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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop


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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    Did you forget your meds today? The thread is about oil prices.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    doing better than bush---LOL!

    most house seats LOST since 1938, most state reps and assemblies in history, 10 gubs, 6 senators...

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    Your own link states that it was the Iranian hostage crisis that was Carter's "most damaging problem" in terms of the 1980 election.
    I would be wary of using contemporary interpretations in the place of actual data from the 1980 election that is available. The hostage crisis certainly contributed to the outcome, but the leading issue was the economy. From the November 5, 1980 edition of The New York Times:

    A New York Times/CBS News poll of more than 10,000 voters as they left the polls indicated that the predominant motivation among voters was the conviction that it was time for a change. The biggest issue in their minds was the nation's economy, especially inflation.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    The high misery index certaintly hurt, but even that was primarily due to interest rates (which are out of the president's control) as the unemployment rate was the same during the election as it was when Carter became president. Carter's biggest hurdle was the Iranian hostage crisis, in which he was weak and ineffective.
    The Misery Index = Unemployment Rate + Inflation Rate. It does not consider interest rates. Although the unemployment rate was 7.5% when President Carter took office and 7.5% in October 1980 (the November figure wasn't available until after the election), the annual inflation rate was 5.2% when President Carter took office and 12.6% by October 1980. Not surprisingly, the poll cited in the post above specifically cited inflation when referencing voter dissatisfaction with the economy.
    Last edited by donsutherland1; 03-30-11 at 07:52 PM.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by donsutherland1 View Post
    T

    he Misery Index = Unemployment Rate + Inflation Rate. It does not consider interest rates. Although the unemployment rate was 7.5% when President Carter took office and 7.5% in October 1980 (the November figure wasn't available until after the election), the annual inflation rate was 5.2% when President Carter took office and 12.6% by October 1980. Not surprisingly, the poll cited in the post above specifically cited inflation when referencing voter dissatisfaction with the economy.
    You're right, my bad. My humble apologies.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by donsutherland1 View Post

    I would be wary of using contemporary interpretations in the place of actual data from the 1980 election that is available. The hostage crisis certainly contributed to the outcome, but the leading issue was the economy. From the November 5, 1980 edition of The New York Times:

    A New York Times/CBS News poll of more than 10,000 voters as they left the polls indicated that the predominant motivation among voters was the conviction that it was time for a change. The biggest issue in their minds was the nation's economy, especially inflation.
    I was referencing that other posters own link, which he posted and which disputed his position.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    You say that as though Democrats had nothing to do with their own undoing.

    Still, another poster said Bush was "a hell of a lot better" and by "all applicable" measures -- an observation which proved too easy to refute.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    You're right, my bad. My humble apologies.
    No problem at all. I suspect that many don't know or have forgotten what the misery index is.

    Quote Originally Posted by Sheik Yerbuti View Post
    I was referencing that other posters own link, which he posted and which disputed his position.
    I see. I just wanted to bring up the actual data from the 1980 election, as there were notable economic circumstances that led to a decisive "change" vote.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    You say that as though Democrats had nothing to do with their own undoing.
    i do?

    LOL!

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