Showing posts with label misery index. Show all posts
Showing posts with label misery index. Show all posts

Tuesday, October 20, 2009

The Scariest Jobs Chart Ever

The Scariest Jobs Chart Ever

(Posted using ShareThis)

Please click on the job chart link to see for yourself an unemployment chart from last July. It is frightening to see how bad the job situation was then and terrifying to know that it's worse now. And the only good news/spin the mass media can give is that the decline last month was not as bad as expected - whatever that means.

Tuesday, February 10, 2009

Orator???

I hate to be the naysayer in the crowd, but I find it hard to admire Obama's eloquence when he repeatedly lies to emphasize his point. To me, that demeans the speaker and destroys the message. For example, he has said numerous times that we are in the worst condition since The Great Depression. But, both the misery index and unemployment were higher during the Carter administration than they have been at any time in the last four years. The year that Carter took office, the Misery Index was 13.55% and when he left office, it was 20.76. The index, a sum of unemployment rate and inflation rate, during Bush's two terms ranged from 7.37 to 9.61.
The unemployment rate in 1932 was 23.6%, on February 4, 2009, it was a mere 7.6, quite similar to the rate during the Carter years. Except for the last four months of Bush's two terms, the unemployment rate was below 6%.