Sunday, January 17, 2010

The Economy in Obama's first year

Some good and bad news. My comments in Red.

7,949.09 -- Dow Jones Industrial Average close on Jan. 20, 2009.
10,609.65 -- Dow Jones Industrial Average close on Jan. 15, 2010. (The Bright Spot..but how much of this is due to the natural recovery as opposed to the stimulus plan?)

13 million -- Number of people 16 and older unemployed as of January 2009.
14.7 million -- Number of people 16 and older unemployed as of December 2009. (and now for the bad news...)

7.7 percent -- Unemployment rate January 2009
10.0 percent -- Unemployment rate December 2009 (Wasn't the stimulus plan supposed to help with this?)

$787 billion -- Cost of economic stimulus approved by Congress. (and paid for by the taxpayer...)
$10.6 trillion -- Outstanding public debt Jan. 20, 2009. (A killer for future generations)

Source: http://www.washingtontimes.com/news/2010/jan/16/obamas-first-year-numbers/
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