John Williams, over at Shadow Stats, compiles economic data for inflation and unemployment the way it used to be calculated pre-1990. Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate. If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president. Most believe the height of the Index along with the Iranian hostage crisis is what caused Carter to lose his re-election bid.
Verrrry interesting. But I still stick to my steak dinner bet with Little Miss Atilla that come Jan 20, 2013 it will be Barack Obama taking the Oath again.
P.S. — Employment rates among African Americans is the worst ever. They told me if I voted for McCain that there’d be discrimination against minorities from The White House — they were right!