DHUnplugged #161: Are We Better Off Now?

September 6, 2012 11:46 am

The Democratic Convention is is full swing – lots of hope, promise and blame. Are we better off that we were a few years ago, Pre-Obama? We hit on the important data points. Plus some stock ideas and lots more…

Some data points to consider:

  • F/T Employed then: 117 million, employed now 114 million
  • U6 Unemployment rate then: 14% – now 15%
  • Real wages up 0%
  • National Debt then: 10.6 trillion, now 16 trillion
  • Average price of gas then: $1.88, now $4.00
  • SPX then 950, now 1,400
  • Total GDP then 12,846  now 13,546 (billion)
  • Total Gvt Spending then 2,908 now 3,052 (billion)
  • FED balance sheet 2 trillion plus now from under 200 billion
  • Income for Black households fell 11.5% during Obama’s Presidency vs 5.2% for white households

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