Consumer prices spiked in April, growing at fastest pace in more than 12 years

[George II]

15. I'm glad you pointed that out. I've been "lecturing" about this for decades. As soon as Reagan....

....took over, after campaigning on "high inflation" he changed the way inflation was calculated. He took out interest rates and price of gasoline, the two biggest contributors to inflation. That instantly cut inflation, making him look like a hero.

Back then the "unemployment rate" was based in part, if not entirely, on the number of people receiving unemployment compensation. He reduced the number of weeks people could get unemployment compensation (forget the weeks, from 26-13 maybe?), which instantly cut "unemployment" by a huge amount.

In fact, nothing much changed at all in either regard, at least not as drastically.

I don't even want to get into the smoke and mirrors of his "tax cut". All I'll say is that the first year of his tax cut I was unemployed and I paid MORE in taxes than when I was working. AND, he made unemployment compensation taxable.

His economic and tax policies were a complete sham. I'm surprised someone as smart as Bill Bradley fell for it.