Quote:
Originally Posted by Venice Spartan
Correct. Obama inherited the deepest recession in 60 years, what Reagan inherited was nirvana in comparison and still the R Jackals don't get it
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Ummmm.... Yeah. Let's see. Carter bequeathed Reagan stagflation. High unemployment, high inflation, and interest rates near 20%.
Plus Reagan did not have same party control of the house, unlike Obama.
Reagan also had to deal with dismantling a more regulated infrastructure. Today, there is wider information dissemination and the advent of increased electronic financial transactions, make for an easier time to implement policy. Obama has in essence a nicely paved 6 lane interstate to get his simulus going. Back in the early 80s, Reagan had a two lane dirt road by comparison.
But hey. Nice try. Thanks for playing. Be sure to pick up your parting gifts. The home version of "Economics for Dummies" and a case of Turtle Wax.