EconChick
Gold Member
- Feb 15, 2014
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The next thing I'd like to point out is you lefties never put your graphs, links, and numbers into any context.
I guess that works on people naïve enough to not question your assumptions and context...but that pool of dum dums is getting smaller and smaller as every day Americans are figuring out what a mess O's made of the economy, and especially their livelihoods.
So lets' give this some context. As I mentioned in my post, Reagan inherited double digit inflation, double digit unemployment, and double digit interest rates.
What were the rates under Carter before Reagan started fixing the economy?
Hint: they were, wait for it...........wait...wait...wait for it........they were double digit.
As you can see from the graph, Reagan inherited 7.5% unemployment, which is single digit (because the decimal doesn't count)
The real truth is Reagan inherited just short of 12% unemployment from the Carter Administration.