DrLove
Diamond Member
What happened in 2008 was bad, but largely due to the Dems in Congress ignoring repeated calls for GSO reform, it was not close to the worst however we have seen since the Great Depression, and easily would have worked itself out with modest help. The Dems however simply used the problem, and now Obama, to make the problem much worse, and use it as a massive power grab.More lies by you.LIAR!we were already in a recession. when reagan took office. His policies did however create the largest economic boom and fastest recovery in historyThat Great Reagan Recession went from July 1981 to November 1982, Thank you RR.we were in a recession in 1981...worst we have had since the great depression.
the Carter recession, the shortest in history, ended July 1980.
The ˝Great Reagan Recession, which YOU said was the worst since the Great Republican Depression, started July 1981.
The deepest and longest-lasting recession the United States has experienced since then began in 1980, when Jimmy Carter was president (the gross domestic product dropped 9.6 percent in the second quarter of that year) and did not end until fourth-quarter 1982, almost two years into the Reagan presidency. There were positive quarters during this almost three-year period, resulting in what is known as a double-dip recession, but GDP did not return to the 1979 level until well into 2003. Unemployment peaked at 10.6 percent in the fall of 1982.
The worst recession?
Is the current recession the worst since the Great Depression? Even though the president, many members of Congress and many journalists keep saying we are in the worst recession since the 1930s, it is an assertion that is premature, to say the least.www.washingtontimes.com
When their polices continued to make things worse, you started hearing their propagandist call it the "worst since the Great Depression" to try and excuse their failed policies.
What Reagan was handed was far far worse
This was a bi-partisan scandal. George W Bush was pushing home ownership at all costs.
Indeed, Bushie was the Father of “Liar’s Loans”.