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Nov. 18, 2012

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The BLS started keeping unemployment statistics in 1948. Since 1948, the unemployment rate has gone UP during every Republican administration except Reagan's two terms. It went down 0.2% in his first term and 1.9% in his second term.

By contrast, unemployment has gone DOWN under every completed Democratic administration except Carter's, where it was unchanged. We won't know the final results for President Obama's first term until early February, but it appears he will finish somewhere around Carter and Reagan's first term in terms of the change in the unemployment rate. The unemployment rate has been trending down since October 2009. At worst, Obama's record will be better than every Republican president not named Reagan.

The author is correct that Republicans need to rethink their economic policies. They don't have a good economic track record.

(Suggest removal) 11/18/12 at 4:33 p.m.

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