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Something's Not Working
The Economist ^ | 5/5/10

Posted on 05/05/2010 6:28:05 AM PDT by anniegetyourgun

IN THE summer of 1984, Ronald Reagan declared “morning in America”. Running for re-election after a tumultuous first term during which unemployment rose to a postwar record of 10.8%, the president needed a hopeful message to take to the American people. When Reagan’s television advertisement ran, nearly two years after the official end of recession, unemployment was still high, at about 7.5%. But the president could accurately claim: “Today more men and women will go to work than ever before in our country’s history.”

(Excerpt) Read more at economist.com ...


TOPICS: Business/Economy
KEYWORDS: economy; jobs
A must read.
1 posted on 05/05/2010 6:28:05 AM PDT by anniegetyourgun
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To: anniegetyourgun

Communism never works and we are infested with it.


2 posted on 05/05/2010 6:29:54 AM PDT by screaminsunshine (S)
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To: screaminsunshine

Seems this UK writer gets that...while the ruling class here doesn’t.


3 posted on 05/05/2010 6:34:12 AM PDT by anniegetyourgun
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To: anniegetyourgun

UK is further down the wrong road than we are.


4 posted on 05/05/2010 6:46:23 AM PDT by screaminsunshine (S)
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