Saigon
Gold Member
Meister -
The global eonomic problems Reagan faced were undeniably tough (I remember those years myself), but they can hardly be compared with the challenges we all faced in August 2008.
At no stage did Reagan face the potential meltdown of the entire global credid system, or collapses like we saw at GM, AIG, Lehman Brothers or Bear-Stern. To find a comparison for that we'd have to go back to 1932.
The economy 'flourished' under Reagan, and your level of debt rose 190%.
Your home economy can also flourish if you go out and buy a new home, car, TV and a new wardrobe and whack the whole thing on credit cards.
The global eonomic problems Reagan faced were undeniably tough (I remember those years myself), but they can hardly be compared with the challenges we all faced in August 2008.
At no stage did Reagan face the potential meltdown of the entire global credid system, or collapses like we saw at GM, AIG, Lehman Brothers or Bear-Stern. To find a comparison for that we'd have to go back to 1932.
The economy 'flourished' under Reagan, and your level of debt rose 190%.
Your home economy can also flourish if you go out and buy a new home, car, TV and a new wardrobe and whack the whole thing on credit cards.