edthecynic
Censored for Cynicism
- Oct 20, 2008
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I'm not forgetting anything, the posted brought up UE so I replied to UE.That's what it was called when St Ronnie gave us 10 consecutive months of double digit UE in 1982 and 1983, peaking at 10.8% more than a year after his 1981 "job creating" tax cut.increased umemployment and no economic activity is an improvement?
You are of course forgetting to add that we were coming off of 10% inflation and 12% interest rates. Obama inherited close to zero inflation and close to zero interest rates.
You did forget that, right? It wasn't that you intentionally left it out because of hackery.
In your case, YOU are forgetting that the inflation was due to FED chairman Arthur Burns pumping up the money supply to get Nixon reelected and it was Carter's FED chairman Paul Volker who fixed it. Reagan inherited Volker.