Posts Tagged ‘index

30
Apr
11

good grief

(Thank for the video link, TeamObama)

The Boston Globe: Expected Republican presidential contender Mitt Romney tread on socially dangerous ground last night as he talked about the need to “hang” a misery index around the neck of Barack Obama, the nation’s first black president.

Romney almost immediately caught himself, with the English major declaring “metaphorically” speaking, but the mix of nervous laughter with applause indicated at least some in the audience realized its potency.

Romney said: “You remember during the Ronald Reagan/Jimmy Carter debates? That Ronald Reagan came up with this great thing about the ‘misery index,’ and that 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 talk about that, and housing foreclosures and bankruptcies and higher taxation. We’re going to hang him — uh, so to speak, metaphorically — with, uh, with, uh — you have to be careful these days, I’ve learned that, with an Obama Misery Index.”

A video of the remarks posted on YouTube cuts off at, “you have to be careful,” without the final 10 words.

2007

****

Thank you Kelly

01
Mar
11

‘gallup’s u.s. job creation index highest since september ’08’

Gallup: Gallup’s Job Creation Index reached a 2 ½-year high of +12 in February, breaking a four-month period of essentially no improvement.

The +12 Index score reflects 30% of employees nationwide saying their employers are hiring and 18% saying their employers are letting workers go. This is a ….a major improvement from February 2010, when 25% were hiring and 23% letting go.

More here

04
Jan
11

‘if this is socialism, call me comrade’

Ritholtz.com: No politics or partisanship here, “just the facts ma’am”.  The stock market, as measured by the S&P500 (a capitalization-weighted index, published since 1957, of the prices of 500 large common stocks actively traded in the United States) is up just about 50 percent since President Obama’s inauguration …. only Eisenhower comes close, but not even in the same zip code. A 50 percent stock move does a lot “spreading the wealth around” and Joe the Plumber’s pension is in much better shape today than it was in November 2008.

Washington Monthly: For about the first two months after President Obama was inaugurated …. Wall Street indexes were dropping sharply … conservatives said the declines were evidence that the White House’s economic policies were a mess, if not an outright failure, and that the president didn’t know what he was doing.

…..The drop in the Dow, the Wall Street Journal insisted, was a direct result of investors evaluating “Mr Obama’s agenda and his approach to governance”. Karl Rove and Lou Dobbs made the same case. So did Rush Limbaugh, Sean Hannity, John Boehner, Mitt Romney…..

That was nearly two years ago, and wouldn’t you know it, they’re not saying that anymore.

….a chart like this one (see above) comes with all kinds of caveats … the value of a stock market index is hardly the best metric for measuring the strength of the economy …. and it’s easier to generate major gains like these when one starts from a very low point – and after eight years of disastrous Republican policies, Bush bequeathed an economy in shambles.

That said, there are some relevant angles to results like these, too. For example, it’s hard not to notice that the right seems awfully selective about when Wall Street indexes count – when the markets are down, Obama deserves the blame; when the markets are up; Obama doesn’t deserve the credit. It’s funny how that works. It’s also tough for unhinged conservatives to continue to insist that the White House is comprised of radical socialists, intent on destroying private enterprise, when major indexes have soared under Obama’s watch.

Full article here




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