AT&T Cutting 12,000 Jobs > And in a year they'll be wishing they hadn't

said by jc100:

Actually, Regan ran things in 1982. Wikipedia isn't a source. Regan took office in 1982 and if you so look at bls.gov, it goes to show that Reganomics were a failure, and all years under Regan saw MASSIVE unemployment.

January 20, 1977 – January 20, 1981 - Carter's term
January 20, 1981 – January 20, 1989 - Regan's term

Now go here and type in the years 1970-1989

»data.bls.gov/PDQ/servlet/SurveyOutputServlet

Now only will you see Carter inherited similar numbers when he took office, but they began to fall significantly during his administration. Towards the end, numbers resettled back at pre Carter figures. However, it wasn't until the second and third year of Regan Administration late 1982 / 1983 we saw double digits. Reganomics sucked. Star wars, and his whole plan was a failure. Carter is not to blame for this one.