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Keyword: miseryindex

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  • Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

    01/21/2014 9:23:30 PM PST · by 2ndDivisionVet · 37 replies
    The Washington Examiner ^ | January 21, 2014 | Paul Bedard
    (VIDEO-AT-LINK)Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud. In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government. Marotta, who recently advised those worried about an imploding economy to...
  • Wall Street advisor: Actual unemployment is 37.2%, 'misery index' worst in 40 years

    01/21/2014 11:46:47 AM PST · by F15Eagle · 249 replies
    http://washingtonexaminer.com via Drudge ^ | JANUARY 21, 2014 AT 1:08 PM | By PAUL BEDARD
    Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud. In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government. Marotta, who recently advised those worried about an imploding economy to...
  • United States Misery Index

    01/16/2014 1:02:12 PM PST · by 12th_Monkey · 18 replies
    The misery index was initiated by economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960's. It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation both create economic and social costs for a country. A combination of rising inflation and more people out of work implies a deterioration in economic performance and a rise in the misery index.
  • Under Obama, Youth Misery Index Hits All-Time High (Increased 18.1% Under BHO)

    01/13/2014 7:06:04 PM PST · by DogByte6RER · 10 replies
    The College Fix ^ | January 9, 2014 | Jennifer Kabbany
    Under Obama, Youth Misery Index Hits All-Time High A Youth Misery Index that measures young Americans’ woes has skyrocketed under President Barack Obama and hit an all-time high. The index, released Wednesday, was calculated by adding youth unemployment and average college loan debt figures with each person’s share of the national debt. While it has steadily grown over the decades, under Obama the figure has shot up dramatically, from 83.5 in 2009 to 98.6 in 2013. The index has increased by 18.1 percent since Obama took office, the highest increase under any president, making Obama the worst president for youth...
  • Obama's Misery Index Approaches Carter Years

    07/25/2013 10:36:34 AM PDT · by SeekAndFind · 21 replies
    American Thinker ^ | 07/25/2013 | Bob Campbell
    In the past 30 years if you were in the top 1% economic class your inflation-adjusted incomes grew by 224%. The top 0.1% grew by 390%. In contrast, the bottom 90% struggled with only a 5% growth in incomes. Whoop-tee-do! A 5% increase over 30 years is pathetic! According to the Credit Suisse's annual Global Wealth Data Book, America's middle class ranks 27th in the world. Are they serious? I thought the United States was the wealthiest country in the world. The U.S. misery index has reached its highest level since May, 1983. I remember the Carter years. The only...
  • Should the US Switch to a Parliamentary System? (This Question Hasn't Been Asked Since Jimmy Carter)

    04/23/2013 6:28:06 PM PDT · by DogByte6RER · 29 replies
    Pacific Standard Magazine ^ | April 9, 2013 | Seth Masket
    Institutions Worthy of Our Parties: Should the U.S. Switch to a Parliamentary System? Efforts to curb legislative partisanship have weak track records, so maybe we should consider changing the other side of the equation in order to establish a government that can actually get things done. Rick Hasen has a really interesting paper up discussing partisan polarization and the possibility of changing the Constitution to deal with it. (And you should really read Jonathan Bernstein’s response, too.) Hasen starts off by asking whether we should be considering moving toward a more parliamentary style of government. It’s a fair question. We...
  • 20 Most Miserable U.S. Cities to Live In

    02/25/2013 6:47:47 PM PST · by DogByte6RER · 24 replies
    20 Most Miserable U.S. Cities to Live In Forbes magazine released its dubious 2013 list of the most miserable cities in the United States of America. With the new list for the new year came a new city listed at the top of the list as Detroit, Michigan replaces last year’s most miserable city of Miami, Florida. The magazine cites Detroit’s high unemployment, violent crimes, shrinking population, and its financial crisis as reasons for giving the city the title. The list created by Forbes involves the scrutiny of the country’s largest urban areas which are then ranked via factors such...
  • Detroit Tops 2013 List Of America’s Most Miserable Cities

