Last edited by AdamT; 12-05-11 at 03:33 PM.
Misery Index By Month
October posted a decline in misery index. Doh!
Don't take his "facts" for truth because they are wrong most of the time.
Ted Cruz is the dumbest person alive.
So why don't we just tell the truth, eh? Reagan inherited a massive recession from Carter. Obama inherited a massive but very different sort of recession from Bush. The economy turned around under Reagan thanks in large part to the fiscal measures taken by Paul Volker. Reagan himself helped to repair the economy by instituting massive stimulus in the form of tax cuts, which unfortunately resulted in massive deficits. He did so with a Democratic Congress that was generally cooperative. Obama is in a much tougher situation insofar as he inherited much higher debt and already low taxes, and he has to deal with a Republican minority that opposes nearly everything he puts forward.
Bottom line, the unemployment rate dropped because the number of people who gave up looking for work fell off the radar screen. Most of the "increase" in unemployment is likely seasonal employees that will go away in January.