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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (6645)	3/27/2009 6:13:33 PM
From: Brumar89	1 Recommendation Read Replies (1) \| Respond to of 86355

The country as a whole did get poorer. The wealth wiped out in 2008 alone Hold on. Earlier we were talking incomes, now we're switching to wealth held. Apples and oranges. As far as your job count, it's true that this country needs to generate 7.2 million jobs over the next 4 years to maintain the current employment rate. Obama's plan of 3 million jobs doesn't make as much of a dent in that as we need. However, we'll have to see if the economic recovery package and his budget plans will kick start the private sector spending again. If it does, then the 3M in jobs his spending directly creates will be supplemented by that much or more private sector jobs Don't you figure big new carbon taxes might be a problem there? Course, I'm beginning to think cap and trade may not happen at all. Unless the EPA imposes it or something like it. We'll see by the end of his term, if I will have been wrong to have put my faith in and my vote on Obama. Yes, lets pay attention to the misery index: U.S. misery index [edit] Misery index - era by U.S president Index = Unemployment rate + Inflation rate Rank President Time Period Index Average Low High 5 Harry Truman 1948–1952 7.87 Dec 1952 = 3.45 Jan 1948 = 13.63 1 Dwight D. Eisenhower 1953–1960 6.26 Jul 1953 = 2.97 Apr 1958 = 10.98 3 John F. Kennedy 1961–1962 7.27 Jul 1962 = 6.40 Jul 1961 = 8.38 2 Lyndon B. Johnson 1963–1968 6.78 Nov 1965 = 5.70 Jul 1968 = 8.19 7 Richard Nixon 1969–1973 9.98 Jan 1968 = 7.80 Dec 1973 = 13.61 10 Gerald Ford 1974–1976 15.93 Dec 1976 = 12.66 Jan 1975 = 19.90 11 Jimmy Carter 1977–1980 16.27 Apr 1978 = 12.60 Jun 1980 = 21.98 9 Ronald Reagan 1981–1988 12.19 Dec 1986 = 7.70 Sep 1981 = 19.33 8 George H. W. Bush 1989–1992 10.68 Sep 1989 = 9.64 Nov 1990 = 12.47 4 Bill Clinton 1993–2000 7.80 Apr 1998 = 5.74 Jan 1993 = 10.56 6 George W. Bush 2001 - 2008 8.10 Oct 2006 = 5.71 Aug 2008 = 11.47 en.wikipedia.org This reached its power-WWII high point in the Carter era, then began falling, reaching its low point in Apr 1998 with Clinton and the Gingrich-led Congress in power. Whoops, I was wrong. Oct 2006 was just a hair under the Apr 1998 low point. Looks like history will record the low point in the misery index since 1965 was reached in Oct 2006, during the economic hell of the Bush-GOP Congressional era and just before the beginning of the Pelosi-Reid Congress. Heh. The misery index has been rising lately, though be aware the Bush eras 8 year average of 8.1 was only a little above the Clinton eras 8 year average of 7.8. We should remember this 2 and 4 years from now and see what the misery index is by then. I'll do my best to remember this and publicize whatever change occurs and give Obama-Pelosi-Reid the credit. Thats fair, certainly.