    02/22/2013 11:26:12 AM PST · by Olog-hai · 43 replies
    Forbes ^ | 2/21/2013 @ 2:20PM | Kurt Badenhausen
    Forbes put Detroit Mayor Dave Bing on its cover in 2011 for a story with the optimistic headline: “City of Hope.” The premise was that the city had hit rock bottom and was poised for a turnaround. “Right now, it’s all about survival,” Bing told Forbes. Two years later, Detroit’s problems continue to multiply, sadly. It is still dealing with high levels of violent crime and unemployment. Home prices, already at historic lows, plummeted a further 35% during the past three years to a median of $40,000 as net migration out of the city continued. The latest blow was Tuesday’s...
  • Through The Wire: Reuters Layoffs (up to 3,000)

    01/26/2013 10:00:21 AM PST · by FreeAtlanta · 15 replies
    New York Observer ^ | 1/22/2013 | Kara Bloomgarden-Smoke
    Last week was a bleak one at Thomson Reuters, the financial news and wire service giant. According to sources, as many as 3,000 people were let go, out of approximately 50,000 employees around the globe. Most of the layoffs came from the financial sector—the sales, training and analysts’ divisions—but some were on the editorial side. “Yes, I can confirm there have been layoffs across Thomson Reuters today, including editorial,” Barb Burg, vice president and global head of communications at Reuters, told Talking Biz News last week. “Similar to efforts across the company, the Reuters organization is focusing attention on our...
  • Obama's Misery Index

    09/21/2012 3:50:07 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | September 21, 2012 | John Ransom
    To give you an idea how bad the jobs report released on Friday is, consider this fact: The employment situation in the country is so bad that economists can’t accurately measure it with the existing tools they use to measure jobs. In other words, we have entered a period in our country not contemplated by economists. They simply don’t have the tools to measure what’s actually occurring in the jobs market. Modern economists never imagined a scenario in which a country with as much wealth, power and innovation as United States could stretch out a jobs recession as long as...
  • MISERY REPEATS ITSELF

    08/10/2012 8:49:22 AM PDT · by a fool in paradise · 13 replies
    2012 | unknown
    MISERY REPEATS ITSELF This is a true but strange story which proves that misery can indeed repeat itself, that those unwilling to learn their lessons from history are doomed to repeat it. Jimmy Carter was born in 1937, the year of the Ox. Barack Obama was born in 1961, the year of the Ox. 24 years apart. Jimmy Carter was the first president to be born in a hospital. Barack Obama was the first president to be born in two hospitals. In 2002, Jimmy Carter received a Nobel Peace Prize. In 2009, Barack Obama received a Nobel Peace Prize. 7...
  • Summer of 1980 Poll Flashback: Carter 39%, Reagan 32%, Anderson 21%

    07/10/2012 3:11:38 PM PDT · by Kaslin · 18 replies
    Rush Limbaugh.com ^ | July 10, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: I want to remind you of some history. In June of 1980, basically the same period in the campaign where we are now, minus a month or so, in June of 1980 Jimmy Carter led Ronaldus Magnus 39 to 32. John Anderson, third-party candidate, independent candidate at 21%. Even into August and early September, Jimmy Carter was leading Ronaldus Magnus in the polls. Now, what I'm leading up to is that Reagan won that election in a landslide. Jimmy Carter conceded on election night before the polls in California had closed, 1980. The preelection polls into September...
  • USA statistics from Jan 09 to today-[Vanity]

    03/05/2012 10:05:36 AM PST · by greyfoxx39 · 9 replies
    Self | Unknown
    I received this in an email from another FReeper...thought it should be passed along. PRESIDENCY SOME WILL APPRECIATE THIS AND SOME WILL NOT. HOWEVER, ALL OF IT IS TRUE. After three years of Obama ... Here's your change! January 2009 TODAY % chg Source Avg. Retail price/gallon gas in U.S. $1.83 $3.44 84% 1 Crude oil, European Brent (barrel) $43..48 $99..02 127.7% 2 Crude oil, West TX Inter. (barrel) $38..74 $91..38 135.9% 2 Corn, No.2 yellow, Central IL $3.56 $6.33 78.1% 2 Soybeans, No. 1 yellow, IL $9.66 $13..75 42.3% 2 Sugar, cane, raw, world, lb. Fob $13..37 $35..39 164.7%...
  • U.S. "misery index" rises to highest since 1983

