In response to:

Forward: Unemployment Jumps Up to 7.9 Percent

Ronald Reagan Fan Wrote: Feb 01, 2013 11:04 AM
Reagan erased the Carter economy which was far worse than what Obama inherited. Reagan did it with the Democrats controlling both houses. Reagan was a real honest to God leader. Obama is a God hating, Jesus hating liberal.
rgama Wrote: Feb 01, 2013 11:07 AM
And he did it by raising taxes and increasing both government spending AND the deficit.

NOT with austerity measures!
americathebeautiful Wrote: Feb 01, 2013 11:13 AM
You are so demonically STUPID grrrrgama:
Over the course of his two terms in office, Reagan presided over several changes to the tax code. What is important to remember — what is vital to understand — is that not all taxes are created equal.

When Democrats or media embrace Reagan for “raising taxes X number of times,” they are usually engaging in willful obfuscation. This is because they know that when most people hear the words, “tax hike,” they naturally assume you mean raising income taxes. But tax rates (both nominal and effective) dropped dramatically Inflation-adjusted-brackets">across-the-board during Reagan’s tenure.

Read more:
americathebeautiful Wrote: Feb 01, 2013 11:13 AM
Not only did the top individual income tax rate go from 70 to 28 percent! — but the tax code was also indexed for inflation (this is a big deal, because inflation had heretofore pushed people into higher tax brackets — a double whammy.)

Read more:
americathebeautiful Wrote: Feb 01, 2013 11:14 AM
So, for those who care about the truth, here are some details. One of the tax increases Reagan signed (the Highway Revenue Act of 1982) was a temporary increase in the federal gas tax from 4 to 9 cents. (This could be thought of as a sort of “user fee,” inasmuch as the revenue generally went to roads and infrastructure.) Another was a cigarette tax (Consolidated Omnibus Budget Reconciliation Act of 1985.) These are real tax increases, but should not be confused with the income tax.

Read more:

The Bureau of Labor Statistics has released the latest unemployment numbers for January. The unemployment rate has jumped back up to 7.9 percent with just 157,000 jobs being added to the economy. The number of unemployed and under-employed persons still sits at an alarming number.

The number of unemployed persons, at 12.3 million, was little changed in January. The
unemployment rate was 7.9 percent and has been at or near that level since September 2012.

In January, the number of long-term unemployed (those jobless for 27 weeks or more) was
about unchanged...

Related Tags: Unemployment GDP jobless rate