Geee Posted June 8, 2012 Share Posted June 8, 2012 Washington Examiner: President Barack Obama's re-election turns on his ability to convince voters that 1) Obama inherited a "Great Recession," 2) every "independent" economist supported the "stimulus," 3) "bipartisan" economists agree that Obama's stimulus worked, and 4) as actor Morgan Freeman puts it, racist Republicans say, "Screw the country ... we're going to do whatever we can to get this black man outta here" — nothing to do with deeply held policy differences. That's a lot of merchandise to push. 1) Take this "Great Recession" business. Remember the "misery index"? The term, popularized by former President Jimmy Carter, used to mean inflation plus unemployment. Unfortunately for John Kerry, by the time he ran for president in 2004, the misery index stood at 7.4 midway into the election year, the same as when George W. Bush won the presidency in 2000. What to do? Change the definition. Kerry invented a new misery index, one that included only high-rising costs like college tuition, health care and gas prices. Similarly, "bad economic times" used to mean, above all, high unemployment. Within a year of Obama's presidency, unemployment climbed to 10.2 percent. Within three years of Reagan's presidency, unemployment reached 10.8 percent. Under Obama, inflation has been — at least so far — rather modest. Early in Reagan's presidency, inflation reached 13.5 percent. Rather than describe this era as the "Great-Recession-turned-around-by-Reagan's-pro-growth-policies," many pundits and scribes dismiss this period of extraordinary growth as the "me decade" or the "decade of greed." 2) "There is no disagreement," said then-President-elect Barack Obama, "that we need action by our government, a recovery plan that will help to jump-start the economy." What?! More than 200 economists, including several Nobel laureates, signed on to a full-page ad placed in major newspapers by the libertarian Cato Institute. Eventually, over 130 more economists became signatories to the ad. Link to comment Share on other sites More sharing options...
Pepper Posted June 8, 2012 Share Posted June 8, 2012 @Geee Obama should do well with this stunning new campaign strategy, since he is incapable of telling the truth. 1 Link to comment Share on other sites More sharing options...
SrWoodchuck Posted June 8, 2012 Share Posted June 8, 2012 Only four? Link to comment Share on other sites More sharing options...
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