1. Posted by
Walter Cronanty | June 16, 2011 7:40 AM | Score: 0 (0 votes cast)
Walter Cronanty:
Actually, when you use the stats as compiled when Carter was in office, you get a misery index higher than Carter's - http://www.economicpolicyjournal.com/2011/05/shadow-stat-misery-index-highest-on.html
"John Williams, over at Shadow Stats, compiles economic data for inflation and unemployment the way it used to be calculated pre-1990. Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate. If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president."
1. Posted by
Walter Cronanty | June 16, 2011 7:40 AM |
Score: 0 (0 votes cast)
2. Posted by
Upset Old Guy | June 16, 2011 8:01 AM | Score: 0 (0 votes cast)
Upset Old Guy:
Glenn Reynolds (Instapundit) has been consistent about declaring that a replay of Jimmy Carter was the BEST we could hope for with Obama. At this point it certainly is looking like any hopes in that vein were ill-founded. Jimmy is off the hook for "worst president ever."
2. Posted by
Upset Old Guy | June 16, 2011 8:01 AM |
Score: 0 (0 votes cast)
3. Posted by
Walter Cronanty | June 16, 2011 8:11 AM | Score: 0 (0 votes cast)
Walter Cronanty:
Why stop at Carter? He's worse than Hoover: http://www.cnbc.com/id/43395857
"It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data."
3. Posted by
Walter Cronanty | June 16, 2011 8:11 AM |
Score: 0 (0 votes cast)
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Comments (5)
Actually, when you use the ... (Below threshold)1. Posted by Walter Cronanty | June 16, 2011 7:40 AM | Score: 0 (0 votes cast)
Actually, when you use the stats as compiled when Carter was in office, you get a misery index higher than Carter's - http://www.economicpolicyjournal.com/2011/05/shadow-stat-misery-index-highest-on.html
"John Williams, over at Shadow Stats, compiles economic data for inflation and unemployment the way it used to be calculated pre-1990. Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate. If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president."
1. Posted by Walter Cronanty | June 16, 2011 7:40 AM |
Score: 0 (0 votes cast)
Posted on June 16, 2011 07:40
2. Posted by Upset Old Guy | June 16, 2011 8:01 AM | Score: 0 (0 votes cast)
Glenn Reynolds (Instapundit) has been consistent about declaring that a replay of Jimmy Carter was the BEST we could hope for with Obama. At this point it certainly is looking like any hopes in that vein were ill-founded. Jimmy is off the hook for "worst president ever."
2. Posted by Upset Old Guy | June 16, 2011 8:01 AM |
Score: 0 (0 votes cast)
Posted on June 16, 2011 08:01
3. Posted by Walter Cronanty | June 16, 2011 8:11 AM | Score: 0 (0 votes cast)
Why stop at Carter? He's worse than Hoover:
http://www.cnbc.com/id/43395857
"It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data."
3. Posted by Walter Cronanty | June 16, 2011 8:11 AM |
Score: 0 (0 votes cast)
Posted on June 16, 2011 08:11
4. Posted by GarandFan | June 16, 2011 9:05 AM | Score: 0 (0 votes cast)
So is Nancy going to 'donate' a couple of those millions to reduction of the national debt that she so ably contributed too?
Bueller? Bueller?
4. Posted by GarandFan | June 16, 2011 9:05 AM |
Score: 0 (0 votes cast)
Posted on June 16, 2011 09:05
5. Posted by liberalnitemare | June 16, 2011 11:01 AM | Score: 0 (0 votes cast)
Hmm, sounds like someone needs to be paying more taxes.
5. Posted by liberalnitemare | June 16, 2011 11:01 AM |
Score: 0 (0 votes cast)
Posted on June 16, 2011 11:01