Unemployment hits 10.8%, Presidential Approval Drops to 35%

Quote:

Originally Posted by Havakasha

Oh man that was Ronald Reagan in 1983.
Remember unemployment started at 7.4% in his first term and went to 10.8%
He promised in 1981 that unemployment would drop to 6.9% after he cut taxes for the top !% of the population. It went up to 10.8%
ITS ALWAYS GOOD TO KNOW YOUR HISTORY SO YOU CAN KEEP THINGS IN PERSPECTIVE.

Remember also Obama came into office with the country almost spiraling into the 2nd greatest Depression in this country's history. Courtesy of Bush/Cheney.

http://www.dailykos.com/storyonly/20...proval-Drops-t

For months not years like this time dumbass (that is exactly what economist are saying will happen)

Yes it is but once again it does not take years it takes months you like to bring Bush up well he had a recession with a 1.2 to 1.5 trillion hit to the economy right after the recession started and boy Bush had THE shortest shallowest recession in history. It took only a few months for employment to turn around.

Thats because the subprime mortgages collapsed the banking system which the democrats including Obama could have stopped but instead voted against almost every republican to regulate Fanny and Freddy. Hummm not much changed in two years except the crisis got worse (2 trillion worse) when Obama voted for almost the very same bill he voted against 2 years earlyer.