President Bush and the Economy
The Feldsteins fail to point out that the highest unemployment rates since World War II, according to the Bureau of Labor Statistics, occurred under Ronald Reagan in 1982-83 (9.7% and 9.6% and Gerald Ford in 1975-76 (8.5% and 7.7%). The highest unemployment under Jimmy Carter was in 1980 (7.1%), compared to a high of 7.7% under George Bush.
LYNN BAILEY
Placentia
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
