President Bush and the Economy
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The Feldsteins fail to point out that the highest unemployment rates since World War II, according to the Bureau of Labor Statistics, occurred under Ronald Reagan in 1982-83 (9.7% and 9.6% and Gerald Ford in 1975-76 (8.5% and 7.7%). The highest unemployment under Jimmy Carter was in 1980 (7.1%), compared to a high of 7.7% under George Bush.
LYNN BAILEY
Placentia
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