Detailed text transcripts for TV channel - CNN - 20110510:14:45:00
According to some, in a word, no. economists say nine months after hoover shared the wealth, the economy began a powerful recovery, real gnp growth averaged 10% over the next four years and the jobless rate plunged to 14%. yeah, there were a number of economic factors at play, but score one for tax hikers. ♪ working 9:00 to 5:00 >> 1981, dolly parton was a working girl. as the economy worked its way up from a recession, ronald reagan cut the top tax rate from 70% to 50%. eventually, all the way down to 28%. unemployment dropped from a high of 108% in 19ee. >> mark zandi told us that the
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