Here are the facts: There was about 7.5 million new jobs created under Mr. Reagan over a like period in his term. The 12 million number is the amount added during Mr. Reagan's entire 8-year term. Additionally, when President Obama entered office, the unemployment rate was 7.9 percent. Now, it is 7.2 percent. When Mr. Reagan entered office, the unemployment rate was 7.5 percent, and as of November 1985, it dropped to 7.2 percent. These are statistics form the Bureau of Labor Statistics. Hardly an unfavorable comparison when the facts are applied. Mr. Morici is entitled to his own opinions, but not his own facts.