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Unformatted text preview: reduction for all tax payers. The impact of Reagans supply side economics was mixed; by 1982 a recession had pushed unemployment above 10 %. By the following year was a new beginning of an economic expansion that lasted throughout his presidency; all due to increased federal spending, and lowered interest rates with the added falling energy cost that improved productivity. By the end of his term as president he has created more than 14.5 million jobs for the American people....
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- Spring '10