Misery Index At 28 Year High

[AgeOfEnlightenmentSCP]

www.cnbc.com/id/43441924

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.

[NoMoreLunacy]

a number not seen since 1983

And we all know Regan was not a one term President. So looking good for Obama.

[ed1066]

Obama regime decree: misery is happiness...

[Savoir Faire-Demogague in NJ]

The hard core left loves misery. Misery puts the ignorant masses dependent on govt handouts.

[jkapp]

Jun 17, 2011 13:20:48 GMT -5 NoMoreLunacy said:

a number not seen since 1983

And we all know Regan was not a one term President. So looking good for Obama.

And George HW Bush was a one-termer because he raised taxes...so you must want Obama out because that's what you keep calling for him to do