... Just based on the misery index, which is worse ... ? An economy with 4% unemployment and 2% inflation (misery index of 6.0) ? Or an economy with 10% unemployment with 5% deflation (misery index of 5.0)? Now, for extra credit, explain why the misery index indicates the former is worse...
And the record is clear. Republicans submitted two bills to increase regulation of the GSE's while they were in charge. Democrats did not filibuster either one and neither bill was placed on the legislative calendar to be put to a full vote on the Senate floor.
I even gave you the links to the bill so you could see for yourself. It's a pity you either didn't understand them or didn't bother to read them; either way, it's a reflection on you not knowing what happened, even when showed the record.
The record demonstrates that you are a liar. With full Democrat opposition to the bill it was withdrawn because it would not have passed the 60 vote cloture rule for a floor vote. That's why they tried to reintroduce a very similiar bill the next year but again, Democrats blocked any reform down a party line vote. It wouldn't have passed the 60-vote cloture needed on the Senate floor. Democrats only needed 41 votes to stop an up or down vote. You're acting like they were powerless and stood by twiddling their thumbs. It doesn't pass the laugh test.
Here's a speech Barney Frank gave in 2003
Barney Frank on Fannie Mae and Freddie Mac in 2003 | Tax Foundation
Frank calling it a "phony issue" as he and his fellow Democrats repeatedly tried to block any GSE reformFannie Mae and Freddie Mac have played a very useful role in helping make housing more affordable, both in general through leveraging the mortgage market, and in particular, they have a mission that this Congress has given them in return for some of the arrangements which are of some benefit to them to focus on affordable housing, and that is what I am concerned about here. I believe that we, as the Federal Government, have probably done too little rather than too much to push them to meet the goals of affordable housing and to set reasonable goals. I worry frankly that there is a tension here.
The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disastrous scenarios. And even if there were a problem, the Federal Government doesn't bail them out. But the more pressure there is there, then the less I think we see in terms of affordable housing.
Frank: GSE Failure a Phony Issue - American Banker Article
Harry Reid rejecting GSE reformRep. Frank, the ranking Democrat on the House Financial Services Committee, said he was "baffled" that so much attention had been devoted to whether the federal government should be able to put the companies into receivership in the event of a financial crisis.
"I think it is an artificial issue created by the administration," he said in a speech at a Mortgage Bankers Association conference.
Dems rip new Fannie Mae regulatory measure - UPI.com
Bush repeatedly called for GSE reform. He was ignored. After the bubble burst, Chris Dodd and the Democrats (the people you worship who scoffed at reform and attacked the regulators as racist) whined how they should have done more. They play people like you like a fiddle.
Fannie Mae, Freddie `House of Cards' Prompts Takeover (Update2) - Bloomberg
Frank knew of the accounting errors for years but still did nothing.Why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem?'' Dodd said in a Bloomberg Television interview. ``I have a lot of questions about where was the administration over the last eight years.''
New Documents Uncovered by Judicial Watch Show Congress Ignored Corruption at Fannie Mae and Freddie Mac for Years | Judicial Watch
The Bush Administration diagnosed the problem and proposed new regulations. Frank again opposed it and claimed there was not a problem with the GSEs.FHFA letter, dated December 3, 2004, to Congressman Barney Frank: "On November 15, 2004 Fannie Mae filed a Form 12b-25 with the Securities and Exchange Commission (SEC). Fannie Mae indicated that its external auditors could not complete their reviews of its financial statements and noted the possibility of up to a $9 billion loss dating back to 2001. As a result, OHFEO has determined it will not provide a monthly capital classification at this time."
New Agency Proposed to Oversee Freddie Mac and Fannie Mae - Page 2 - New York Times
Both Dodd and Frank, (who both dismissed and criticized any reform) then used The Housing Crash to draft Socialist Legislation that has been crippling the Economy ever since'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'
They opposed GSE reform every step of the way. Even in 2010 AFTER the financial crisis, Democrats BLOCKED GSE reform. You are wasting everyone's time with your nonsense. Democrats = directly responsible for the 2008 Financial Crisis. They blocked any meaningful reform and then used the crisis to ram their political agenda through. Ever since 2008 Obama and the Democrats have been tuning the Public like a fork from one crisis to the next, using crisis' that THEY manufacture to increase the size and power of Government. That's all they keep doing as they poke, prod, and attack the Constitution. Claiming crisis crisis crisis.
When the left's lies and economic policies continue to fail all we keep hearing are excuses, finger pointing and blame. Only an ignorant clown wouldn't see this scam for what it is and continue to vote Democrat.
Inflation is an economic indicator.
Unemployment is an economic indicator.
So something made of those two things is an economic indicator. You can argue its importance or accuracy, but arguing its not an indicator is false by definition.
Because both items on the misery index are given equal weight and negatives work against each other in answer to your terrible question, because deflation is something you have to truly work at to achieve in a modern economy. Sheik, you and Conservative both need to stop making stupid arguments, a stupid argument to counter another stupid argument is still a stupid argument.