06 July 2012

The Misery Index

The Misery index was developed in the 60's and simply took the Unemployment rate and added it to the inflation rate. The Fed is keeping inflation low - for now. But they're doing it by manipulating M1 and M3. Right now (July 6, 2012) the Misery index is 9.9% However, if you use the real unemployment rate of 15%, and assume 2% inflation, then the real Misery Index would be 17% (the highest index rate was 21.98% in June of 1980) _~_~_~_~_~_~_~_~_~_~_~_~_~_ When Reagan was in office, the Left was quick to turn almost every negative news item into a travesty; and a life-lesson that Trickle Down economics would unravel our country and throw tens of thousands into the streets. Reagan's policies were proven to be successful and enduring. My question is: Where are the Leftist news wonks now? We are experiencing tremendous economic hardships - brought on exclusively by the policies of Barack Hussein Obama - and we get silence and diversions from the State-Controlled Media. Here's a snap shot from Today's Drudge report: Here are the low lights - Just 80,000 jobs added in June... One-third at temp agencies... 85,000 WENT ON DISABILITY IN JUNE! Broader Jobless Rate At 14.9%... Unemployment rate for blacks jumps to 14.4%... Rate stuck at 11% for Hispanics... 780,000 Fewer Women Employed Under Obama... WHITE HOUSE: 'NO QUICK FIXES'... Romney: 'It Doesn't Have To Be This Way'... Anxiety mounts as economy limps into 2nd half... DOW PLUNGES... Team Obama predicted 5.6% today with stimulus... IMF to cut global growth forecast... 'Tilted to the downside'... That is one day's headlines from one news source. And that is just employment data. It is really worse than you might think. The government uses a "U3" number to show the unemployment rate, but it is not as realistic because it doesn't include people who've dropped out or quit looking for work. The proper number is the "U6" ... it is hovering at almost 15%. 780,000 fewer women have jobs since Obama took office... so who's committing a "War against Women"? Obama is driving our economy into the toilet and the media "watch dogs" are nowhere to be seen from or heard. Meanwhile, George Bush is quietly doing good deeds and not thumping his own chest about it. Do you think Obama would be doing the same? Hell no - every little thing this cretin does is hailed as some historic event. As much as I criticized Bush for his "big spending" RINO administration, he's 10 times the Man, and 10 times the President than the one we have now. .... to be continued ....

3 comments:

Anonymous said...

I believe that the way the rate of inflation is calculated has also been changed by not using the gasoline or food prices to reflect the actual increase.

Anonymous said...

Good to have you back, where you been ?

Anonymous said...

George Bush is quietly doing good deeds? Get real!!!


The same Bush II who started the country down this financial mess? The president, no matter who, even Obama, sides with the rich. that's the way it is, until the American people wake up.

"leftisthebest"