Misery index hits new high

[ElKabong]

O-BAH-MA !!! O-BAH-MA !!

http://finance.fortune.cnn.com/2011/06/17/misery-index-hits-new-high/

The misery index – the sum of the unemployment and consumer price inflation rates – hit a 28-year high last month, notes Paul Dales of Capital Economics. -SNIP


Interesting chart...Reagan had the index on the improve in his first term.....Obama, notsomuch

[Tom]

mmm mmm mmm.

[lsbets]

Its Bush's fault. :lol:

[Robert Goren]

Obama needs to do what Reagan did. Raise Taxes and increase deficit spending. The Fed needs to do what it did back then. Raise Interest Rate to 15-20%. Exactly the opposite of what the people who worship Reagan want to do now.

[ElKabong]

JFK lowered taxes didn't he? Worked out great for that preznit.

This preznit job thing....it's like handicapping, Robert. 'Don't matter much what angle you take', in the end it's the result that matters. The details (tax cuts, deficit reduction measures, etc) can be debated by us all, but the results are all that count in the end.

Obama has been a failure by any measure.
.
.

[Tom]

Obama needs to do what Reagan did. Raise Taxes and increase deficit spending. The Fed needs to do what it did back then. Raise Interest Rate to 15-20%. Exactly the opposite of what the people who worship Reagan want to do now.

It's not 1980 today. You're still in reruns. ;)

[Saratoga_Mike]

Obama needs to do what Reagan did. Raise Taxes and increase deficit spending. The Fed needs to do what it did back then. Raise Interest Rate to 15-20%. Exactly the opposite of what the people who worship Reagan want to do now.

Is this sarcasm?

As far as Reagan is concerned, tax revenues increased 99% during his two terms in the office. Unfortunately he did a poor job on the spending front, signing budgets into law that he should have vetoed. Of course part of that spending was warranted (defense) and yielded a large peace dividend, which was primarily enjoyed by Clinton.