It’s an election year, after all. And the crisis-dependent (Obama-crazy) media want you think everything’s going down the tubes. People are miserable. But:
Voices of reason keep trying to point out that conditions are not
nearly as bad as they were the last time consumers were this
despondent. That was in May 1980, during the final year of the Carter
administration, when the "misery index" – the sum of the inflation and
unemployment rates – hit an excruciating 21.9. Inflation was then at
14.4 percent; unemployment was 7.5 percent. The numbers today are 5 and
Great piece. Read the whole thing.