Reagan Unumployment rate was 10.8% at the End of 82

Discussion in 'Current Events' started by Truthseeker420, Apr 3, 2011.

  1. Truthseeker420
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    Truthseeker420 Gold Member

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    Reagan came into office with initial job approval ratings as high as 60% by mid-March 1981. On March 30, Reagan was shot by John Hinckley and the resulting concern and sympathy lifted his ratings to 68% by May.

    But even as Reagan recovered from his wounds, the public's concerns about the bad economy didn't, and his ratings began to fall as each month went by.

    By the end of 1981, Reagan's job approval rating had drifted down to 49%.

    In 1982, the public's view of the economy remained sour, and his ratings during 1982 fell even further, hitting the 40% range, ending his second year at 41%. In the '82 midterm elections, the Republicans lost 28 seats in the House. The cause? The economy and the voter's anger over it.

    The unemployment rate in Reagan's second year - a full year after his tax cuts for the top 1% - rose to a post WW2 high of 10.8%. According to Gallup, only one third approved of the way he was handling the economy, with the deficit exploding due to his tax cuts benefiting the wealthy.

    At the beginning of '83, his approval rating fell to a low of 35%.

    The economy, and Reagan's approval, only started to improve in his third year.

    01/1981 - Unemployment rate 7.5% .... Reagan sworn in.
    02/1981 - 7.4%
    03/1981 - 7.4%
    04/1981 - 7.2%
    05/1981 - 7.5%
    06/1981 - 7.5%
    07/1981 - 7.2%
    08/1981 - 7.4% *Reagan cuts taxes for top 1% & says unemployment will DROP to 6.9%.
    09/1981 - 7.6%
    10/1981 - 7.9%
    11/1981 - 8.3%
    12/1981 - 8.5%
    01/1982 - 8.6%
    02/1982 - 8.9%
    03/1982 - 9.0%
    04/1982 - 9.3%
    05/1982 - 9.4%
    06/1982 - 9.6%
    07/1982 - 9.8%
    08/1982 - 9.8%
    09/1982 - 10.1%
    10/1982 - 10.4%
    11/1982 - 10.8%

    Daily Kos: Unemployment Hits 10.8%, Presidential Approval Drops to 35%
     
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  2. Political Junky
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    Political Junky Gold Member

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    Yep, sure was. Reagan had a 10.8% unemployment and 35% approval.
     
  3. hortysir
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    hortysir In Memorial of 47

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    And this is, most likely, the 37,000,000th time it's been posted online.

    Does this excuse BamBam?
     
  4. Cal
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    Cal Since 2010™

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    Unumployment?

    Ur a gud speeelller!
     
  5. Truthseeker420
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    Truthseeker420 Gold Member

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    lol like you don't use spellcheck. unemployment.
     
  6. whitehall
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    whitehall Gold Member

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    Reagan had a slim majority in the senate but he had to deal with a hostile democrat majority in congress during his first term. Contrast that to Obama who had a blank check majority in both congress and the senate and came up with a historic spending spree worthy of a community activist on drugs with a stolen ATM card.
     
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  7. Truthseeker420
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    Truthseeker420 Gold Member

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    About the same amout of threads that give BS about Reaganomics/Trickle Down Theory.
     
  8. Cal
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    Cal Since 2010™

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    :lol:
     
  9. Truthseeker420
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    Truthseeker420 Gold Member

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    I read somewhere,with the exception of you(j/k), that people don't look at the whole word but just key letters.
     
  10. Flopper
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    Tax cuts are good for the economy right? Would anyone care to explain why unemployment has increase after every major tax cut in the last 50?


    Tax Fredom Act 1969 5yr avg before cut 3.445 5yr avg after cut 3.58%

    Tax Reform Act of 1981 5yr avg before cut 7.4% 5yr avg after cut 7.9%

    Tax Relief Act of 2003 5yr avg before cut 5.9% 5yr avg after cut 6.1%

    Tax Relief Act of 2003 5yr avg before cut 4.94% 5yr avg after cut 7.9%
     

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