ItsAlanisbitch wrote:
Olmec Donald wrote:Yeah right, Reagan was more of a fucking joke.
Y'all are way too impatient. It took Reagan more than a year to fix the mess that erupted under Carter, similarly it'll take Obama more than a year to fix the mess that erupted under Bush Jr. Give him another six months, then let's bring out the pitchforks.
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Hmm. I wonder what happened around 1980??
Anyone else notice that the graph did not level off from 1993 to 2000? In fact during those eight years it looks to have gone up as much as during Reagan's eight years. So, maybe the reason for the climb isn't who was president at the time but was instead laws that were passed by a Dem controlled congress.
Also when comparing Reagan's handling of the economy in the early 80s to what Obama is facing now, you need to remember that interest rates are low right now, mortgages under 6%, the prime is only 3.25%. Reagan was dealing with mortgage rates over 20% and a prime that hit a peak of 21%. Just try to imagine how much worse things would be right now if the interest rates were merely doubled, let alone what Reagan had to deal with.
















