February 2009 – Obama’s own words: “I will be held accountable…you know, I’ve got 4 years. A year from now I think people are gonna see that we are starting to make some progress.” June 17, 2011 Misery Index Hits New High (CNN). “If I don’t have this done in 3 years, then it’s going to be a one term proposition.” He’s Right! Three years hits on January 21st, 2012.
About the Misery Index: Actually, the June 2011 Misery Index is not a new all-time high. That honor goes to Jimmy Carter in 1980. Today’s double digit is a high for the last 28 years, and is the first double digit since 1992 under G.H.W. Bush. In the first year of Ronald Reagan’s term, the Misery Index dropped from 20.76 to 17.97, ending his 8 years with 9.57. The Index has been under double digits through years 1993-2009.
The US Misery Index = Unemployment rate (9.1) + Inflation rate (3.57).
Mitt Romney Ad: Obama’s Misery Index