    10/20/2011 5:52:44 AM PDT · by TigerLikesRooster · 20 replies · 1+ views
    Reuters ^ | 10/19/11 | Ann Saphir
    U.S. "misery index" rises to highest since 1983 Wed, Oct 19 2011 By Ann Saphir CHICAGO (Reuters) - An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment. The misery index -- which is simply the sum of the country's inflation and unemployment rates -- rose to 13.0, pushed up by higher price data the government reported on Wednesday. The data underscores the extent that Americans continue to suffer even two years after a deep recession ended, with a weak economic recovery imperiling President...
  • The Most Miserable Cities In America (high unemployment, stagnant economy, moribund real estate)

    09/15/2011 2:39:11 PM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 09/15/2011 | Gus Lubin and Linette Lopez
    Combine high unemployment, a stagnant economy and basement-level housing prices, and what have you got? The most miserable cities in America, according to Brookings, of course! The think tank combined every major U.S. city's unemployment rate, level of employment, gross metropolitan product and housing prices to create an index of utter wretchedness. Nationwide economic progress in the second quarter was "uneven and unsure" and some by measures we're back in recession. The worst cities are clustered in former housing bubble areas like Florida and California
  • Jobs Picture Remains Ugly as Weekly Claims Still High [428k!]

    06/30/2011 6:06:31 AM PDT · by Red Badger · 81 replies
    CNBC ^ | 06-30-2011 | Staff
    <p>The number of Americans seeking unemployment benefits was mostly unchanged last week, evidence that the struggling economy isn't generating many jobs.</p> <p>Unemployment line The Labor Department says unemployment benefit applications ticked down 1,000 to a seasonally adjusted 428,000.</p> <p>Applications have topped 400,000 for 12 straight weeks.</p>
  • Misery Index Today is 33% Versus 22% Under Carter in 1980

    06/21/2011 10:16:33 PM PDT · by AJFavish · 16 replies
    June 21, 2011 | Allan J. Favish
    The “misery index” is calculated by adding together the unemployment rate and the annual inflation rate. During Jimmy Carter’s presidency (1977-1981), the “misery index” hit a high of 21.98 in late 1980. See http://www.brookings.edu/opinions/2008/1217_misery_index_nessen.aspx. The misery index was often mentioned at that time and helped Ronald Reagan defeat Carter in 1980. When today’s inflation is measured using the same method as was was used in 1980, the rate is about 11%. See http://www.shadowstats.com/alternate_data/inflation-charts. When today’s unemployment is measured using the same method as was used in 1980, the rate is about 22%. See http://www.shadowstats.com/alternate_data/unemployment-charts. Therefore, when measured using the same...
  • How Miserable? Index Says the Worst in 28 Years

    06/17/2011 2:59:30 PM PDT · by Lazlo in PA · 28 replies
    CNBC ^ | 06-17-11 | Jeff Cox
    When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this. The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008. The good news, of course, is that the Fed-led Paul Volcker embarked on a highly successful inflation-slaying campaign that brought the level of misery down sharply...
  • $40K on the credit card, $125K on the mortgage, $1K monthly bills. How do YOU survive Obamanomics?

    06/01/2011 6:57:16 PM PDT · by Libloather · 215 replies
    6/01/11 | Libloather
    You're pretty close to being toast. Nerves are frazzled, homes are being evacuated, jobs lost and families are torn apart. Oh, the rookie Hussein has performed magic, all right. Kinda nuts. But it's what Barry King planned all along. This is his vision. Wealth distribution. And it's only getting started. How do you make it? Old money, new money, food stamps, living with the folks, moving in with the neighbor? How are you doing it? Are there any really good tips to make it through the Hussein years? And don't give me any guff on that '$40k on the credit...
  • Orlando gas station charges $5.69 a gallon

    04/29/2011 12:51:53 PM PDT · by Red in Blue PA · 18 replies · 1+ views
    Gas prices are on the rise nationwide, but one filling station in Florida has earned the dubious distinction of having the highest prices in the country. Suncoast Energys, located near the Orlando International Airport, was charging $5.69 a gallon for regular gasoline on Friday. That's the highest of any gas retailer in the nation, according to price tracker gasbuddy.com. By contrast, the average price in the city of Orlando is $3.78 a gallon, a few pennies below the state and national averages. Patrick DeHann, senior analyst at gasbuddy.com, said many tourists use the station before returning rental cars on the...
  • Consumers in the Crosshairs as Misery Index Makes a Comeback

