From CNBC:
When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this…
…The (misery) index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008…
Clearly the MSM is still following the Obama line – thus it is still a “recovery”, even though none of us can see such a thing. Also, the report still goes on to say that things are sure to improve over the next year even though all signs are pointing to at least a serious slow down if not a full blown recession. The truth does have to come out, but we can rely on the MSM to let it out in as small amount as possible, and always with some bit of positive for Obama to bask in.
But the plain fact of the matter is that things are pretty miserable and are getting more so all the time…we need a complete change. We need an end to the fiat-money, usury-based economy. An economy of hard work, thrift and careful investment is what we need – we’ll never get rich quick, but we’ll be prosperous and secure in our prosperity. And we won’t get anything like that as long as Obama is in charge.
2012 really can’t get here fast enough…
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