Chart of the Day

Erik Kain

Erik writes about video games at Forbes and politics at Mother Jones. He's the contributor of The League though he hasn't written much here lately. He can be found occasionally composing 140 character cultural analysis on Twitter.

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2 Responses

  1. Gherald L says:

    Neither Perry nor Andrew are implying that these numbers are thanks to the current administration’s policies.

    Rather, Andrew is once again suggesting that an unexpectedly strong recovery could be Reaganesque in its timing, propping up Obama’s poll numbers for the second half of his term.Report

  2. Bo says:

    I really dislike that chart: First, the years jump around to obvious point-scoring effect: The unemployment rates in 1980 and 1981 were 7.1% and 7.6% respectively, and the inflation rate fell to 10.35%, 6.16% and then 3.22% in 1981, 1982 and 1983. Second, the prime rate, 30 year mortgage rate, and 48 month car rate are all explicitly buoyed by the inflation rate, so of course they’d be much higher when the inflation rate is much higher. So, basically, it positions together 2 problems that didn’t occur simultaneously (indeed the jump in unemployment was largely caused by Volcker’s work to curb inflation), and it restates one of them 4 times.Report