    04/26/2011 7:02:00 AM PDT · by BenLurkin · 8 replies
    yahoo ^ | 21 hours ago | By Matt Nesto
    While this barometer of unemployment + inflation posted its near-term peak in December 2009 and had been falling for the past year, 2011 has seen a sharp reversal. In fact, with April CPI (Consumer Price Index) data forecast to rise to 3.0% from 2.7% in March, the misery index is set to post its 4th consecutive monthly increase. What's troubling with this is that misery is creeping back despite the slow but steady slide in unemployment, meaning that, this time, it's all about inflation
  • Obama Job Approval at 41%, Tying His Low

    04/15/2011 11:16:58 AM PDT · by mikelets456 · 47 replies
    Gallup ^ | 4/15/2011 | Gallup
    PRINCETON, NJ - The latest Gallup Daily tracking three-day average shows 41% of Americans approving of the job Barack Obama is doing as president. That ties his low as president, which he registered three times previously -- twice in August 2010 and once in October 2010. July 2009-April 2011 Trend: Do you approve or disapprove of the way Barack Obama is handling his job as president? % Approve The current 41% approval rating from April 12-14 polling includes interviews conducted before and after Obama announced his plan for deficit reduction on Wednesday. It also comes in the same week Congress...
  • The Misery Index and Rebuilding America

    12/05/2010 6:41:52 AM PST · by OwenKellogg · 8 replies
    Federalist Papers 2 ^ | 2010 | Colonel Frank Ryan
    For those old enough to remember, the late 1970's and early 1980’s were consumed by periods of high unemployment, high inflation, and devastating interest rates. The national debt was almost $1 Trillion. Interest rates were in the high teens and inflation was equally high. President Reagan, in a national debate, asked the devastating rhetorical question which haunted then President Carter, “Are we better off today than we were four years earlier?” The answer to the question was intuitively obvious to the most casual observer at the time and is believed to have had a significant effect on the outcome of...
  • It's Time for a New "Misery Index"

    08/29/2010 5:28:27 AM PDT · by Kaslin · 26 replies
    Townhall.com ^ | August 29, 2010 | Austin Hill
    Remember the “Misery Index?” If, like me, you are a “child of the 70’s and 80’s,” then you probably have some acquaintance with the term. Yet we don’t hear much about the Misery Index anymore. And given all that is and is not happening economically in our country right now, it seems like an appropriate time to bring back the index, although we’ll need to amend it just a bit. Let me explain. Back in 2009 when my co-author and I were doing research for our new book “The Virtues Of Capitalism,” I came across some background information about the...
  • White House: The Economy Is Lost

    08/19/2010 8:46:52 AM PDT · by Sub-Driver · 115 replies
    White House: The Economy Is Lost Obama Admin. Says “Nothing Is Possible” To Help Struggling Economy As Jobless Claims Hit Nine-Month High, Employers “Scared To Death”; Gop Listening And Offering Better Solutions Washington (Aug 19) With President Obama set to take off for Martha’s Vineyard in a matter of hours, the Obama Administration says “NOTHING IS POSSIBLE” (their caps, not ours) to help an economy showing new signs of job losses and employer uncertainty. (Now, this is a peculiar admission coming from a White House that is also saying, despite his vacation, that the president is “working hard to do...
  • American cities highest in misery index have common problems

    04/02/2010 12:19:45 PM PDT · by usalady · 9 replies · 601+ views
    Examiner ^ | April 2, 2010 | Martha
    There is plenty of misery around the United States in 2010 but some cities are experiencing more of it than others. There was plenty of it to go around from January to December 2009. Do they have some things in common that puts them in that category?
  • The Misery Index Has Entered Carter-Era Levels [vanity backed by official data]

