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Unemployment Hits 10.8%, Presidential Approval Drops to 35%
by dasheight
Sat Feb 27, 2010 at 12:37:16 PM PST
Yeah.
It's 1983.
And the president is Ronald Reagan.
Reagan came into office with initial job approval ratings as high as 60% by mid-March 1981. On March 30, Reagan was shot by John Hinckley and the resulting concern and sympathy lifted his ratings to 68% by May.
But even as Reagan recovered from his wounds, the public's concerns about the bad economy didn't, and his ratings began to fall as each month went by.
By the end of 1981, Reagan's job approval rating had drifted down to 49%.
In 1982, the public's view of the economy remained sour, and his ratings during 1982 fell even further, hitting the 40% range, ending his second year at 41%. In the '82 midterm elections, the Republicans lost 28 seats in the House. The cause? The economy and the voter's anger over it.
The unemployment rate in Reagan's second year - a full year after his tax cuts for the top 1% - rose to a post WW2 high of 10.8%. According to Gallup, only one third approved of the way he was handling the economy, with the deficit exploding due to his tax cuts benefiting the wealthy.
At the beginning of '83, his approval rating fell to a low of 35%.
http://www.dailykos.com/storyonly/20...al-Drops-to-35
Unemployment Hits 10.8%, Presidential Approval Drops to 35%
by dasheight
Sat Feb 27, 2010 at 12:37:16 PM PST
Yeah.
It's 1983.
And the president is Ronald Reagan.
Reagan came into office with initial job approval ratings as high as 60% by mid-March 1981. On March 30, Reagan was shot by John Hinckley and the resulting concern and sympathy lifted his ratings to 68% by May.
But even as Reagan recovered from his wounds, the public's concerns about the bad economy didn't, and his ratings began to fall as each month went by.
By the end of 1981, Reagan's job approval rating had drifted down to 49%.
In 1982, the public's view of the economy remained sour, and his ratings during 1982 fell even further, hitting the 40% range, ending his second year at 41%. In the '82 midterm elections, the Republicans lost 28 seats in the House. The cause? The economy and the voter's anger over it.
The unemployment rate in Reagan's second year - a full year after his tax cuts for the top 1% - rose to a post WW2 high of 10.8%. According to Gallup, only one third approved of the way he was handling the economy, with the deficit exploding due to his tax cuts benefiting the wealthy.
At the beginning of '83, his approval rating fell to a low of 35%.
http://www.dailykos.com/storyonly/20...al-Drops-to-35