Of course you do because misery index actually has human faces associated with it and direct affects people. Obviously your book "learnin" doesn't apply human faces to your theory.Kobie;1062378619]I know what the "misery index" was; I just think the "misery index" is a stupid statistic based on adding together two arbitrary, often unrelated figures.
More jobs because of a larger labor force however jobs not keeping up with the labor force increases and record numbers dropping out because they are discouraged. Those are the economic numbers liberals want to ignore. Real GDP is also misunderstood because people like you don't understand we are a private sector economy not the govt. central economy Obama wants.By ALL economic standards? That's a pantload if I ever saw one. We lost exponentially more jobs from the 2008-09 recession than the 81-82 one. As in, not even remotely comparable. Real GDP saw a bigger hit. Of course, then there's the entire foreclosure problem, since the cause of the 2008 recession was the bursting of the housing bubble (and all the accounting shenanigans that came with), which wasn't what caused the early 80s recession. The entire cause of that recession was overly contractionary Fed policy designed to combat inflation. I don't give a rat's ass what you lived and worked through; you don't know what you're talking about.
You don't think there was a foreclosure problem in the 81-82 recession. U-Haul was out of trailors, mortgage interest rates were 17.5%. every American was impacted by the high interest rates, high unemployment, and high inflation. People who don't own homes, weren't selling their homes, and had fixed 30 year mortgages weren't affected by this recession nearly as much as the high interest rates and high inflation compounding the 81-82 recession
Get your nose out of the textbook and actually do some research. Reagan wasn't out making campaign speeches against Tip O'Neil, Reagan promoted the greatness of the American spirit and our economy, not the greatness of the American govt. to solve personal issues.Yes, Reagan flew in on his golden pegasus and singlehandedly pulled us back from ... an economic hiccup that was insignificant enough to be self-correctable. I'm certainly not saying his policies had NOTHING to do with the recovery; however, to claim that the early-80s recession was worse is asinine.
I don't have any idea where you get your information regarding the 81-82 recession but the only reason the numbers don't look as bad is because of strong leadership, not divisive rhetoric by an incompetent President.
Please tell me how this recession that Obama inherited affected you and your family? What was your mortgage rate then vs now? You call it severe depression? that is total ignorance, there was no depression but I could make a case that the 22 million unemployed/under employed/discouraged workers today are in a depression and the lack of Obama leadership is keeping them there.
Conservative Logic: Tripling debt,good; adding less than 50% to a debt, bad. What's the difference? THe tripling occurred under the Conservative's idol: Ron-Ron; while the slight increase is happening under a Democrat with a funny sounding name.
2013 estimate 2,712,045
It might be slightly up this year, but only after the govts borrowed 4 trillion more, so is it real? And its not only Obamas fault. Congress approves the bills first.
Let me guess you heard all of that on MSNBC?
It's simply amazing how you Obamabots throw a blinds eye at the democrats spending and blatant fascism...
You do realize Obama has tripled the debt - the same debt that you claim bush tripled??
Yeah all this social welfare costs money you know?...
"We have met the enemy and they are ours..." -- Oliver Hazard Perry
"I don't want a piece of you... I want the whole thing!" -- Bob Barker