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White House Tax Plan Would Ask More of Millionaires (Continued)


Have you applied numbers of actual individuals to you graphs? Cost of living is a major factor driving consumer confidence as well as the misery index and the cost of living was much higher in the 81-82 recession than it is today therefore misery index isn't bogus at all

The argument that the recession inherited by obama is worse than Reagan's is bogus and the misery index proves it.
 

Just curious but what was the cost of living in 81 - 82 relative to today, do you know?
 
winston53660 said:
Okay great inflation data. But that does not equate to the cost of living relative to today vs 81 - 82 which is basis of your argument.
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You don't think inflation affects cost of living? Wow
 
Conservative said:
You don't think inflation affects cost of living? Wow
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Well of course I do. But what you said is that the cost of living was higher in 81 - 82 than it is today. Can you support your argument or not?
 
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Conservative said:
The argument that the recession inherited by obama is worse than Reagan's is bogus and the misery index proves it.
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Incorrect. The misery index is the sum of inflation and unemployment; it does not measure the severity of a recession. To determine such, we need to measure the actual effects of the downturn(s) in question and make a relative comparison. Showing interest rates does not prove anything except that there were higher interest rates.
 
winston53660 said:
Well of course I do. But what you said is that the cost living was higher in 81 - 82 than it is today. Can you support your argument or not?
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So if inflation affects cost of living and inflation in 1981 was over 10% vs 2% in 2009 wouldn't cost of living be higher on just about everything then?
 

Misery index measures the impact on the American people and thus the recession of 1981-82 was worse, but that isn't going to change your mind. You weren't there, you have no clue. Doesn't change the mess we are in today nor the lack of leadership to get us out. The divider in chief has zero leadership skills and the results are indicative of those lacking skills. He has a very low JAR for a reason and most of that is do to the very poor recovery and lack of a viable economic plan.
 
Conservative said:
So if inflation affects cost of living and inflation in 1981 was over 10% vs 2% in 2009 wouldn't cost of living be higher on just about everything then?
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Wow you really don't have a clue as to what you are talking about.

Do you think that inflation from 81 - 82 just disappeared over the past 30 years?
 
Conservative said:
So if inflation affects cost of living and inflation in 1981 was over 10% vs 2% in 2009 wouldn't cost of living be higher on just about everything then?
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No, because that assumes that the real (inflation adjusted) price of all goods was equal.

You are going to have to adjust the CPI basket in 2010 to reflect the buying power of the dollar in 1982, and then compare it to the CPI basket in 1982. Or....

Adjust the CPI basket in 1982 to reflect the buying power of the dollar in 2010, and then compare it to the goods basket in 2010.

Good luck!:2razz:
 

If you are going to apply 2010 prices to 1981 then you have to do it with income as well as expenses. All relative. People in 1981-82 suffered under 17.5 Plus interest rates, high inflation and rising unemployment. Much worse than today
 
Claiming Obama is responsible for the bill he signed but Bush isn't only serves to highlight your sickness.
 
Sheik Yerbuti said:
Claiming Obama is responsible for the bill he signed but Bush isn't only serves to highlight your sickness.
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Sickness? Bush has been out of office for over 2 1/2 years and you still are obsessed with him all in an attempt to divert from Obama. I see that as a sickness not pointing out the Obama record. Again, you need a civics course badly.
 
Bush has been out of office for over 2 1/2 years and you still are obsessed with him all in an attempt to divert from Obama.
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I think you have typed this sentence over 100 times.
 
Jryan said:
I think you have typed this sentence over 100 times.
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You are right, I would have thought that liberals were smart enough to get it the first time and thus move on. I was wrong so I have to continue to repeat it because here we are at the end of 2011 and Bush is still being blamed for the Obama results.
 
Conservative said:
You are right, I would have thought that liberals were smart enough to get it the first time and thus move on. I was wrong so I have to continue to repeat it because here we are at the end of 2011 and Bush is still being blamed for the Obama results.
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Although he was blamed for it sense 2007?
 
Jryan said:
Although he was blamed for it sense 2007?
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Too bad civics isn't a strong suit for liberals nor is history. The country had a good 2007 which ran from October 2006 to Sept. 2007. The recession began in December 2007 and ended June 2009 so tell me again what Bush did in 2007?
 
WTF??? That article isn't even about foreclosures -- it's about the housing market slumping because people couldn't afford the interest. Starting in 2006, we saw historic levels of foreclosures.

Not people who can't afford to buy a house but people who already bought one but could no longer afford to stay in them due to increased interest rates or others who abandoned their mortgages because the value of their house dropped so drastically, they were upsidedown. How do you not comprehend the difference between a time when people could afford to buy a house with a time when people can't afford to stay in their house.

Unbelievable.
 
Conservative said:
You are right, I would have thought that liberals were smart enough to get it the first time and thus move on. I was wrong so I have to continue to repeat it because here we are at the end of 2011 and Bush is still being blamed for the Obama results.
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Remind me again where was GDP when Obama took over? Minus what 7% or so?
 
Conservative said:
Too bad civics isn't a strong suit for liberals nor is history. The country had a good 2007 which ran from October 2006 to Sept. 2007. The recession began in December 2007 and ended June 2009 so tell me again what Bush did in 2007?
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Oh yeah, the economy had nothing to do why we had a strong distaste for republicans. I wish, only, hell I pray (and I'm an atheist) that fellow republicans could only taste that same disgusting thing we had in our office. Then they would realize never to vote republican again. America forgets emotions, America doesn't care, and it is people like you that convince them to do so.
 
Conservative said:
Too bad civics isn't a strong suit for liberals nor is history.
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Maybe you should learn that Democrats where not in charge of the Senate when the recession began in March of 2001 before projecting your shortcomings onto others?

Just sayin'.
 
winston53660 said:
Remind me again where was GDP when Obama took over? Minus what 7% or so?
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Remind me again what the unemployment, under employment, debt, misery index were when Obama took office and what they are today?
 
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