Thursday the unemployment figures were reported to be as high as they have been in the last 26 years. Obama’s opposition pounced:
I remember 26 years ago. Third year into Reagan’s presidency. High unemployment, low wages and double-digit interest rates. Ah, good times… Back then the recession was created by the Fed raising rates to rid ourselves of the crippling stagflation that had gripped the nation. When that worked (inflation rates dropped from 13.5% in 1981 to 3.2% in 1983) deficit spending by the Reagan administration worked us out of the recession, along with a measured and gradual reduction in interest rates. Unemployment dropped, albeit gradually.
Elephants are suppose to have good memories, but the GOP seems to forget how Reagan’s deficit spending helped get unemployment down to reasonable numbers 25 years ago.
Epilog: The failure of Reagonomics resulted from the fiscal policy that was imposed after the recovery, but that’s a topic for a different day.
59 Comments
July 5, 2009 at 4:20 am
Good morning to all BCers. I hope you had a wonderful Fourth.
DND: Thous Shalt Not Speaketh of the Gipper’s Foibles. I am glad you posted that. I remember his antics rather well, and yes, memories are short.
More Palin Speculation
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/04/AR2009070402761.html?hpid=topnews
July 5, 2009 at 4:28 am
US Troops deal with Afghan-Pakistani hassles
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/04/AR2009070402556.html?hpid=topnews
July 5, 2009 at 7:06 am
I’ts called “selective memory,” an unfortunately malady which strikes right wingers regularly, obviously…it’s kinda like when your kids have “selective hearing”
July 5, 2009 at 8:31 am
Zelaya is to return to Honduras today. His supporters are gathering in the capital…
http://www.google.com/hostednews/afp/article/ALeqM5itGnME5j2kg5Ra_yBgIEkLhLstgQ
July 5, 2009 at 10:00 am
The Washington Post article is full of spin. All those things could be true also but so could the ethics violations regarding the sports complex and the Palin house. Sometime in the next year or so, I would love to see a purp walk with the both of them.
July 5, 2009 at 10:10 am
Trout,
She just keeps dodging all the stuff that is thrown at her. I believe she is totally corrupt. The press conference Friday was pure pap.
We are getting some really good rain here in North GA, and we need it.
July 5, 2009 at 10:15 am
Morning peeps
July 5, 2009 at 10:31 am
Hello Brian. Hope all is well your way
July 5, 2009 at 10:33 am
too soon to tell, still on my first cup of joe. Hows by you steve?
July 5, 2009 at 10:43 am
Been up since 4, headed for early lunch and then a nap. Bird and I are watching “Dance Your Ass Off” on Oxygen, reading and both of us are sad about the death of Steve McNair…a lazy Sunday
July 5, 2009 at 10:49 am
hey till the other day I had no idea who McNair was
July 5, 2009 at 10:54 am
Pioneer African-American QuarterBack from a small town in Mississippi (where we come from). He was killed in a murder-suicide in Nashville early Saturday morning. I saw him play in person and on the tube many many times.
July 5, 2009 at 10:54 am
He did a lot of post-Katrina relief work down on the coast.
July 5, 2009 at 10:55 am
http://www.tennessean.com/article/20090704/SPORTS01/90704013
July 5, 2009 at 11:01 am
Nap time. I will be back to “check the oven” in a couple of hours to see what you guys cook up.
July 5, 2009 at 11:34 am
If it’s Sunday, it’s my favorite curmudgeon Ed Quillen. This week on the Declaration of Independence:
“One must grant that this particular committee — Benjamin Franklin, Robert R. Livingston, Roger Sherman, John Adams and Thomas Jefferson — boasted an abundance of intellectual horsepower. It was Jefferson who wrote the Declaration, with the rest of the committee proposing a few changes before it was submitted to the Continental Congress in Philadelphia, which made more changes.
One might wonder how the Declaration would fare if it fell into the hands of a modern committee: ”
http://www.denverpost.com/quillen/ci_12744940
July 5, 2009 at 11:37 am
Ok my caffeine and nicotine levels have been restored to normal. Good piece dnd.
July 5, 2009 at 11:38 am
I was really shocked to hear about McNair. Sad story.
July 5, 2009 at 11:41 am
funny how people feel sorry for McNair but no one seems to be sad about the woman he killed before he offed himself.
July 5, 2009 at 11:44 am
Caribou Barbie is the gift that keeps on giving.
MoDo:
http://www.nytimes.com/2009/07/05/opinion/05dowd.html?_r=1&ref=opinion
Mike Littwin:
http://www.denverpost.com/littwin/ci_12755558?source=rsshomecol
July 5, 2009 at 12:41 pm
Ah, apparently the chick killed him and then she killed herself. Interesting.
July 5, 2009 at 12:44 pm
awake…
take it easy, Brian, I’m just sad, period. Of course, I feel sorry for the girl. Its obvious there was something horribly wrong…
July 5, 2009 at 12:53 pm
I thought the police believed that SHE killed McNair then herself not that he killed her especially since he was shot SEVERAL times and she was only shot once in the head and the gun was found near her. Either way the event is still shocking.
July 5, 2009 at 12:54 pm
I always take it easy steve.
July 5, 2009 at 12:55 pm
Yes, she shot him several times and then killed herself.
July 5, 2009 at 12:55 pm
Hello Constance, welcome aboard
July 5, 2009 at 12:56 pm
Hello, hello all and thanks for the welcome. Happy end of the 4th week end!
