THE GREAT OBAMA DEPRESSION, where the soup lines have been replaced with food stamps, and 99 weeks of Unemployment, and having your mortgage paid by the few tax SERFS still working.
Posted on 10/20/2011 6:59:44 AM PDT by alexmai
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 Barack Obama’s hopes of winning reelection next year.
(Excerpt) Read more at cnbc.com ...
The economy never recovered. CNBC needs to stop lying.
THE GREAT OBAMA DEPRESSION, where the soup lines have been replaced with food stamps, and 99 weeks of Unemployment, and having your mortgage paid by the few tax SERFS still working.
I am sure people like George Soros, Warren Buffet and of course Obama are happy the index is getting back to what it was like during the Carter years !
Only Obama’s paid liars still talk about the phantom “Recovery of June ‘09.”
The US economy will not recover until this Marxist and his fellow travelers leave D.C.
i’m surprised it’s this good.
I know the definitions for “misery index” vary from place to place, but I like the one that was used back in the Ronald Reagan years.
Unemployment rate + prime rate + inflation. It came to near 45% back then. I lived through it. Today is no comparison to then.
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