    01/15/2010 7:17:54 AM PST · by matt1234 · 7 replies · 851+ views
    see post #1 | Jan. 15, 2010 | me
    With today’s release of December inflation data by the US government, the Misery Index officially rose to Carter era levels. The Misery Index is the unemployment rate plus the inflation rate. During the 48 months of the Carter presidency, the lowest Misery Index was 12.60. With the release of today’s numbers, we now know that the December 2009 Misery Index was 12.72. Some historical perspective: during the 96 months of G. W. Bush’s presidency, the Misery Index never surpassed 11.47. When Obama became president, the Misery Index was 7.63. In the eleven months of the Obama presidency for which data...
  • The Misery Index: The number Democrats should fear the most

    01/09/2010 1:17:04 PM PST · by SeekAndFind · 9 replies · 879+ views
    American Thinker ^ | 01/09/2010 | Ed Lasky
    Friday's poor employment number will cause political problems for the Democrats as the touted benefits of their policies fail to pass the spin zone. The numbers "saved" ruse will become increasingly absurd as the unemployment number remains stubbornly high. Instead of jobs saved being recycled we might start hearing more about the total jobless rate - which includes discouraged workers no longer looking - that ticked up to 17.3% from 17.2%. Many of the unemployed are out of work for longer periods of times, stoking a revulsion against incumbents and the leaders of this country that are right now all...
  • 'STAGFLATION' AND 'MISERY INDEX' MAKE COMEBACK

    12/15/2009 9:01:37 PM PST · by TheFreedomPoster · 4 replies · 427+ views
    THE FREEDOM POST ^ | December 15, 2009 | Matthew Burke
    Stagflation, the worst of both worlds (anemic economic growth and high inflation) brings back less than fond memories of the 1970's, along with the misery index, which is calculated adding the inflation rate to the unemployment rate. Until the 1960's, Keynesian economists had thought that those two economic events couldn't happen at the same time.
  • The Misery Index All Over Again

    10/15/2009 12:26:21 PM PDT · by timesthattrymenssouls · 4 replies · 368+ views
    Constitutional Guardian ^ | 10/15/2009 | Nancy Tengler
    Misery Index All Over Again http://www.wiseandfrugalgovernment.blogspot.com/ During the Dark Days of the Carter Administration, through the bleak haze of stagflation (for the under 50 crowd stagflation is: a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)--sound familiar?) we were told America's best days were past. Not that Jimmy Carter's message was that direct. He was dignified as a Presidenct should be; he used subtle language; he set a good example. When oil prices shot through the roof, Carter was a picture of calm, addressing the nation before the comforting flame of the presidential fireplace, dressed...
  • The "Obama Misery Index"

    08/21/2009 12:52:52 AM PDT · by Yosemitest · 13 replies · 1,786+ views
    U.S. House of Representatives ^ | July 21, 2009 | Congressman Dave Camp from Michigan (R)
    Click on the photo of one minute and seventeen seconds, to view the video. Here is video of GOP congressman Dave Camp from Michigan unveiling the "Obama Misery Index," or the OMI - "Oh, My Index." It focuses on the "stunning rise in debt and unemployment."
  • Welcome Back, Carter (Obama's Malaise)

    07/14/2009 5:18:46 PM PDT · by WhiteCastle · 11 replies · 1,148+ views
    IBD Editorials ^ | July 14, 2009 | INVESTOR'S BUSINESS DAILY
    Thirty years after Jimmy Carter's malaise speech, we return to the days of rising joblessness, an unresponsive economy, deference to dictators, gutting the military and an energy policy tilting at windmills... As history repeats itself on the anniversary of the speech MSNBC's Chris Matthews wrote, we wonder if the "Hardball" host, who has worked for four Democratic politicians, is still getting tingles up his legs. The Democratic Party apparently has learned nothing in the past three decades. Will we see a return of the misery index? The only thing that's different is the sweater.
  • OMI= obama MISERY INDEX

    06/22/2009 7:30:50 AM PDT · by FromLori · 6 replies · 369+ views
    Did you know Resident Obama (I refuse to refer to him as President since he refuses to release information to show he is eligible) assumed the presidency under the best economic times for a new president since Lyndon Johnson became president? You WERE better off before he took office and you WILL be Far worse off with each passing day under his "Reign". Barack Obama took over an economy that WAS in better shape than any new president has enjoyed in 45 years. The much maligned War spending vs Resident Barack Obama spending get a grip the business's have and...
  • Obama MISERY INDEX, June 05, 2009

