Ronald Reagan on Franklin Roosevelt: The Significance of Style<quoted text>
Reagan also maintained a 7%+ unemployment rate for 6 of his 8 years as president;
"A Poor Report Card-When Reagan entered office, the unemployment rate was around 7%. Together
with the Federal Reserve's tight monetary policy, he instigated a deep recession in order to bring down
inflation, which averaged around 10% in 1981. The result was that in December 1982, the
unemployment rate hit 10.7%, the highest rate since the Depression. Although unemployment has
declined since then, it is now only between 7% and 7.5%-about the same as when he first took office,
and the recovery seems to be coming to an end. During Reagan's entire administration, the unemployment
rate has been higher than when he took office. His claims that he has reduced unemployment are
true only because economic policies under his administration caused unemployment rates to climb so
high. In fact, he has only reduced the unemployment that he caused in the first place. One might call it
"tight shoe economics," where we praise the person who removes our tight shoes, while forgetting he
caused our initial misery by putting them on us."
"10 Things Conservatives Don’t Want You To Know About Ronald Reagan"
Reagan was a POS and a blemish to American economic policy.
K. Alan Snyder - 08/20/08
Reagan was a New Deal Democrat. He joked that he had probably become a Democrat by birth, given that his father, Jack, was so devoted to the Democratic Party. The younger Reagan cast his first presidential vote in 1932 for Franklin Roosevelt, and did so again in the succeeding three presidential contests. His faith in FDR remained undimmed even after World War II, when he called himself “a New Dealer to the core.” He summarized his views in this way:“I thought government could solve all our postwar problems just as it had ended the Depression and won the war. I didn’t trust big business. I thought government, not private companies, should own our big public utilities; if there wasn’t enough housing to shelter the American people, I thought government should build it; if we needed better medical care, the answer was socialized medicine.” When his brother, Moon, became a Republican and argued with his sibling, the younger Reagan concluded “he was just spouting Republican propaganda.”