obama is a one term president because all I have left in my pocket is change.
Posted 07 May 2011 at 9:32 am ¶Post a Comment