    06/11/2009 12:08:58 AM PDT · by Yosemitest · 30 replies · 1,658+ views
    World Net Daily ^ | June 05, 2009 | Jerome Corsi
    THIS IS AN EXCERPT. The Obama administration is certain to prolong and deepen the economic recession, with the result that unemployment and inflation will increase, Jerome Corsi's Red Alert contends. ... "Now, as president, Obama has repeatedly blamed the current economic recession on President Bush, alleging his administration 'inherited an economic mess' that will take years to resolve," Corsi wrote. "However, a close look at the table below shows that the Misery Index under President Obama is increasing, as unemployment edges close to 9 percent." The Misery Index, created by economist Arthur Okun, is obtained by adding the unemployment...
  • Tax, Cut Spending, or Inflate? (Remember the Misery Index? it will be back if Krugman has his way)

    06/01/2009 5:37:56 AM PDT · by SeekAndFind · 6 replies · 392+ views
    National Review ^ | June 1, 2009 | Stephen Spruiell
    While reading reactions to Stanford economist John Taylor’s op-ed in the Financial Times last week, I kept running into the phrase “deficits caused by tax cuts”; one liberal commentator after another wrote that Taylor forfeited his right to complain about the Obama administration’s trillion-dollar deficits when he called for Bush’s tax cuts to be made permanent. Some also criticized Taylor’s arithmetic, arguing that he deliberately or accidentally overstated the rate of inflation it would take to return to a pre-Obama ratio of debt-to-GDP in ten years’ time. And Paul Krugman devoted his Friday column to the subject of Taylor’s stated...
  • The Looming Threat of Another Carter-esk Misery Index

    03/02/2009 8:55:58 PM PST · by Seth_Stuck · 13 replies · 500+ views
    Conservative Brawler ^ | March 2, 2009 | Conservative Brawler
    During the 1976 Presidential campaign, Democratic candidate Jimmy Carter frequently referenced something called the "Misery Index" to suggest the Republican incumbent ought not be re-elected due to the index's high level, which was about 13.57% at that time. Carter won the 1976 election, and the Misery Index reached an all-time high of 21.98% under his administration. Just what is a "misery index," and what type of misery index are we facing under an Obama administration? http://conservativebrawler.blogspot.com/2009/03/looming-threat-of-another-carter-esk.html
  • Iceland's Interest Rate Up To 18% (Jimmy Carter Misery Index Is Back Alert)

    10/28/2008 11:12:59 AM PDT · by goldstategop · 47 replies · 853+ views
    BBC News ^ | 10/28/2008 | BBC News
    Iceland's central bank has raised its key interest rate to 18% from 12% as it battles against financial collapse. The rise comes less than two weeks after Iceland cut rates from 15.5%. The central bank governor said the increase was part of its agreement with the International Monetary Fund, from which it borrowed $2bn (£1.3bn). Iceland's prime minister said the country needed another $4bn in loans and had approached the European Central Bank and the US Federal Reserve. Currency slump Central bank governor David Oddsson said that he hoped the rise in rates would only last for a short time...
  • Jimmy Carter To Bush: Never Mind

    05/21/2007 8:55:35 AM PDT · by presidio9 · 85 replies · 2,748+ views
    CBS/AP ^ | May 21, 2007
    Former President Jimmy Carter said Monday his remarks were "careless or misinterpreted" when he said the Bush administration has been the "worst in history" for its impact around the world. Speaking on NBC's "Today," Mr. Carter appeared to retreat from a statement he made to Arkansas Democrat-Gazette in which he said: "I think as far as the adverse impact on the nation around the world, this administration has been the worst in history." The comment was in a story published in the newspaper Saturday. Mr. Carter said Monday that when he made the comment, he was responding to a question...
  • Former President Jimmy Carter Calls on Congress to Revisit 'Don't Ask, Don't Tell'

