If you voted for Obama in 2008 to show you were not a racist, in 2012 you'll need to vote for someone else to show you are not an idiot.
To be fair, I'd love to see what the misery index annualized under all presidents Since Reagan's first day in office.
Edit: Also, was the unemployment rate calculated differently under Carter along with inflation? I know the use of "core inflation" is somewhat new and I can't recall if only core inflation was used for Carter's misery index. Also, when did the way unemployment/underemployment change? With the opt out of the job market, unemployment is probably not the same over different time periods. Obama's numbers are likely worse than in the article.
Hey libs, you hoped it changed. Well, it changed. Perhaps you should have asked for a definition of "change" before voting.
(06-17-2011 10:23 AM)smn1256 Wrote: [ -> ]YES WE CAN!!!!!!
Quote:Could it be any more miserable? Certainly. Under President Jimmy Carter, we were way more miserable, according the Misery Index, which adds the unemployment rate to the inflation rate. Under President Barack Obama, the dreaded index reached 12.70 last month, 62% higher than when Obama first took office. This marks the fourth straight monthly increase in the index and the editors at Investor’s Business Daily are a wee bit concerned:
“Admittedly, we’re a long way from the 21.98 peak during the Carter administration. But with Obama vigorously stirring the stagflation cauldron for the past 2 1/2 years, it should be no surprise that we’re heading in that direction.”
![[Image: ISSmis_110616.png.cms]](http://www.investors.com/image/ISSmis_110616.png.cms)
http://blogs.marketwatch.com/thetell/201...s-company/
Does the misery index use inflation and unemployment as calculated by the gubment now or as it was when Jimmy was in office? I suspect if the calculations used during Jimmy's administration were used now, the Misery Index would be much higher.
