MADE IN DC: Weak Economic Recovery Brings Americans’ Misery Level to 28-Year High

October 20, 2011

Weak Economic Recovery Brings Americans’ Misery Level to 28-Year High
The New “Misery Index” Highlights Americans’ Suffering Due to Obama’s Inability to Fix the Economy

DC DEMOCRATS STILL DON’T GET IT: Vice President Joe Biden admitted recently that the struggling U.S. economy is under his party’s ownership and claimed that it is getting better:

“‘Right now, we are the ones in charge, and it’s gotten better but it hasn’t gotten good enough,’ Biden told WLRN. ‘…I don’t blame them for being mad. We’re in charge. So they’re angry.’

“Biden said it is ‘totally legitimate’ for the 2012 presidential election to be ‘a referendum on Obama and Biden and the nature and state of the economy.’” (Brian Montopoli, “Joe Biden: The economy belongs to us, not Bush,” CBS News’ Political Hotsheet Blog, 9/29/11)

MADE IN WASHINGTON, DC: Undoubtedly, Americans do not agree with Biden’s sentiment that the economy has improved according to a new “misery index”:

“An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.

“The misery index — which is simply the sum of the country’s inflation and unemployment rates — rose to 13.0, pushed up by higher price data the government reported on Wednesday.

“The data underscores the extent that Americans continue to suffer even two years after a deep recession ended, with a weak economic recovery imperiling President Barack Obama’s hopes of winning reelection next year.” (“US ‘Misery Index’ Rises to Highest Since 1983,” Reuters, 10/20/2011)