The Consumer Price Index is up 8.4% under four years of Obama (November 2008 to November 2012).
Similarly measured, the CPI rose 10.05% in the first term of George W. Bush, 11.15% in the second term.
The worst record in the post-war period was Carter's four years when CPI rose over 47%. In Eisenhower's first term CPI rose just 3.07%.
Measured from April 1973 (after the world went to a floating exchange rate system of currencies in the wake of the end of the gold standard in August 1971) to April 1999, 26 years, CPI raged 280% (a factor of 10.8 per year).
From April 1947 to April 1973 (CPI data not available before 1947), CPI rose a comparatively more modest 99% over 26 years (a factor of 3.8 per year).
For the 13 years since 1999, April to April, CPI has risen just 38% (a factor of 2.9 per year).
A composite of measures for the consumer bundle going back to the year 1900 at measuringworth.com here provides an interesting tool for comparison purposes.
While the dollar suffered a 446% decline for the 73 years between 1900 and 1973, a factor of 6.1 per year, in the 38 years between 1973 and 2011 the 406% decline is a factor of 10.7 per year, 75% worse per year since moving to a floating exchange rate currency system.
Viewed more broadly from the point of view of gold, from 1932 (the year of FDR's election and before his massive 69% devaluation of the gold-linked dollar in the spring of 1933) to the present day, the devaluation of the dollar has been in excess of 1500%.
From 1790 to 1932 the dollar declined just 54%.
At this hour, gold is $1,656.80 the ounce, $1,636.13 the ounce higher than it was in 1932, the last year of its fixed price at $20.67 the ounce, just another way of expressing the devaluation of the dollar.
Similarly measured, the CPI rose 10.05% in the first term of George W. Bush, 11.15% in the second term.
The worst record in the post-war period was Carter's four years when CPI rose over 47%. In Eisenhower's first term CPI rose just 3.07%.
Measured from April 1973 (after the world went to a floating exchange rate system of currencies in the wake of the end of the gold standard in August 1971) to April 1999, 26 years, CPI raged 280% (a factor of 10.8 per year).
From April 1947 to April 1973 (CPI data not available before 1947), CPI rose a comparatively more modest 99% over 26 years (a factor of 3.8 per year).
For the 13 years since 1999, April to April, CPI has risen just 38% (a factor of 2.9 per year).
A composite of measures for the consumer bundle going back to the year 1900 at measuringworth.com here provides an interesting tool for comparison purposes.
While the dollar suffered a 446% decline for the 73 years between 1900 and 1973, a factor of 6.1 per year, in the 38 years between 1973 and 2011 the 406% decline is a factor of 10.7 per year, 75% worse per year since moving to a floating exchange rate currency system.
Viewed more broadly from the point of view of gold, from 1932 (the year of FDR's election and before his massive 69% devaluation of the gold-linked dollar in the spring of 1933) to the present day, the devaluation of the dollar has been in excess of 1500%.
From 1790 to 1932 the dollar declined just 54%.
At this hour, gold is $1,656.80 the ounce, $1,636.13 the ounce higher than it was in 1932, the last year of its fixed price at $20.67 the ounce, just another way of expressing the devaluation of the dollar.
