{"id":4365,"date":"2011-05-01T14:47:57","date_gmt":"2011-05-01T21:47:57","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=4365"},"modified":"2011-05-01T22:21:23","modified_gmt":"2011-05-02T05:21:23","slug":"mitt-romney-hang-the-obama-misery-index-around-his-neck","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=4365","title":{"rendered":"Mitt Romney: Hang The Obama Misery Index Around His Neck"},"content":{"rendered":"

Last Friday Mitt Romney spoke<\/a> before a gathering of Americans for Prosperity, the Koch-funded lobbying group that bankrolls the Tea Party. In response to a question, Romney stumbled over language that comes perilously close to a lynching reference:<\/p>\n

“Do you remember that during the Ronald Reagan-Jimmy Carter debates, that Ronald Reagan came up with this great thing about the Misery Index? And he hung that around Jimmy Carter’s neck and that had a lot to do with Jimmy Carter losing. Well we’re going to have to hang the Obama Misery Index around his neck. And I’ll tell you, the fact that you’ve got people in this country really squeezed with gasoline getting so expensive, with commodities getting so expensive, families are having a hard time making ends meet. So we’re going to have to do talk about that, and housing foreclosures and bankruptcies and and higher taxation. We’re going to hang him with that — uh, so to speak, metaphorically, with, uh, you have to be careful these days, I learned that — with an Obama Misery Index.”<\/p><\/blockquote>\n

With so many examples of overt racism threading through the fabric of modern Republicanism, it is tempting to interpret every alleged gaffe in the most negative light. While Romney should know better than to juxtapose the words “hang”<\/em> and “Obama”<\/em> so closely (and his attempted recovery shows that he does know), I don’t think this qualifies as a racist remark. He is clearly using the metaphor of “hanging an albatross”<\/em> around one’s neck, not a noose dangling from a tree. However, he’s still not off the hook (if I may mix my metaphors).<\/p>\n

His remarks begin by attributing the Misery Index<\/a> to Ronald Reagan. That isn’t true.<\/p>\n

“The misery index is an economic indicator, created by economist Arthur Okun, and found by adding the unemployment rate to the inflation rate.”<\/p><\/blockquote>\n

What’s worse though, from a strategic perspective, is that the Misery Index under Reagan averaged 12.19. Under Obama, so far, it is only 11.48. And that doesn’t take into consideration that Reagan had eight years to spread the misery out. Obama was saddled with the worst economic calamity since the the Great Depression and has only had two years to try to correct it. Nevertheless, he is still outperforming Reagan.<\/p>\n


\n[Click to enlarge]<\/center><\/a><\/p>\n

In addition, an analysis of the Misery Index from the Truman administration to the present shows that the misery produced by Republicans (10.64) was significantly worse than that by Democrats (9.17). So if Romney wants to raise the issue and hang it around anyone’s neck, he might not want to stick his out so far without looking at the facts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last Friday Mitt Romney spoke before a gathering of Americans for Prosperity, the Koch-funded lobbying group that bankrolls the Tea Party. In response to a question, Romney stumbled over language that comes perilously close to a lynching reference: “Do you remember that during the Ronald Reagan-Jimmy Carter debates, that Ronald Reagan came up with this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[152,1],"tags":[183,260],"class_list":["post-4365","post","type-post","status-publish","format-standard","hentry","category-election","category-general","tag-barack-obama","tag-mitt-romney"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-18p","jetpack-related-posts":[{"id":6352,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6352","url_meta":{"origin":4365,"position":0},"title":"The Mitt Romney Gaffe That Everyone Missed","author":"Mark NC","date":"2\/6\/2012","format":false,"excerpt":"Over the past few weeks there has been a lot of attention paid to some questionable remarks by GOP frontrunner, Mitt Romney. 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