    05/15/2007 9:36:31 AM PDT · by Hadean · 44 replies · 1,070+ views
    Yahoo ^ | May 15 2007
    WASHINGTON, May 15 /PRNewswire-USNewswire/ -- Former President Jimmy Carter, recipient of the 2002 Nobel Peace Prize, has called on Congress to revisit the military's "Don't Ask, Don't Tell" ban on lesbian, gay and bisexual personnel. In an exclusive statement to Servicemembers Legal Defense Network (SLDN), Carter says that, "It is my long-held belief that every human being deserves dignity and respect. I often heard that phrase during my years at the United States Naval Academy, I carried it out as Commander-in-Chief, and it continues to animate my human rights work around the globe today. The nation's commitment to human rights...
  • Worst President Ever?

    02/12/2007 6:33:02 AM PST · by presidio9 · 278 replies · 5,166+ views
    The Nation ^ | Feb. 11, 2007 | Nicholas von Hoffman.
    A question that seems to be on everybody's mind these days turns out to be: Is George Bush the worst President in American history? But how do you judge? Is he the most morally disgusting? The worst mangler of the English language? Ever since the atom bomb was dropped, we've had a whole string of bozos who cannot pronounce the word "nuclear." How much should that count against them? Is John Tyler, our tenth President, a candidate for worst President? Some people who have never heard of this guy have heard of the campaign slogan "Tippecanoe and Tyler, Too." Well,...
  • Jimmy Carter is todays guest voice at "On Faith"

    12/31/2006 12:29:08 PM PST · by FL_Patriot · 11 replies · 490+ views
    http://newsweek.washingtonpost.com ^ | Dec. 31, 2006 | Jimmy Carter
    Faith, Commitments and Mideast Peace My most recent book, Palestine: Peace Not Apartheid, is designed to break the existing stalemate and to prescribe a path to permanent peace for Israelis, with peace and justice for the Palestinians. All the major religions would endorse these goals. » Read the full entry POSTED December 31, 2006 12:15 PM by Jimmy Carter
  • Jimmy Carter, Will You Please Shut Up and Go Away

    10/04/2006 6:38:00 AM PDT · by PurpleMountains · 4 replies · 333+ views
    From Sea to Shining Sea ^ | 10/4/06 | Purple Mountains
    Breaking with a long tradition, Jimmy Carter runs around the world bad-mouthing President Bush and the USA. He seems to think that those of us who were alive and conscious during his failed presidency have forgotten. I haven’t. I remember 15 to 20% interest rates at the same time that unemployment stood at 7%. I remember inflation at 12%.
  • Carter says Bush backs torture, shrinks U.S. influence

    09/18/2006 9:13:44 PM PDT · by FairOpinion · 111 replies · 1,530+ views
    Reuters ^ | Sept. 18, 2006 | John Whitesides
    WASHINGTON (Reuters) - Former U.S. President Jimmy Carter said on Monday the Bush administration had eroded America's global influence with its conduct in Iraq and by condoning the torture of terrorism suspects. "They have redefined torture to make it convenient for them," Carter said of the Bush administration in an interview with Reuters. "Things that are unanimously almost or globally assumed to be torture, they claim that this is not torture. I don't think there is any doubt that is what they are doing," said Carter, a Democrat who was president from 1977 to 1981. He has since been a...
  • Caption Pic of Jimmy Carter

    09/15/2006 6:14:13 AM PDT · by AmericanMade1776 · 68 replies · 1,988+ views
    Yahoo News ^ | Sept 11, 2006
    Former President Jimmy Carter campaigns on behalf of his son, Jack Carter, at a public library in Henderson, Nev., Monday, Sept. 11, 2006. The former president came to town after his son, who is the Democratic nominee for the U.S. Senate, was hospitalized. (AP Photo/Laura Rauch)
  • Carter criticizes Blair's government as too complaint with U.S. policies

    09/14/2006 3:10:57 PM PDT · by wouldntbprudent · 51 replies · 852+ views
    International Herald Tribune ^ | Sep 14,, 2006 | AP
    LONDON Former U.S. President Jimmy Carter criticized the British government on Thursday for quickly adopting controversial policies of the Bush administration regarding the Iraq war and the Israel-Hezbollah conflict. "I've been really disappointed in the apparent subservience of the British government's policies related to many of the serious mistakes that have been originated in Washington," Carter said in an interview BBC-TV's news show "Nightline." In the past, Carter said, British governments had used a "strong voice" to help shape joint U.S.-British policies as part of the long-standing special relationship between two of the world's greatest democracies. But under Prime Minister...
  • Carter Says He Hopes Lieberman Loses Election

