Unemployment rose to 10.8% Under Ronald Reagan!

In President Reagan’s first year in office, unemployment exceeded 8% so he cut taxes for the rich. In his second year the rate climbed to 10.8%. It wasn’t until he had been in office for 28 months that it dropped back to 8%. The Republicans, of course, blamed President Carter’s policies.  Now, with unemployment at 9.7% in President Obama’s 15th month in office, do you think that these same Republicans attribute the high rate to the Bush economic policies? Get real!

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