Were Reagans first three years of high unemployment numbers mostly his fault or Carters?

Question

and does this parallel Obama's first yeah + in office?

Update:

actually Mr.Schitt, middle income family income taxes are at a 40 year low right now, sooooo.

Answer 1

Favorite Answer

carters and not quite...

But since were on the topic, what did reagan do to fix it? Cut taxes, whats obama doing? Raising them....

Sooo.... if you do the opposite of what is known to work, what sdort of outcome do you expect?

Uh huh... Income taxes... you DO of course realize how many other taxes you pay right? Wether directly or indirectly through increased cost...

And this is only SOME of em... Like property, Burough, City, state, cell phone, Sooooooo... heeres the next 100... and the list goes on.

Accounts Receivable Tax

2. Accounting and Tax Preparation fees (cost to taxpayers $300 billion)

3. Accumulated Earnings Tax

4. Accumulation Distribution of Trusts

5. Activity Fee (Dumping Permit Fee)

6. Air Tax (PA coin-operated vacuums)

7. Aircraft Jet Fuel Tax

8. Aircraft Excise Tax

9. Alcohol Fuels Tax

10. Alcoholic Beverage Tax

11. Alternative Minimum Tax – Amt

12. Ambulance Services (Air Ambulance Services, SD)

13. Ammunition Tax

14. Amusement Tax (MA, VA, MD)

15. Annual Custodial Fees (Ira Accounts)

16. Ballast Water Management Fee (Marine Invasive Species)

17. Biodiesel Fuel Tax

18. Blueberry Tax (Maine)

19. Bribe Taxes (Pay If You Dare)

20. Brothel licensing fees (NV – $35,000.00 per year per brothel)

21. Building Permit Tax

22. Capital Gains Tax

23. California Interstate User Diesel Fuel Tax

24. California Redemption Value (Can and Bottle Tax)

25. CDL License Tax

26. Charter Boat Captain License

27. Childhood Lead Poisoning Prevention Fee

28. Cigarette Tax

29. Cigarette Tax Stamp (Acts) (Distributors)

30. Compressed Natural Gas Tax

31. Commercial Activity Tax (OH – for Service Providers)

32. Corporate Income Tax

33. Court Fines (Indirect Taxes)

34. Disposable Diapers Tax (Wisconsin)

35. Disposal Fee (Any Landfill Dumping)

36. Dog License Tax

37. Electronic Waste Recycling Fee (E-Waste)

38. Emergency Telephone User Surcharge

39. Environmental Fee (CA – HazMat Fees)

40. Estate Tax (Death Tax, to be reinstated)

41. Excise Taxes

42. Facility Fee (CA – HazMat Fees)

43. FDIC tax (insurance premium on bank deposits)

44. Federal Income Tax

45. Federal Unemployment Tax (FUTA)

46. Fiduciary Income Tax (Estates and Trusts)

47. Fishing License Tax

48. Flush Tax (MD Tax For Producing Wastewater)

49. Food License Tax

50. Fountain Soda Drink Tax (Chicago – 9%)

51. Franchise Tax

52. Fresh Fruit (CA, if Purchased From A Vending Machine)

53. Fuel Permit Tax

54. Fur Clothing Tax (MN)

55. Garbage Tax

56. Gasoline Tax (44.75 Cents Per Gallon)

57. Generation-Skipping Transfer Tax

58. Generator Fee (Recycled Waste Fee)

59. Gift Tax

60. Gross Receipts Tax

61. Hamburger Tax (Ask Huckabee)

62. Hazardous Substances Fees: Generator, Facility, Disposal

63. Household Employment Taxes

64. Hunting License Tax

65. Illegal Drug Possession (No. Carolina)

66. Inheritance Tax

67. Insect Control Hazardous Materials License

68. Insurance Premium Tax

69. Intangible Tax (Leases Of Govt. Owned Real Property)

70. Integrated Waste Management Fee

71. Interstate User Diesel Fuel Tax

72. Inventory Tax

73. IRA Rollover Tax (a transfer of IRA money)

74. IRA Early Withdrawl Tax

75. IRS Interest Charges

76. IRS Penalties (Tax On Top Of Tax)

77. Jock Tax (income earned by athletes in some states)

78. Kerosene, Distillate, & Stove Oil Taxes

79. Kiddie Tax (Child’s Earned Interest Form 8615)

80. Lead Poisoning Prevention Fee (Occupational)

81. Lease Severance Tax

82. Liquid Natural Gas Tax

83. Liquid Petroleum Gas Tax

84. Liquor Tax

85. Litigation Tax (TN Imposes Varies With the Offense)

86. LLC/PLLC Registration Tax

87. Local Income Tax

88. Lodging Taxes

89. Lump-Sum Distributions

90. Luxury Taxes

91. Make-Up Tax (Ohio, applying in a salon is taxable)

92. Marriage License Tax

93. Meal Tax

94. Medicare Tax

95. Mello-Roos Taxes (Special Taxes and Assessments)

96. Minnow Dealers License (Retail – For One Shop)

97. Minnow Dealers License (Distributor – For One+ Shops)

98. Mobile Home Ad Valorem Taxes

99. Motor Fuel Tax (For Suppliers)

100. Music and Dramatic Performing Rights Tax

Source(s): http://www.norcalblogs.com/post_scripts/2010/01/ju...

Answer 2

Yes, but Reagan wasnt in the US Senate and Obama was. To pretend as if Obama didnt exist before being president is ludacris. Plus Unemployment declined every year after 83 and dropped all the way down to 5%. If Obama can achieve that than that will be great news.

Answer 3

I think there is more to it than simply putting the blame on Reagan or Carter.

When Reagan took office not only was the steel industry in the middle of its final collapse, but the world economy was going through a technology revolution that many ecnomists have likened to the industrial revolution. (computers) There were a lot of displaced workers that had to be trained/retrained to be able to participate in the new economy.

Answer 4

Carters. After Reagan's tax cuts came into effect in 1983, millions of new jobs were created.

Answer 5

Reagan cut the budget and put people out of work because the budget had gotten to big. He did that so the economy could backbuild. Have you seen Obama cut anything? Or go on a spending spree?

Answer 6

they were Carter's fault, just like a lot of the job losses were Bush's fault. However. Reagan didn't spent nearly $1 TRILLION to stimulate the economy in the fisrt 18 months.

Answer 7

It wasn't just high unemployment, it was high inflation, high mortgage interest rates (in the 20's) and very high taxes. Reagan fixed it by lowering taxes. When he lowered taxes, interest rates dropped and so did inflation. Then we had jobs, jobs, jobs for the next 15 years!

Answer 8

Carter was just practice for osama obama.

While at Camp David on the lake, I hope that the secret service protects osama obama from the Killer rabbit that attacked Carter.

Answer 9

Reagan had a pro-America agenda from the very beginning. The Iran hostages were released as soon as he took office. Visible POSITIVE changes started happening as soon as he became president.

Answer 10

CONGRESS!

The President can't do a bloody thing that renders the economy in one way or another without the help of congress.

Think about who operated the congress at that time...