The following items are from January 2009 and today: The average retail price/gallon gas in USA $1.83, today $4.19; crude oil $43.38, today $112.00; gold (per troy ounce) $853.25, today $1,500.00; corn No. 2 yellow bushel $3.56, today $8.20; soybeans, No. 1 yellow bushel 49.66, today $14.55; sugar cane, raw per pound $13.37, today $37.33; number of unemployed 11,660,000, today 14,585,000; number of food stamps recipients 32,000,000, today 43,200,000; people in poverty 39,000,000, today 43,600,000; U.S. rank in economic freedom world ranking 2009 fifth, today: 9th; value of U.S. dollar $.89, today $.82; national debt in trillions $10.6, today $14.5. On the last item, the last two years, we have accumulated our national debt at a rate more than 27 times as fast as during the rest of our entire nation’s history.
Next we’ll look at the percentage of each president’s cabinet going back 100 years. The number of each cabinet who had worked in the private business sector prior to their appointment to the cabinet. You know what the private business sector is? A real-life business, not a government job. Top of the list is Ronald Reagan at 58 percent; last on the list Obama at 8 percent. This helps to explain the incompetence of this administration, only 8 percent of them have ever worked in private business, and these are the people who are telling our big corporations how to run their business. They know what is best for GM, Chrysler, Wall Street and you and me.
How can the president of a major nation and society, the one with the most successful economic system in the world today, stand and talk about business when he has never worked for one?
President Obama and his cabinet have spent most of their time in academia, government, and non-profit jobs or as “community organizers.”
— Bob Glavich, Grand Haven