Those Freudian slips are a real PITA for this President. Keep 'em coming Chief!!
You Didn’t Build That « azizonomics:
"Obama:
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business–you didn’t build that. Somebody else made that happen. The internet didn’t get invented on its own. Government research created the internet so that all the companies could make money off the internet.
Much of the blogosphere — especially the liberal fringes — has defended Obama’s statement, along one of two lines:
That Obama didn’t mean that business-owners didn’t build their businesses — he was talking about infrastructure creation and the wider economic, legal and political system.
That Obama is right, and businesses owners are really not responsible for building their businesses.
Both of these arguments are nonsensical."
'via Blog this'
So it seems like the Re-distributor in Chief had another "Freudian slip", Joe the Plumber moment and the election may hinge on whether you believe in the so-called "Top-Down", "Trickle Down" economics (which worked pretty well for Reagan / Volcker -- who BTW, "inherited" a far worse economy from Jimmy Carter.
At least under Reagan, we had some semblance of a recovery from the "Misery Index" years of Carter. Lately it seems as if everyone is all to willing to give credit for this Reagan recovery to President Clinton of all people, the guy who planted many of the seeds for the current disaster) or maybe we would rather have the current iteration of "Bottom-Up" economics espoused by Obama.
This seems to be where we are heading IMO as well.
It really seems as if rather than debating whether Obama is as "great" a President as Reagan or Roosevelt, the debate more likely may eventually revolve around whether he ends up being considered "worse" than Carter or Nixon.
from wikipedia.com:
Misery index - era by U.S president
| President | Time Period | Average | Low | High | Start | End | Change |
|---|---|---|---|---|---|---|---|
| Harry Truman | 1948–1952 | 7.88 | 3.45 – Dec 1952 | 13.63 – Jan 1948 | 13.63 | 3.45 | -10.18 |
| Dwight D. Eisenhower | 1953–1960 | 6.26 | 2.97 – Jul 1953 | 10.98 – Apr 1958 | 3.28 | 7.96 | +4.68 |
| John F. Kennedy | 1961–1962 | 7.14 | 6.40 – Jul 1962 | 8.38 – Jul 1961 | 8.31 | 6.82 | -1.49 |
| Lyndon B. Johnson | 1963–1968 | 6.77 | 5.70 – Nov 1965 | 8.19 – Jul 1968 | 7.02 | 8.12 | +1.10 |
| Richard Nixon | 1969–1974 | 10.57 | 7.80 – Jan 1969 | 17.01 – Jul 1974 | 7.80 | 17.01 | +9.21 |
| Gerald Ford | 1974–1976 | 16.00 | 12.66 – Dec 1976 | 19.90 – Jan 1975 | 16.36 | 12.66 | -3.70 |
| Jimmy Carter | 1977–1980 | 16.26 | 12.60 – Apr 1978 | 21.98 – Jun 1980 | 12.72 | 19.72 | +7.00 |
| Ronald Reagan | 1981–1988 | 12.19 | 7.70 – Dec 1986 | 19.33 – Jan 1981 | 19.33 | 9.72 | -9.61 |
| George H. W. Bush | 1989–1992 | 10.68 | 9.64 – Sep 1989 | 12.47 – Nov 1990 | 10.07 | 10.30 | +0.23 |
| Bill Clinton | 1993–2000 | 7.80 | 5.74 – Apr 1998 | 10.56 – Jan 1993 | 10.56 | 7.29 | -3.27 |
| George W. Bush | 2001–2008 | 8.11 | 5.71 – Oct 2006 | 11.47 – Aug 2008 | 7.93 | 7.49 | -0.44 |
| Barack Obama | 2009–Present Incomplete data Data updated through May 2012 | 10.75 | 7.30 – July 2009 index offset by negative inflation (-2.10) | 12.97 – September 2011 | 7.73 | 9.9 | +2.17 |
[edit]Misery and crime
Some economists posit that the components of the Misery Index drive the crime rate to a degree. Using data from 1960 to 2005, they have found that the Misery Index and the crime rate correlate strongly and that the Misery Index seems to lead the crime rate by a year or so.[5] In fact, the correlation is so strong that the two can be said to be cointegrated, and stronger than correlation with either the unemployment rate or inflation rate alone
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