Does history spell trouble for Obama?
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14% | ||
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29% | ||
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43% | ||
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14% | ||
President Carter once stated that no president with a Misery index above 12% deserved to hold the office.
So with the misery index currently slightly below 11% unless it falls drastically between now and the election, Obama is in for a rocky road. During his term, the misery index went from 7.83% to 12.87% Another correlation between Carter as a one term president and Obama is that both had record high gas prices under thier administration. He sort of put his foot in that one by making a campaign promise in 2008 to lower gas prices.
Both are also experiencing increased tensions with Iran, with the threat of war looming on the horizon.
Also our increasing tensions with China the last communist super power mirror those of the U.S.A. and Russsia in Carters time.
http://usa.chinadaily.com.cn/business/2012-01/30/content_1450...
CHINA and Russia yesterday launched their first joint naval exercises, raising strange new dynamics in the balance of power in the region that has seen the US and India rattling sabres and tensions rise between China and its neighbours over territorial claims.
News of the exercises came as Japan splashed billions of dollars through the countries of the Mekong delta - Thailand, Vietnam, Cambodia, Laos and Burma - to offset China's growing influence.
Included in Japan's beneficence was a separate cancellation of Burma's entire $3.5 billion debt to Tokyo.
The six days of Chinese-Russian drills are taking place in the Yellow Sea off the city of Qingdao in Shandong province on China's east coast, the official China News Service said.
China and Russia have held four joint military drills since 2005, but these are the first dedicated naval exercises, a Chinese expert said.
Yin Zhuo, who advises the Chinese navy, said the number of ships involved was unprecedented - China has 16 naval vessels and two submarines taking part in this exercise while Russia has four warships.
With all these similarities in the two elections it just may spell defeat for Obama the same way that it did for Carter nearly 40 years ago.
http://www.youtube.com/watch?v=P3hY1eagq88&feature;=related
Fun Fact:
The lowest Misery Index was in July 1953: 2.97
The Top Marginal Tax Rate in July 1953: 92%
Do you still want to play 'Misery Index' or are taking your ball and running home now?
http://www.miseryindex.us/ind...
http://www.taxpolicycenter.or...
Obama actually increased it it by 3 points.
Reagan Average Misery Index: 12.97
Obama Average Misery Index: 10.79
End of Story.
My Opiinion of Carter is that what made him a good man also made him a bad president. He was a nice guy, too nice. He was so nice he got led around by the beurocrats when he got to Washington.
'When you try to please everyone, you end up pleaseing noone least of all yourself.'
"Of course Carter left him with a 19.3 to start"
Fun Fact: Reagan reduced the Misery Index into the 8's with a Top Marginal Tax Rate of 50%. As soon as he lowered taxes to 28%, the Misery Index began climbing again, leaving GHW Bush to start with an MI of 10.07.
Historically, Low Taxes = High Misery. Make your own chart using the same 2 links I provided above.
Reagans tax cuts took place in 1981 and the misery index began to fall immediately.
That's 11 points higher than what the Presidents wants.
Now tell us what happened when Reagan cut taxes to 28% for the 1988 tax year.
There was no tax adjustment in1988 so this must be the one you are talking about sponsored by democrats. But yes it was part of his plan and was a bipartisan attempt to simplify the tax code and close loopholes.
Now tell us what happened to the Misery Index after that.
http://www.taxpolicycenter.or...
Take down the turtle!