When Bush took office in January 2001, the Misery Index — the combination of unemployment and inflation — stood at 7.93.
It was 7.63 when Obama took office on Jan. 20.
That was the lowest for a presidential since Johnson became president in 1963. And frankly, Nov. 22, 1963, was the saddest day in the lives of most Americans at that time.
Instead of enjoying the good economy, Obama has been talking gloom, despair and agony on he.
It is just not true.
The more he talks about it, the closer to reality it will get.
Which may be what he wants.
The Misery Index dates back 60 years. In that time, 11 men have assumed the presidency.
It was 3.28 for Dwight Eisenhower.
8.31 for Jack Kennedy.
7.02 for Johnson.
7.80 for Richard Nixon.
16.36 for Jerry Ford.
12.72 for Jimmy Carter.
19.33 for Ronald Reagan. Clearly, the worst since the Depression.
10.07 for George H.W. Bush.
10.50 for Bill Clinton.
7.93 for Bush 43.
7.63 for Barack Obama.
I say it doubles — tops 15 — within a year because of Obama’s economy-destroying fiscal policies.
The numbers are here.
We'll get through this recession as we've gotten through all the others--if our government doesn't screw things up.