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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (457520)	2/18/2009 3:58:25 PM
From: Road Walker	3 Recommendations Read Replies (4) \| Respond to of 1575556

Nope....dope. Unemployment is forecasted to peak at 8.6 % during Obama's first four years....as the recession Reagan inherited peaked at 10.8 %. Don't try to slime your way out of it... you said: "The recession Reagan inherited was worse.... Unemployment was almost 11%..." Reagan inherited a 7.5% unemployment rate when he took office in Jan '81. Fact. I suppose the other is some right wing mythology.

To: jlallen who wrote (457520)	2/18/2009 4:34:53 PM
From: tejek	Read Replies (2) \| Respond to of 1575556

>>>Unemployment is forecasted to peak at 8.6 % during Obama's first four years....as the recession Reagan inherited peaked at 10.8 %.<<< "In the wake of the 1973 oil crisis and the 1979 energy crisis, stagflation began to afflict the economy of the United States. Unemployment had risen from 5.1% in January 1974 to a high of 9.0% in May 1975. Although it had gradually declined to 5.6% by May 1979, unemployment began rising again thereafter. It jumped sharply to 6.9% in April 1980 and to 7.5% in May 1980. A mild recession from January to July 1980 kept unemployment high, but despite economic recovery unemployment remained at historically high levels (about 7.5%) through the end of 1981." en.wikipedia.org