Detailed text transcripts for TV channel - MSNBC - 20120709:10:39:00
Unemployment came earlier, 10%. reagan had higher unemployment in his peak, up to 10.8%, almost exactly in the middle of his term. but what then happened is reagan, unemployment under reagan dropped much more quickly than under president obama and so by this point in reagan's election -- first term, he was down to 7.2% unemployment, we are, of course, at 8.2% unemployment, reagan was at 7.4 at the time of the election. the point is that the trend here, i think, plays a big role in it. one thing people to remember, is everybody says, no one since fdr has been re-elected with this unemployment. ...