Author Topic: The Dreaded Misery Index Is On The Rise Under Biden  (Read 193 times)

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Online mystery-ak

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The Dreaded Misery Index Is On The Rise Under Biden
« on: July 16, 2021, 09:20:32 AM »
The Dreaded Misery Index Is On The Rise Under Biden
I & I Editorial Board
July 16, 2021

Young adults today are likely unfamiliar with the term “misery index.” But they could soon learn about it the hard way, thanks to President Joe Biden’s economic incompetence.

The misery index, a measure started under President Lyndon Johnson, is a simple measure combining the unemployment rate and the inflation rate. The idea being that joblessness and a fast-rising cost of living produces palpable misery in the country.

The index has long been forgotten because it’s been so low for so long. It hit a high of 21.9 under Jimmy Carter way back in 1980, but by the end of President Reagan’s first term, it had been cut in half. The average under President Donald Trump was just 6.9.

The misery index spiked at the start of the COVID-19 lockdowns, jumping from 5.94 to over 15 in one month with the surge in unemployment. But then it quickly dissipated, as the economy under Trump rebounded faster than the so-called experts had predicted. By the time Trump left office, the misery index was back down to 7.7.

A funny thing has happened since.

more
https://issuesinsights.com/2021/07/16/misery-index-is-on-the-rise-under-bidens-rescue-plan/
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Offline dfwgator

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Re: The Dreaded Misery Index Is On The Rise Under Biden
« Reply #1 on: July 16, 2021, 10:08:29 AM »
Welcome Back, Carter.

Offline DefiantMassRINO

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Re: The Dreaded Misery Index Is On The Rise Under Biden
« Reply #2 on: July 16, 2021, 11:00:01 AM »
I refuse to be miserable.  I have a a God-given right to life, liberty, and the pursuit of happiness, and I'll be damned if I let mortal swamp creatures take it from me.
Reporting from the Automated Teller Machine of Limousine Liberal Dems, the People's Democratic Republic of Taxachusetts

Offline GtHawk

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Re: The Dreaded Misery Index Is On The Rise Under Biden
« Reply #3 on: July 16, 2021, 01:02:00 PM »
Welcome Back, Carter.
I fear that under Biden's incompetence and the rise of the socialist democrats power we will look back on the Carter era as the 'Good Old Days'.

RIP Rocky 7/5/2008 - 7/24/2020
You Have Earned Your Rest My Friend


Sometimes life just sucks

Offline rustynail

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Re: The Dreaded Misery Index Is On The Rise Under Biden
« Reply #4 on: July 16, 2021, 01:10:31 PM »
Have tattoos and piercings gone up?  Then some may become aware of the index.

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Re: The Dreaded Misery Index Is On The Rise Under Biden
« Reply #5 on: July 16, 2021, 01:22:48 PM »
Welcome Back, Carter.

We have Horshack in the White House.
Any political party that can't cough up anything better than a treacherous brain-damaged old vulture like Joe Biden deserves to die a slow death.