Obama's Record On Job Creation Is 157,143 Per Month Since 4/2010, - better than any Republican-

[mikekohr]

29. I Don't Give Reagan Any Slack For the Results of His Economic Policies

Cut from: A HISTORY OF RECESSION IN THE UNITED STATES 1950 TO 2008
Written by: mike kohr 2/12/2008



Recession of 1981-1982 Ronald Reagan(R) At the time, the most severe contraction of economy since the Great Depression, massive deficit spending/deregulation of markets, and tight fiscal policy in an effort to kill inflation were blamed for this downturn **

** “The Reagan Recession” which ran from July of 1981 thru November of 1982 is often categorized as starting under Carter’s watch during the 1st and 2nd quarters of 1980. By the end of the July of 1980 that mild downturn had ended. Starting in the 3rd quarter of 1980, 3 of the next 4 quarters produced increased GDP. Reagan’s tight fiscal policy and massive deficit spending contracted the economy again in late 1981, producing unemployment of 10.8% and prime interest rates that hovered between 15% and 21.5%

Read Full Article: http://bureaucountydems.blogspot.com/p/history-of-recessions.html