red states rule
06-18-2011, 02:40 AM
So Obamas policies have NOTHING to do with the current sate of the economy?
Obama and the Dems have tunred the economy around eh?
Well as we head into 2012 Obama owns this economy and the new campaign slogan for Obama 2012 will be something like
"We fixed everything except what Bush broke"
Meanwhile in the REAL world...............
http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__GOVERNMENT_POLITICS/CONCEPTS/unemployed_misery_200.jpg
When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.
In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.
The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008.
The good news, of course, is that the Fed-led Paul Volcker embarked on a highly successful inflation-slaying campaign that brought the level of misery down sharply through the rest of the ’80s recovery decade.
The bad news, of course, is all the bad news.
http://www.cnbc.com/id/43441924
Obama and the Dems have tunred the economy around eh?
Well as we head into 2012 Obama owns this economy and the new campaign slogan for Obama 2012 will be something like
"We fixed everything except what Bush broke"
Meanwhile in the REAL world...............
http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__GOVERNMENT_POLITICS/CONCEPTS/unemployed_misery_200.jpg
When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.
In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.
The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008.
The good news, of course, is that the Fed-led Paul Volcker embarked on a highly successful inflation-slaying campaign that brought the level of misery down sharply through the rest of the ’80s recovery decade.
The bad news, of course, is all the bad news.
http://www.cnbc.com/id/43441924