Posted on 01/15/2022 7:26:01 AM PST by NOBO2012
Can we chat?
Jimmy Carter invented the Misery Index – the combined unemployment rate plus inflation rate – in order to flog his 1976 opponent, Jerry Ford, about the head. As most often happens with Democrats, his own policies led to even more misery and he ended up beating Ford’s misery score by a full 2 percentage points, topping the misery index at 22%.
Now cometh Joe Biden with his bag of magic beans. So far his official score is 10.9%. At the time he took the reins, so to speak, the misery index was under 7% and unemployment was on the decline. Joey beat that by 4 points after just one year in office. And mind you, since the Carter misery years the government has done its level best to keep the two indices artificially low.
First, our bureaucratic betters removed several key measures from the CPI “market basket” during the Obama years. It no longer reflects increases in food or energy. While they are still tracked in other indices, the number most quoted does not include them because they are considered too “volatile” – well yes, isn’t that the point? That type of volatility is likely to create great misery. Likewise the food index does not reflect the inflation due to the incredible shrinking packaging size of many consumer food products.
Likewise the unemployment rate does not include anyone who hasn’t looked for work within the last 4 weeks – the “discouraged” job seeker - they are completely ignored. Thus the Labor Participation Rate hangs near historically low levels with both discouraged wage seekers and lay-abouts, willing to survive on government “stimulus” handouts, excluded from the calculation.
They say that history doesn’t exactly repeat itself, rather it rhymes. We are witnessing that in real time. The kids are too young to recognize it but those of us who danced to disco in leisure suits sure do. Stagflation isn’t a state of mind, it’s true misery. And the Brandon Administration has done everything in their power to Make America Miserable Again. Some of us thought we’d NEVER again see a President as bad as Jimmy Carter, but Joey Biden has managed to top Jimmy’s incompetency in just a quarter of the time.
Quite the performance: from MAGA
to MAMA
Make America Miserable Again
in just under12 months is impressive by anyone’s standard. Even Jimmy’s.
I’ve waited 4 years to say this: Miss Me Yet?
Slojo and his handlers are well on the way…
Truth is, there are a lot of truly depressed and miserable people since Biden. 2021 has ruined peoples lives and livelihoods, created hate and division among people and families. Caused isolation, physical illnesses, disdain for the medical profession, destroyed small business, ruined the supply chain.
This is all due to a criminal enterprise that has taken over this country and the world that is run by greedy entitled demons. Those demons now have media and the technology to harm us far worse that anything Jimmy Carter ever did.
I hope that as a people we fight rather than keel over, but who knows?
That chapter isn’t written yet.
Bttt
there is going to be a reckoning, and it will be soon.
many of these mega corps will be broken up and regulated to protect free speech and competition.
How appropriate for the libs.
The biggest problem is half our citizens are true believers in communism, whether they admit it or not. What started just before Carter, hatred for this country, has come full fruition and we have lots of traitors amongst us.
I can wish but I don’t know if we could even have a “Miracle on Ice” moment just by the hatred so many have engendered for their own home.
My biggest wish is this is so bad that RON steps in and changes this Carter mess.
Inflation is about at the same level as the 1970’s. Unemployment is much lower, though, to the point where many businesses are actually experiencing labor shortages.
I’m amazed they are not blaming Trump and or racism and or global warming for this mess.
America has an anti-MAGA mindset
Biden is worse than Carter. The problems were already piled up by the time he entered office. Biden has created them.
Unlike Jimmy, the problems Brandon created are purposeful.
Climate, covid, CRT, inflation, EVs, open borders, wokeness . . . combined are designed to destroy the middleclass. Only on the ruins of the middleclass can the Marxists build The New Man.
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