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Thread: Biden’s economy signals return of higher misery index

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    RichardMZhlubb's Avatar Senior Member
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    Quote Originally Posted by MMC View Post



    The accompanying table shows the misery index number at the end of each administration. At the end of the Carter administration, the misery index had reached a record high (19.7) which was instrumental in his defeat by Ronald Reagan. By the third year of the Trump administration (just before the pandemic), the misery index had fallen to the lowest level (5.8) in more than a half century, and that was the primary reason most observers thought that former President Trump would be reelected. But then came the pandemic — which caused the misery index to jump to 8.1, higher than when Obama left office (6.8).
    With reasonably sound economic policies, the Biden folks ought to be able to bring down the misery rate — but unfortunately, they are not off to a good start. .....snip~
    Again, the maker of that chart (the Washington Times) picked those dates. There's nothing official about them. (And, FYI, your own link from earlier in this thread showed that the index was lower under Obama in 2015 than it was under Trump in 2019.) Like I said, it's arbitrarily selective data presentation designed to make Biden look worse than Trump.

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    Quote Originally Posted by RichardMZhlubb View Post
    Again, the maker of that chart (the Washington Times) picked those dates. There's nothing official about them. (And, FYI, your own link from earlier in this thread showed that the index was lower under Obama in 2015 than it was under Trump in 2019.) Like I said, it's arbitrarily selective data presentation designed to make Biden look worse than Trump.
    LMAO the Washington Times used the Dept of Labor Stats. Yes the Dept of Labor Stats are official.



    Barack Obama began his presidency on the tail end of the 2008 recession. The misery index shot up to 12.6% at the end of 2009, despite the America Recovery and Reinvestment Act (ARRA) and the extension of unemployment benefits. The economy slowly healed. By 2015, the index had fallen to 5.7%.....snip~


    No.....5.7 is higher than 5.3. Biden looks worse starting off because Biden is worse starting off. So no its not selective data like you said. Its just the facts for now. Until Biden numbers change.
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    Quote Originally Posted by MMC View Post
    LMAO the Washington Times used the Dept of Labor Stats. Yes the Dept of Labor Stats are official.



    Barack Obama began his presidency on the tail end of the 2008 recession. The misery index shot up to 12.6% at the end of 2009, despite the America Recovery and Reinvestment Act (ARRA) and the extension of unemployment benefits. The economy slowly healed. By 2015, the index had fallen to 5.7%.....snip~


    No.....5.7 is higher than 5.3. Biden looks worse starting off because Biden is worse starting off. So no its not selective data like you said. Its just the facts for now. Until Biden numbers change.
    Again, the data is reported for every month of the year. It was the Washington Times, not DOL, that cherry picked the dates to avoid making Trump look worse than Biden.

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    Quote Originally Posted by RichardMZhlubb View Post
    Again, the data is reported for every month of the year. It was the Washington Times, not DOL, that cherry picked the dates to avoid making Trump look worse than Biden.
    Pre-COVID data tells us the true Trump misery rate. Lockdowns were a state and local policy. Not a federal policy.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by RichardMZhlubb View Post
    Again, the data is reported for every month of the year. It was the Washington Times, not DOL, that cherry picked the dates to avoid making Trump look worse than Biden.
    Again what part confuses you about the end of each administration. Oh and the other link shows the same thing.


    Of course you not coming up with a link that debunks any of it, kind of puts you on front street.


    Biden is looking worse than Trump. He has a few months to try and get the index down. Just to be able to compete with Trump.
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    Quote Originally Posted by MMC View Post
    Again what part confuses you about the end of each administration. Oh and the other link shows the same thing.


    Of course you not coming up with a link that debunks any of it, kind of puts you on front street.


    Biden is looking worse than Trump. He has a few months to try and get the index down. Just to be able to compete with Trump.
    Well, if you think that the only data that matters is at the end of a president’s term and, apparently, that we should just ignore the rest, what’s the point of even looking at the data four months into Biden’s term?

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    Quote Originally Posted by RichardMZhlubb View Post
    Well, if you think that the only data that matters is at the end of a president’s term and, apparently, that we should just ignore the rest, what’s the point of even looking at the data four months into Biden’s term?
    So you are still confused as to how it is looked at for each year. Including the end of ones Presidency. They will have Bidens final number for the end of this year and I am sure they will report on it.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Government nearly destroyed the US economy through the most blatant abuse of power in US history and now they want to take credit for a weak recovery after loosening their stranglehold a little bit.
    When the people find that they can vote themselves money, that will herald the end of the republic.“ - Benjamin Franklin.


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    Quote Originally Posted by DGUtley View Post
    At least there's no more mean tweets....
    There are still plenty of Washington Times copy-n-pastes, which isn't much better then Trump tweets.

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    There is a large difference between inflation created by increased demand compared to reduction in supply.

    The Reagan and Bill Clinton years were results of increased demand.

    The Carter and Biden inflation is caused by reduction of supply.


    With good inflation (demand created) you are simply going to hire more people, add new equipment, hire more professionals like engineers to help you grow.
    The economy is the winner. More tax revenues are seen by government.

    With bad inflation ( reduction in supply) you are going to not hire or will reduce your work force. Overhead cuts will be required. You raise prices to try to stay in business but your total revenues fall.

    Carter and Biden are giving us "bad inflation". The public feel this and they see inflation happening at a much higher level than the government admits. Once the pay to stay home programs end you will see consumer confidence numbers start falling.

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