“Worse than Jimmy Carter, he needs to leave.” Not just a slogan anymore! It is the gospel truth and the evidence and proof are irrefutable. Numbers and facts don’t lie nor do they spin.
Jimmy Carter’s worst year was 1980 in which the unemployment rate was at 7.2%, inflation (as figured by CPI) was 13.6% giving Carter a record misery index of 20.8.
Last year, under Barack Obama unemployment was 9.5%, inflation (as figured by CPI) an astounding 27.67%, giving Obama a record smashing misery index of 37.17.
For those that doubt the inflation rate. Let’s look at the facts:
Cotton is up 132 percent. Agricultural raw materials up 39 percent. Oil up 21 percent. Coal up 36 percent. Metals up 57 percent. Coffee up 70 percent. Wheat up 62 percent. Beef up 39 percent. Fish up 31 percent. Hard logs up 19 percent. Soft logs up 27 percent. Rubber up 79 percent. Wool up 57 percent. Fertilizer up 39 percent. Soy beans up 42 percent. Corn up 58 percent. Silver up 60 percent. Industrial Inputs Price Index up 51 percent. Commodity Food Price Index up 30 percent. Commodity Fuel Price Index up 20 percent. Overall Commodity Price Index up 20 percent.
And to think, even when presented with the hard, cold facts, there are still some that are willing to try and get this guy reelected! That just defies logic.
And through it all Carter managed to keep the AAA credit rating of the United States. Barack Obama, the only president in history that managed to blow it, and downgrade our credit rating. And some of you still want to vote for this total failure? What the hell is the matter with you? I guess what they say is true. Misery loves company, huh?
High unemployment, stagnant wages, gridlock in Congress, and a stockmarket slump all contributed to a consumer mood that was as grim as when Jimmy Carter was President during the recession of 1980 and interest rates were more than 20 percent.[...]
The preliminary August reading on the consumer sentiment index fell to 54.9 in early August, down from 63.7 in July, and the index has fallen for three straight months in the Thomson Reuters/University of Michigan survey.
Unemployment at 9.1 percent of the workforce, low wage rises, and the protracted debate in Congress over raising the U.S. government debt ceiling spooked consumers, survey director Richard Curtin said in a statement.
“Never before in the history of the surveys have so many consumers spontaneously mentioned negative aspects of the government’s role,” Curtin said.
“This was more than the simple recognition that traditional monetary and fiscal policy measures were largely spent. It was the realization that the government was unable or unwilling to act,” Curtin added.
Bad economic times were expected by 75 percent of all consumers in early August, just below the all-time peak of 82 percent in 1980. Buying plans for household durables and vehicles declined in early August, falling back to their recession level lows.
Like I said, “worse than Jimmy Carter, he needs to leave.”
