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Friday, October 21, 2011

Misery Index: 13 (Unemployment Plus Inflation) -- 28-Year High

Link here.
An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.

The misery index — which is simply the sum of the country's inflation and unemployment rates — rose to 13.0, pushed up by higher price data the government reported on Wednesday.
The data underscores the extent that Americans continue to suffer even two years after a deep recession ended.
In other news, now being reported at ABC:
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
It's hard to believe 41 percent of Americans either support stimulus money going to Finland or aren't listening.

There must be some federal program that I am not aware of that encourages government funding of $500 million for green-energy start-ups.  The Solyndra lone guarantee was for $535 million.

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