July 5, 2009 at 12:57 pm
tell us about a little about yourself Constance, and how you found us.
July 5, 2009 at 12:57 pm
A friend of mine linked it to me and I’ve been reading it for the last few days now…
July 5, 2009 at 12:58 pm
Thats why you are such a beautiful guy, Brian.
DND: Loved the Littwin column. Why does Palin remind me more of Spiro Agnew than Dan Quayle?
July 5, 2009 at 1:00 pm
Probably because Quayle was just an idiot and Agnew was a creep.
July 5, 2009 at 1:01 pm
Honduras closes airport to block Zelaya’s flight from landing
http://edition.cnn.com/2009/WORLD/americas/07/05/honduras.political.turmoil/
July 5, 2009 at 1:01 pm
Welcome Constance
July 5, 2009 at 1:06 pm
Agnew was also a crook (Quayle wasnt) though both used the old attack-the-media strategy.
July 5, 2009 at 1:32 pm
July 5, 2009 at 2:34 pm
Good catch, Brian
July 5, 2009 at 2:35 pm
I guess thats more proof of how fair and balanced they are at FOX.
July 5, 2009 at 2:47 pm
welcome Constance from Texas.
tb the poster formally known as doots
July 5, 2009 at 3:05 pm
Creatrix, do we need rain!
July 5, 2009 at 3:05 pm
We need it for the garden.
July 5, 2009 at 3:08 pm
I think Shep Smith and Chris Wallace are pretty fair. They repeatedly call propagandists miss-truths from Fox bloviators. Which means they’ll soon be looking for work at CNN.
July 5, 2009 at 3:11 pm
Constance,
Let me join everyone else in welcoming you.
And I agree, whatever the circumstance surrounding McNair, it’s shocking and tragic.
July 5, 2009 at 3:14 pm
http://news.yahoo.com/s/ap/20090705/ap_on_re_la_am_ca/lt_honduras_coup
Honduran Military scrambles to intercept deposed President Zelaya’s Plane, Several Latin American Presidents and UN Sec may be forced to land in El Salvador
July 5, 2009 at 3:15 pm
DND-
You are right about Shep. He’s a Mississippi boy I believe…but you are right, he doesnt have some lucidity here and there…
July 5, 2009 at 3:21 pm
Uh Let’s try that again
DND-
You are right about Shep. He does have some lucidity here and there…
July 5, 2009 at 3:30 pm
Good afternoon, all. I hope everyone had a great 4th of July. Hubby and I celebrated our 24th anniversary with dinner and a movie. We were going to go watch the fireworks but they got rained out. Oh well. Maybe next year…
Welcome, Constance. It’s good to have some new blood on the blog.
Like Brian, I had never heard of McNair until yesterday. But I’m sorry that he died such a tragic and untimely death. I feel badly for the young woman, as well. She obviously needed some intensive mental health treatment.
Good post, dnd. The right wingers seem to have some memory problems. I’m glad you pointed that out; let’s hope the MSM will follow your lead.
Steve, you want rain? Come visit me. We get nothing but rain! My pool is about to overflow. Hubby was saying this morning that he may need to lower the water level if this miserable weather doesn’t let up soon.
Brian, did you catch the fireworks last night? I watched them on TV and was so homesick for the city.
July 5, 2009 at 4:08 pm
Happy anniversary Nanny! 24 years is quite an achievement.
July 5, 2009 at 4:10 pm
Sure is an achievement for Paul.
*runs and hides*
July 5, 2009 at 4:15 pm
Low Budget, Brian.
July 5, 2009 at 4:16 pm
well duh!
July 5, 2009 at 4:25 pm
Zelaya’s Venezuelan jet is headed for Honduras, but Latin American Presidents have backed out of the escort. Only Un official Miguel D’Escoto is with him. I believe the jet will be forecd to land in El Salvador.
We will know something in a few more hours…
http://www.google.com/hostednews/ap/article/ALeqM5jAkMGKIUDg_ngUiZboxQbYj5_DPwD998G7VO0
July 5, 2009 at 6:36 pm
More anti-Palin opinion
http://voices.kansascity.com/node/5035
This one features her own poorly written internet post (you should at least read that part).
July 5, 2009 at 6:38 pm
Coup Govt in Honduras asks for talks with OAS, Nicaragua moves troops to border
http://www.reuters.com/article/newsMaps/idUSTRE56427G20090705
July 5, 2009 at 6:40 pm
Zelaya’s plane diverted to El Salvador
http://online.wsj.com/article/SB124676841557395603.html?mod=rss_com_mostcommentart
July 5, 2009 at 6:40 pm
CNN has live video right now steve.
July 5, 2009 at 8:31 pm
Brian, Can you get a link for me and either post here or send it via e-mail or facebook? Bird has the tv right now….
July 6, 2009 at 6:01 am
You should rename this thread to “Unemployment and Selective Historical Recall ”
McNair was a excellent human being and a warrior QB,I’d take him on my team any day.
Who gives a fuck about Palin, she’s just a distraction,like Honduras.
July 6, 2009 at 8:20 am
Good morning!
AI, as a group, we BC’ers are political junkies. Thus, Palin’s shenanigans are interesting to us. Individually, we each have particular issues that are of primary interest to us. We keep each other informed, trade links to interesting articles, and generally just bat around our ideas. We don’t consider any topic off limits. And, I think we are fortunate to have two historians in our midst. It’s worked well for us for over a year now.
July 6, 2009 at 8:50 am
Robert McNamara,former Defense Sec’t under John Kennedy has passed away.
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