Misery Index (economic)

During the Presidential campaign of 1976 campaign, Democratic candidate Jimmy Carter invented what he referred to as the Misery Index, adding together the rates of inflation and unemployment, which produced a Misery Index of 13.4% at the time. Carter stated that no man responsible for giving the country a misery index that high had a right to even ask to be President. Carter, of course, won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index stood at 20.5%. He lost the election to Reagan.

Related Topics:
Presidential campaign of 1976 - Jimmy Carter - Inflation - Unemployment - 1980 - Ronald Reagan

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