Job Losses Match Reagan's 1983

As job losses mount, matching 25-year records from 1983, sure makes those Reagan memories a little more humbling. Ronnie pulled out of Lebanon inspiring Osama Bin Laden, raised taxes, set record deficits at the time, pretty much forgot what he was doing the last years of his Presidency ["I don't recall"], sold arms to Iran, funneled money illegally to the Contras, AND had record unemployment. We seldom remember all these details.

But boy, did his dyed black hair look good.

The good news is starting to come in, though.

Stocks rose yesterday for a fourth day as Fed Chairman Ben S. Bernanke said measures to unfreeze credit markets were working.

Source: Bloomberg