Remember the "misery index"? If you do you'll know it was made up from the sum of the unemployment rate and the inflation rate back during the Carter administration. It did a pretty good job of reminding the voters that things were not improving and suggesting the need for a new administration.
Ask a Dem today, and you'll be told that inflation is near zero, and unemployment is a paltry 8.8%, making the index about 9.
Use uncooked numbers, however, and the real misery index combines an inflation rate of around 9.8% with a real unemployment rate (U-6) of 15.7% and you get 25.5, eclipsing the top rate of 21.9 from the end of the Carter administration.
Proof that Obama has succeeded in making Jimmy Carter look good.
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