"In the last 19 months, the jobless rate has fallen farther and faster then any recovery in the last 30 years," Reagan said. "We've seen the creation of 6 1/2 million new jobs. The United States has created, on average, more jobs each month than all the Common Market [European Union] countries combined in the last 10 years. The Europeans are calling our success the American miracle."
"A case in point is the automobile industry," the Gipper continued. "Unemployment peaked at 28 percent in 1980. By this July, auto industry unemployment was down to 6.1 percent, and there were 153,000 more people at work in auto industry jobs than 4 years ago."
President Obama, a Big Labor lapdog, can't boast such success after five years in the White House.