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Year in Review: The Political Highs and Lows of 2012

jeanettefarah Wrote: Dec 31, 2012 7:05 PM
3. Unemployment soared after Ronald Reagan's 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagan disproportionately taxed the poor and middle class, but the economic growth of the 1980's did little help them. "Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled," the New York Times' David Leonhardt noted.

Suddenly, 2013 is upon us.  New year, similar issues, familiar players.  But before we set our sights on the battles and controversies to come, let's cast our gaze backwards to the year that was.  2012 promised to be a politically consequential year, and it lived up to its billing, albeit with generally disappointing outcomes from a conservative perspective.  The following is my personal take on the most significant political peaks and valleys from the past calendar year.  Let's begin with the good stuff:

(3) Mitt Romney selects Paul Ryan as his running mate. Many conservatives viewed Mitt Romney's presidential...

Wednesday, June 19 | 02:45 PM ET
Wednesday, June 19 | 02:45 PM ET
Wednesday, June 19 | 02:45 PM ET
Wednesday, June 19 | 02:45 PM ET