- Aug 10, 2009
- 168,037
- 16,519
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- Banned
- #941
Obama has had harder sledding than Reagan because has inherited a far worse situation than did RR.
what are you smoking?
Reagan had to deal with a 17% fed funds rate, which Volcker implemented to wipe out Carter's inflation, he was pulling money out of the economy like there was no tomorrow, meanwhile Obama's had a 0.25 fed funds rate - Bernanke's been minting money by the truckloads
See above. Stay in context.