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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (464107)	3/16/2009 12:15:38 PM
From: i-node	Read Replies (2) \| Respond to of 1578937

"Jimmuh NEVER referred to the "misery index". That was a creation of the "liberal" MSM." Apparently, BOTH CJ and bentway are wrong in every aspect of this statement. The misery index is an economic indicator, created by economist Arthur Okun, and found by adding the unemployment rate to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.[1] It is often incorrectly attributed to Chicago economist Robert Barro in the 1970s, due to the Barro Misery Index that additionally includes GDP and the bank rate.[2] During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that high had a right to even ask to be President. Carter won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan. en.wikipedia.org Mere facts, indeed. It is interesting that Carter apparently scored the highest "misery index" of all time. The worst president in history.