    09/14/2006 2:52:12 PM PDT · by wouldntbprudent · 73 replies · 1,372+ views
    All Headline News ^ | Sep 14, 2006 | Julie Farby
    New Haven, CT (AHN)-Millionaire businessman and Democratic Ned Lamont said Wednesday the U.S. is weaker because of the war in Iraq backed by rival Sen. Joe Lieberman, and he called for shifting forces to Afghanistan and elsewhere. During a speech at Yale Law School, Lamont said, "We have sacrificed our daughters and sons and our treasure in a war we didn't have to fight. We have ignored the real threats and security needs in the war we should be fighting, the one against the terrorists. ... Senator Lieberman believes that President Bush has it right in Iraq. I believe that...
  • Carter Says He Hopes Lieberman Loses

    09/13/2006 6:58:47 PM PDT · by SmithL · 119 replies · 2,662+ views
    AP ^ | 9/13/6 | CARA RUBINSKY
    New Haven, Conn. -- Democrat Ned Lamont said Wednesday the U.S. is weaker because of the war in Iraq backed by rival Sen. Joe Lieberman, and he called for shifting forces to Afghanistan and elsewhere. "We have sacrificed our daughters and sons and our treasure in a war we didn't have to fight," Lamont said. "We have ignored the real threats and security needs in the war we should be fighting, the one against the terrorists. ... Senator Lieberman believes that President Bush has it right in Iraq. I believe that he's dangerously wrong." The Democrat, who upset the three-term...
  • Meet the worst ex-president (Take a guess)

    09/02/2006 9:49:51 PM PDT · by smoothsailing · 43 replies · 1,870+ views
    Pittsburgh Post-Gazette ^ | 9-3-06 | Jack Kelly
    Jack Kelly: Meet the worst ex-presidentAn odious Iranian will see Jimmy Carter on his U.S. visitSunday, September 03, 2006 Pittsburgh Post-Gazette The State Department has granted a visa to Mohammad Khatami, the former president of Iran, to visit the United States.           Mr. Khatami is coming this week chiefly to attend meetings at the United Nations. He also will speak at the Kennedy School of Government at Harvard; at a function sponsored by the Council on American-Islamic Relations in Arlington, Va., and at the National Cathedral in Washington, D.C. And he will meet with former president...
  • Classic Jimmy Carter (Loser NUT Alert!)

    08/31/2006 7:59:13 AM PDT · by yoe · 51 replies · 1,477+ views
    Front Page Magazine ^ | August 31, 2006 | Michael Radu
    A few weeks ago, Jimmy Carter gave an interview to the German newspaper, Der Spiegel, mostly on the recent Lebanon conflict. It was classic Jimmy Carter -- at once moralizing and morally confused, ill-informed and preachy -- illustrating why the American people voted him out of office after just one term and the politically partisan Swedish Academy awarded him the Nobel Peace Prize. Take first the former president’s historical illiteracy. "Under all of its [the Bush administration's] predecessors there was a commitment to peace instead of preemptive war," Carter claimed. But is that really so? What about the Spanish-American War...
  • Iraq invasion subverts fight against terrorism: Carter

    08/30/2006 12:36:52 PM PDT · by freedom44 · 67 replies · 1,026+ views
    Xinhua ^ | 8/30/06 | Xinhua
    LONDON, Aug 27 (Xinhua) -- Former U.S. president Jimmy Carter said the Iraq invasion had subverted the fight against terrorism and instead strengthened al-Qaeda and the recruitment of terrorists, according to a British paper report on Sunday. In an exclusive interview with The Sunday Telegraph newspaper, Carter said that if he had still been president, he would never have considered invading Iraq in 2003. "However, I wouldn't have excluded going into Afghanistan, because I think we had to strike at Al-Qaeda and its leadership," he said. "But then, to a major degree, we abandoned the anti-terrorist effort and went almost...