So Nancy claims.

But Jim Manzi does a pretty good job tearing that apart. Check it out at the corner at NRO.

Personally, I think this works to:

Notice that during and even after the Carter years Unemployment reached Depression-like levels (actually, not even close, but then again they are now 😉 )  But for more than half of the Reagan years Unemployment fell, and then of course we have the long boom of the nineties, which Clinton likes to take credit for.


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