General Discussion

ProSense

(116,464 posts)

1. Well,

Sun Dec 18, 2011, 10:23 PM

Dec 2011

"At the height of the Reagan recession unemployment reached 10.8. By June of 84 it was 7.2 and lower than Jan 81. Reagan went on to win in a landslide.

There is no evidence that the economy is going to see the drops in unemployment to match the 84 drops. My guess is that the rate in June of 12 will be, at the very best, 8 and more probably around the 8.5 it is now."

...given that the current economic crisis is the worst since the Great Depression and the unemployment rate is 8.6 percent, it may be "wishful thinking" to believe that it will be 8.5 percent 10 months from now.

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This was the month by month unemployment rate from nov 83 to nov 84 [View all] dsc Dec 2011 OP

Well, ProSense Dec 2011 #1

It could well be worse dsc Dec 2011 #2

That was back in the days when we still made stuff pscot Dec 2011 #3

The ProSense Dec 2011 #4

actually there was a bit of a jump for Mondale in July dsc Dec 2011 #5

That's ProSense Dec 2011 #6

He had a 15 point jump dsc Dec 2011 #7

OK ProSense Dec 2011 #8

The unemployment rate will probably edge back toward 9% before the election. tritsofme Dec 2011 #9

Well, ProSense Dec 2011 #10

The trend is actually flat Yo_Mama Dec 2011 #13

It ProSense Dec 2011 #14

I don't think that graph means what you say it means Yo_Mama Dec 2011 #17

Yeah - and there's hidden unemployment Yo_Mama Dec 2011 #11

If it's Romney, you're absolutely right. boxman15 Dec 2011 #12

Didn't Reagan borrow and spend his way out of that recession? JDPriestly Dec 2011 #15

that and he cut interest rates hugely dsc Dec 2011 #18

Obama needs to bash their faces in rhetorically coming out of the break. ellisonz Dec 2011 #16

I completely disagree with you. bluestate10 Dec 2011 #19