{"id":8890,"date":"2011-03-14T10:17:28","date_gmt":"2011-03-14T14:17:28","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=8890"},"modified":"2011-03-14T10:18:55","modified_gmt":"2011-03-14T14:18:55","slug":"economist-survey-unemployment-for-2012-election-will-be-highest-since-1976-carterford","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/8890\/economist-survey-unemployment-for-2012-election-will-be-highest-since-1976-carterford\/","title":{"rendered":"Economist Survey:  Unemployment for 2012 Election Will Be Highest Since 1976 Carter\/Ford"},"content":{"rendered":"<p>According to a <em>Wall Street Journal<\/em> <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703555404576195030362085382.html?mod=ITP_pageone_1\" target=\"_blank\">survey<\/a> of economists, unemployment for the November 2012 election will remain elevated at 7.7%.\u00a0 That would make it the highest for a presidential election since the Carter\/Ford nailbiter in 1976, when it was 7.8%.<\/p>\n<p>Ominously, the report adds, &#8220;Economists in the survey slightly raised the likelihood of recession over the next 12 months to 14%, largely due to rising oil prices.&#8221;\u00a0 The article endeavors to highlight the caveat that, &#8220;analysts point out that it is often the overall trend &#8211; rather than the level of joblessness &#8211; that determines an incumbent&#8217;s fate.&#8221;\u00a0 The 7.8% rate of November 1976 (in which the incumbent Ford lost), however, <a href=\"http:\/\/data.bls.gov\/pdq\/SurveyOutputServlet\" target=\"_blank\">had declined<\/a> from 9.0% in May of 1975, 8.3% one year earlier and 7.9% at the beginning of 1976.<\/p>\n<p>Liberal pundits appear <a href=\"http:\/\/fns.blogs.foxnews.com\/2011\/03\/06\/panel-plus-march-6-2011\/\" target=\"_blank\">eager to claim<\/a> that no Republican wants to take on the supposedly strong Obama, but this survey and storm clouds in the form of higher <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/54-state-of-affairs\/923-i-voted-for-hope-and-change-but-all-i-got-was-this-lousy-deficit\" target=\"_blank\">gas prices<\/a>, overall inflation and worldwide chaos may suggest otherwise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a Wall Street Journal survey of economists, unemployment for the November 2012 election will remain elevated at 7.7%.\u00a0 That would make it the highest for a presidential election since the Carter\/Ford nailbiter in 1976, when it was 7.8%. Ominously, the report adds, &#8220;Economists in the survey slightly raised the likelihood of recession over [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2034,914,19,102,24,18],"class_list":["post-8890","post","type-post","status-publish","format-standard","hentry","category-posts","tag-2012-election","tag-2012-presidential-election","tag-economy","tag-free-market","tag-obama","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=8890"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8890\/revisions"}],"predecessor-version":[{"id":8893,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8890\/revisions\/8893"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=8890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=8890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=8890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}