edthecynic
Censored for Cynicism
- Oct 20, 2008
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Proof of Tramp's claim that the election is rigged!So Carter's unemployment rate of 7.7% is BAD, but Reagan's 10.8% UE rate is GOOD. Carter's $59 billion deficit is BAD, but Reagan's/——/ I’m happy to educate you kids.Your link never mentions Carter, but it does reference Reagan's 10.8% unemployment rate in December 1982, actually Nov and Dec 1982, so clearly your own link was referring to the Great Reagan Recession and not Carter's shortest recession in history./——/ You didn’t read the link, did you? Let me help.The Carter recession was the shortest in history and ended July 1980. Reagan took over Jan 1981 and the Great Reagan Recession peaked in Nov and Dec 1982. Carter was NOT president in 1982.
Early 1980s recession - Wikipedia
The early 1980s recession was a severe global economic recession that affected much of the developed world in the late 1970s and early 1980s. The United States-and Japan exited the recession relatively early, but high unemployment would continue to affect other OECD nations until at least 1985.[1]
Failed to control inflation and unemployment
On assuming office in 1977, President Carter inherited an economy that was slowly emerging from a recession. He had severely criticized former President Ford for his failures to control inflation and relieve unemployment, but after four years of the Carter presidency, both inflation and unemployment were considerably worse than at the time of his inauguration. The annual inflation rate rose from 4.8% in 1976 to 6.8% in 1977, 9% in 1978, 11% in 1979, and hovered around 12% at the time of the 1980 election campaign. Although Carter had pledged to eliminate federal deficits, the deficit for the fiscal year 1979 totaled $27.7 billion, and that for 1980 was nearly $59 billion. With approximately 8 million people out of work, the unemployment rate had leveled off to a nationwide average of about 7.7% by the time of the election campaign, but it was considerably higher in some industrial states.
Jimmy Carter on Budget & Economy
- FY 1989 - $153 billion.
- FY 1988 - $155 billion.
- FY 1987 - $150 billion.
- FY 1986 - $221 billion.
- FY 1985 - $212 billion.
- FY 1984 - $185 billion.
- FY 1983 - $208 billion.
- FY 1982 - $128 billion. deficits are GOOD.
So Carter's unemployment rate of 7.7% is BAD, but Reagan's 10.8% UE rate is GOOD.
Well, after Carter's 7.7%, Carter lost 44 states.
After Reagan's 10.8%, Reagan won 49 states.