1970 4.9 1971 5.9 1972 5.6 1973 4.9 1974 5.6 1975 8.5 1976 7.7 1977 7.1 1978 6.1 1979 5.8 1980 7.1 1981 7.6 1982 9.1 1983 9.6 1984 7.5 1985 7.2 1986 7.0 1987 6.2 1988 5.5 1989 5.3 1990 5.6 1991 6.8 1992 7.5 1993 6.9 1994 6.1 1995 5.6 1996 5.4 1997 4.9 1998 4.5 1999 4.2 2000 4.0 2001 4.7 2002 5.8 2003 6.0 2004 5.5 2005 5.1 2006 4.6 2007 4.6 2008 5.8
Just wondering, does anybody see a 10%+ unemployment rate?
Rich responded to Mark C., that Bush only created a few thousand jobs during his first term. Actually, Bush did not create any jobs, the private sector does. However, 4, 4.7, 5.8, 6.0 look pretty good in retrospect given 9-11 and dot bust. Let's hope for some change.
1 comment:
Jimmy:
What is your source of those numbers? Reagan had a >10% unemployment rate, though perhaps not for the whole year (just like 2009). What is your source?
Government economic policy has a tremendous influence on job creation. Do you think otherwise? Well, then, what is your point? Your approach has been thoroughly discredited and now you want to complain as Obama cleans up your guys mess!?
Stop using 911 as an excuse for Bushes poor record. It is unseemly and in fact, is no excuse for his failed presidency. The policy responses to that awful day far exceed the damage done by Bin Laden & Co.
Clinton had the Asian financial crisis, as well as the Russian default and Mexican peso crisis. Remember Long Term Capital Management? Why don't we always hear about these crises? Because Clinton, Rubin & Summers prescribed extremely effective measures to contain each unique problem.
Does anyone think for a moment that Bush & O'Neal or Bush & Snow would have successfully handled any of these economic emergencies? Would Larry Lindsay have recommended the activist, Washington led, Keynesian, responses that were so successful? Of course not...
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