re: "From a high of 10.8% in December 1982, unemployment gradually improved until it fell to 7.2% on Election Day in 1984."
I'm glad you caught that. It takes well over a year for economic policies (healthy or unhealthy) to fully manifest themselves. Like Obummer, Reagan inherited a terrible economic situation. Unlike Obummer, he implemented the right policies and stuck with them despite a cacaphony of liberal criticism. Things improved and U.S. growth skyrocketed (above 6 percent annual GDP growth. Incredible.)
The reason I am so certain that Obummer will be a single term President is two-fold. First, it is all-but TOO LATE to implement healthy economic policies. Since nothing has been done to fix the economy to date, the economy can only worsen in the coming 14 months.
Second, liberals don't know how to fix a broken economy. They can run with one that's already fixed. They can break a healthy one. But they have no idea how to fix a broken one.
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