Tuesday, March 8, 2011

Mitt Romney's Front Page op-ed: "Obama Misery Index hits a record high"

Mitt Romney brought up the 'Obama Misery Index' in his speech at the Lincoln-Reagan Dinner in NH on Saturday night.

The following Monday this UNOFFICIAL Campaign ad that was released by Romney's PAC, seemed to emphasize that same theme as well.

Today, Romney published an op-ed piece in the Boston Herald, "Obama Misery Index hits a record high":

The unemployment rate has just fallen one-tenth of a percent, from 9 percent to 8.9 percent. Of course, it is indeed progress, and it is being celebrated in the White House as such. But the celebrations bring to mind what a wit once said: An “acceptable” level of unemployment means that the government economist to whom it is acceptable still has a job. Today, as we move into the third year of the Obama administration, we do not have anything resembling even such an “acceptable” level of unemployment. Far from it. As of this month, 14 million Americans can’t find work.

When Ronald Reagan ran for president in 1980, he hung the Misery Index around Jimmy Carter’s neck. It consisted of the sum total of unemployment and inflation. Today, we have a different set of ailments. Instead of unemployment coupled with inflation, we have a toxic blend of unemployment, debt, home foreclosures, and bankruptcies. Their sum total is what we can call the Obama Misery Index. It is at a record high; indeed, it makes even the malaise of the Carter years look like a boom. Unemployment has fallen, but it’s fallen to a level that is still, by any historical marker, a national disaster. To suggest it as an achievement is to engage in what Daniel Patrick Moynihan famously called “defining deviancy down.”

Read the rest of the article HERE.

I'm sure we haven't heard the last of "Obama's Misery Index".


Anonymous said...

"we have a toxic blend of unemployment, debt, home foreclosures, and bankruptcies. Their sum total is what we can call the Obama Misery Index."


phil said...

Romney definitely has Obama number.
He is also best equipped to bring us out of this tail spin this countries in.

Looking4Substance said...

Now if Sarah could put something together like this rather than a tweet with made up words, She too might be looked upon as a more serious candidate.

Anonymous said...

leavin palin alone scumbag!! you'll see that mitt floppny will end up with the same results as in 2008, spend all that money for nothing.

kelly said...

It's clear to me that Romney understands the problems we face. He is also the best equipped to solve these problems.

There is nothing better than competence and experience.

Revolution 2010 said...

Great op-ed, the Obama Misery Index (unemployment, debt, home foreclosures, and bankruptcies) will be the major issues for voters in 2012. Not Health Care!