Off-Topic: Unemployment went up to 7.8% in 1980

Portsmouth Topics

(Portsmouth Specific)

0 messages

Updated

Off-Topic

Lakes Online Forum

83,625 messages

Updated 5/17/2024 10:13:59 AM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Portsmouth Fishing

(Portsmouth Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	MartiniMan -
	Subject:	Unemployment went up to 7.8% in 1980
	Date:	1/9/2013 10:04:21 AM (updated 1/9/2013 10:50:54 AM)

And Carter was still President until January and as we all know it was his policies that caused unemployment to go up. And you can see from below that the rise began in late 1979 which is just one of many very good reasons he lost his reelection bid. Here are the numbers from the BLS website for 1976-1980. I suppose you didn't read my post carefully as I pointed out that rates did indeed go down in the first three years of his presidency but went up at the end and he left Reagan with a heck of a recession.

Heck, using Oblamer's standards Nixon/Ford were responsible for the low unemployment in Carter's first and only term (thank God) and Carter was totally responsible for the entire recession that Reagan had to fix with tax reductions in his first term. Which is it Archie?!?!? Is Oblamer to blame for the unemployment numbers in his first term or was it Bush? You can't have it both ways.......but what am I saying, you are a liberal......of course you think you can have it both ways.

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
1976	7.9	7.7	7.6	7.7	7.4	7.6	7.8	7.8	7.6	7.7	7.8	7.8
1977	7.5	7.6	7.4	7.2	7.0	7.2	6.9	7.0	6.8	6.8	6.8	6.4
1978	6.4	6.3	6.3	6.1	6.0	5.9	6.2	5.9	6.0	5.8	5.9	6.0
1979	5.9	5.9	5.8	5.8	5.6	5.7	5.7	6.0	5.9	6.0	5.9	6.0
1980	6.3	6.3	6.3	6.9	7.5	7.6	7.8	7.7	7.5	7.5	7.5	7.2

But remember Archie, we also had pitiful GDP growth (especially in 1979 when the full effect of his failed policies took hold and it averaged less than 1.3%). And you can see the turnaround during the early part of Reagan's first term. Source: Trading Economics

Historical Data Chart

Carter left us with high interest rates that peaked during Reagan's first term and then dropped from there and inflation which went from less than 6% in 1976 up to 11% in 1979 and peaking at almost 14% in 1980. By the end of Reagan's first term inflation had dropped to 4.3%. Source: Inflationdata.com

1984	4.19 %	4.60 %	4.80 %	4.56 %	4.23 %	4.22 %	4.20 %	4.29 %	4.27 %	4.26 %	4.05 %	3.95 %	4.30 %
1983	3.71 %	3.49 %	3.60 %	3.90 %	3.55 %	2.58 %	2.46 %	2.56 %	2.86 %	2.85 %	3.27 %	3.79 %	3.22 %
1982	8.39 %	7.62 %	6.78 %	6.51 %	6.68 %	7.06 %	6.44 %	5.85 %	5.04 %	5.14 %	4.59 %	3.83 %	6.16 %
1981	11.83 %	11.41 %	10.49 %	10.00 %	9.78 %	9.55 %	10.76 %	10.80 %	10.95 %	10.14 %	9.59 %	8.92 %	10.35 %
1980	13.91 %	14.18 %	14.76 %	14.73 %	14.41 %	14.38 %	13.13 %	12.87 %	12.60 %	12.77 %	12.65 %	12.52 %	13.58 %
1979	9.28 %	9.86 %	10.09 %	10.49 %	10.85 %	10.89 %	11.26 %	11.82 %	12.18 %	12.07 %	12.61 %	13.29 %	11.22 %
1978	6.84 %	6.43 %	6.55 %	6.50 %	6.97 %	7.41 %	7.70 %	7.84 %	8.31 %	8.93 %	8.89 %	9.02 %	7.62 %
1977	5.22 %	5.91 %	6.44 %	6.95 %	6.73 %	6.87 %	6.83 %	6.62 %	6.60 %	6.39 %	6.72 %	6.70 %	6.50 %
1976	6.72 %	6.29 %	6.07 %	6.05 %	6.20 %	5.97 %	5.35 %	5.71 %	5.49 %	5.46 %	4.88 %	4.86 %	5.75 %

So as a result of Carter's first failed term he left us with an economic mess.....not to mention he also left us with an Islamofascist Iran that pretty soon will have nuclear weapons and when they do, they will use them against Israel either directly or through a cut-out like Hamas or Hezbollah.

So Archie, how about that whipping of a dead horse? Got to look at the whole picture Archie, not just cherry pick one number that you like.