# Cap and Trade **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [July 1, 2009, 4:37am UTC](https://forums.speedlife.net/t/cap-and-trade/203084 "2009-07-01T04:37:37Z")\ **Posts on this page:** 1\ **Showing post:** 58
**Author:** ![Blackbelt](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blackbelt/32/5998_2.png) [@Blackbelt](https://forums.speedlife.net/u/Blackbelt)\ **Post date:** [July 8, 2009, 6:02am UTC](https://forums.speedlife.net/t/cap-and-trade/203084/58 "2009-07-08T06:02:38Z")
> [@TW HD Packages?](https://forums.speedlife.net/t/tw-hd-packages/40531/28): > > I shouldn’t have used the term “skyrocketed” because that implies a drastic increase quickly. However, the highest unemployment rate in the post World War II era was 10.8% and that occurred a couple of years into the Reagan term of office. > Yes, Carter was an idiot, but so was Bush2. We only blame the previous Pres when it suits us. That happens with both parties. > The difference with Carter is that the economy started to improve as his term ended, IMHO in spite of him, not because of him. This is counting GDP as well us unemployment and other economic factors. > So, it can’t all be blamed on the nimwit peanut farmer out of Georgia. Unemployment was on the increase during the end of the carter term, and continued into the Reagan administration. The numbers are right on the bureau of labor statistics site. The 10.8% figure for November and December 1982 is correct. However, the 1.9% increase between Jan-june of this year is the highest rate of climb since 1948. It is widely acknowledged that the early 80’s recession was sparked by the Iranian revolution in 1979 and the 79 energy crisis. Carters mishandling of the Iranian hostage crisis only made things worse. Not sure why you mention Bush2, but unemployment during his administration was actually pretty low. --- _[View the full topic](https://forums.speedlife.net/t/cap-and-trade/203084)._