The national unemployment rate is currently 6.1%. When Bush came into office it was 4.0%
Looking at this chart of unemployment, which ranges from 1950 to 2005, there seems to be a pretty clear correspondence between republican administrations and increases in unemployment. The blue parts are democratic administrations. With the exception of the Reagan administration, all Republican administrations trend sharply upwards.
With a little under three months to go, and teetering on the brink of economic disaster, you have to wonder what this chart will look like in January.
I found this image on the Wikipedia page for Unemployment.
Thursday, October 02, 2008
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