"The misery index is an economic indicator, created by economist Arthur Okun, and found by adding the unemployment rate to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflationcreate economic and social costs for a country" Wikipedia
As Obama spends like a drunken sailor we will see massive inflation very soon. The laws of supply and demand are simple. Anybody notice how much so called money is being printed with all these bailouts and spending bills under both the last 6 months of Bush and Obama? Has anyone seen any of this money yet? All this money has gone somewhere and into the hands of someone. Soon, those with this money will want something tangible out of it. When that happens, the huge pile of money waiting on the sidelines will come pouring into the economy all at once. When this happens, we will go to double digit inflation almost overnight. Our economy will come to a grinding halt in way not seen since the 1970s.
For those who think the economy is bad right now, the misery index nationally is about 10, most of that coming from unemployment. In August 2008, the misery index would have been about 6.8. For a comparison, the misery index was over 21 when Reagan took office. This proves my point that the real recession hasn't even hit yet.
