The point is not that you can't outweigh all the 'bad indicators' by 'good indicators' that you, personally, weight more highly. If you want to make that argument, great. He said 'by nearly all indicators', which to me, frankly, is dishonest propaganda.
I'm guessing 'by nearly all indicators' was referring to standard indicators used to measure these things (infant mortality rates, GDP, quality of life, life expectancy). Of course he's not going to take into account some of your 'indicators' (e.g. level of congestion on morning commute). That's a bullshit indicator. It's relevant to a relatively very small number of people. The indicators I've stated above are relevant to everyone.
