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The Economy and Jobs: Swingers Discussion 1519041051
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TOPIC: The Economy and Jobs
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"Under Reagan unemployment peaked at 10.8% for the month of December 1982. From that time forward unemployment consistently dropped and fell to 5.5% in Reagan's last year of office."

So it took him around six years and the Right wants BHO to do it in less then three?
Cape Coral FL
 
 
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Bachmann will do just fine sabotaging her campaign all by herself...
Lakeside CA
 
 
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No but Michelle Bachmann is in officially.
Saint Louis MO
 
 
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Is Reagan running for President again?
Sanford NC
 
 
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"Was not unemployment at 10.5% also? Or was that at some other point in his Presidency?"
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Under Reagan unemployment peaked at 10.8% for the month of December 1982. From that time forward unemployment consistently dropped and fell to 5.5% in Reagan's last year of office.
Minden NV
 
 
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"At this time in Reagan's first term, he was at 39% approval.."

Was not unemployment at 10.5% also? Or was that at some other point in his Presidency?
Cape Coral FL
 
 
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Actually the problem is OBAMASS and his whole crew PERIOD.

Mickey.
Maurice LA
 
 
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One would expect the Heritage Foundation to put a dismal spin on things.

The report shows that receipts and outlays equalize somewhere around 2015-16 or so. By 2035, both receipts and outlays are projected to be around 23% of GDP. That is higher than the historical average, but there are things we can do to adjust that.

The total debt increases from the current 69% or so to 84%. That is a problem, but a manageable one...
Lakeside CA
 
 
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1. Bush (and now Obama) tax cuts (which haven't created the jobs they promised)
2. Defense spending, specifically on 3 wars
3. Economic downturn

Solve those three and your 90% home. Do some work on health care costs (not shifting them but actually lowering them) and you are in positive territory. And we haven't even talked about people and companies that don't pay taxes.
W Bloomfield MI
 
 
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http :// blog .heritage.o rg/2011/06/22/cbo-long-term-budget-report-our-dire-fiscal-situation/

In the very first sentence of the article is the actual CBO report "2011 Long-Term Budget Outlook". You can click it on and the actual CBO report can be read in pdf format.
Minden NV
 
 
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TOPIC: The Economy and Jobs