Attacking President Obama for not doing enough to lower the country's unemployment rate, Fox News' Greg Jarrett and Brenda Buttner insisted on Sunday that when faced with a similar type of economic crisis in his first term, Ronald Reagan turned around the country's job rate in just four years.
This false comparison has become a favorite Fox talking point.
BUTTNER: And Ronald Reagan in fact did in four years, took the unemployment rate way down. Bill Clinton said [at the DNC] nobody could do it in four years and he did.
JARRETT: Reagan did it. 10.8 percent down to 7 percent within four years, down to 5 percent thereafter.
Why can't Obama be more like Reagan, the Fox talkers asked. Why can't Obama deflate the unemployment rate the way Reagan did during his first term?
But look at the numbers from the U.S. Department of Labor. During Reagan's first full month in office, February 1981, the unemployment rate stood at 7.4 percent. It then rose steadily and peaked at 10.8 percent in November 1982, before falling to 7.5 percent in August 1984, as he campaigned for re-election. (Jarrett's mention of "five percent" was in reference to unemployment at the very end of Reagan's second term.)
Obama? During his first full month in office, February 2009, unemployment stood at 8.3 percent, it peaked at 10 percent in October 2009, and currently stands at 8.1 percent.
Note that unemployment right now is nearly identical to when Obama began his first term. And at this point in his presidency, the unemployment rate under Reagan was nearly identical to when he began his first term. So why is Fox pretending Reagan slayed unemployment in his first term when his record is nearly identical to Obama's?
In fact, left unmentioned on Fox yesterday was the fact that in the months prior to Reagan's first term, unemployment in America had been decreasing.
Fox has attacked the economic recovery under President Obama by claiming that if Obama just adopted the policies of former President Ronald Reagan, there would be a stronger recovery. But as economists have pointed out, the Reagan recession ended not because of Reagan's fiscal policies but because the Federal Reserve drastically cut interest rates. Because interest rates are already at zero, such a rate cut is not a possible option now.
In their frenzy to take down Attorney General Eric Holder, right wing media pundits have started comparing the brewing Fast and Furious scandal, in which a failed ATF operation allowed guns to "walk" to Mexico in order to track their delivery into the hands of drug cartels, to Ronald Reagan's Iran-Contra scandal in the 1980s.
Naturally, the conservatives making this comparison believe Fast and Furious is much worse than Reagan's scandal, in which the Republican hero trafficked arms into the hands of a tyrannical Iranian government, negotiated with Hezbollah terrorists and funneled money and military equipment into the hands of violent revolutionaries in America's own backyard.
Specifically, Fox News hosts are pushing the unlikely argument that Fast and Furious is worse than Iran-Contra because, as they put it, "nobody died" as a result of the latter scandal. The assertion -- that the Reagan administration's felonious dealings with terrorists and terror-sponsoring nations didn't lead to a single casualty -- is absurd to anyone with even the most elementary understanding of what Iran-Contra was or to anyone with access to the internet.
Partisans are insisting the president doesn't deserve a break and that it sends an awful message to the nation for him to take ten days off.
Context, though, is sometimes helpful in terms of highlighting how silly the cries of protest from the far-right media really are. For instance, at the same juncture of his first term, Ronald Reagan, like Obama, was battling a bad economy. Unemployment stood at 9.5%. Reagan's response his third August in office? He set off for a nearly month-long vacation.
Not only did Reagan go on a secluded, 25-day California retreat, but his top aides reportedly stopped relaying news events to him so as to not disturb the president's sojourn.
From the Washington Post, Aug. 22, 1983 [emphasis added]:
As President Reagan relaxes on his mountaintop ranch northwest of Santa Barbara, tucked away from the workaday cares of Washington, his top advisers have decided to put an end to what one of them calls "unnecessary news stories."
The negative news coverage that the president abhors was a topic of discussion at a White House breakfast the day before Reagan left on his present 25-day trip, the 17th stopover at his ranch since his election.
The Washington Times is celebrating Ronald Reagan's 100th birthday by advancing the falsehood that Reagan ended the 1981 recession by cutting taxes and making misleading claims about Reagan's record on taxes and spending.