Friday, March 4, 2016

Attacks Against Trump To Increase Until Headlines Can't Deny Economic Weakness

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The steady transition from higher-skilled and -paying manufacturing jobs to lower-skilled and -paying service producing jobs since 1945 won't be reversed by ONE mediocre jobs report (chart). While the media plays up the idiocy of Trump supporters - what the hell are they thinking?, the logic presented why they (the public) should withdrawal their support for him is so flawed only the haters would believe it. What's the source of idiocy here? This is not a Trump endorsement but rather a challenge to the logic used to influence decision-making.



Chart


Headline: Americans just aren’t “miserable” enough to elect Donald Trump

The jobs report could mean bad news for Donald Trump.

The impressive non-farm payrolls of 242,000 and an unemployment rate that remained at 4.9% put even more downward pressure on what’s known as the “Misery Index,” an unofficial economic measure calculated by adding the unemployment rate and inflation.

This indicator, created by economist Arthur Okin, has become a staple of election-year commentary and has an impressive record of predicting the outcome of U.S. presidential elections since the middle of the last century. The current index, at a 25-year low, suggests the Democrats will retain control of the White House this year, according to Bloomberg’s Chief U.S. Economist Carl Riccadonna.


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