Another Day another Lie.......

[Willie99]

I posted nothing inaccurate. Reagan did inherit (rising) unemployment at around 7.5%, he did inherit double digit inflation. Volcker became the Fed chief in 79, and began raising interest rates to cut inflation. Interest rates peaked at around 20% in 1981. Everything I said was true. You're right about 10% + unemployment, but it wasn't Reagan that started the bad economy, it was Carter.

BTW, Reagan and Bush weren't my boys

LOL at the conversation

ask Punter why Carter was run out of town in his reelection bid while Ronnie won 49 states in his.

that might say something about peoples' lives

 

[Willie99]

Misery index - era by U.S president

<table class="wikitable" cellpadding="1" cellspacing="1"> <caption>Index = Unemployment rate + Inflation rate</caption> <tbody><tr> <th align="center">Rank</th> <th align="center">President</th> <th>Time Period</th> <th>Index Average</th> <th align="center">Low</th> <th align="center">High</th> </tr> <tr> <td align="center">5</td> <td>Harry Truman</td> <td align="center">1948–1952</td> <td align="center">7.88</td> <td>Dec 1952 = 3.45</td> <td>Jan 1948 = 13.63</td> </tr> <tr> <td align="center">1</td> <td>Dwight D. Eisenhower</td> <td align="center">1953–1960</td> <td align="center">6.26</td> <td>Jul 1953 = 2.97</td> <td>Apr 1958 = 10.98</td> </tr> <tr> <td align="center">3</td> <td>John F. Kennedy</td> <td align="center">1961–1962</td> <td align="center">7.14</td> <td>Jul 1962 = 6.40</td> <td>Jul 1961 = 8.38</td> </tr> <tr> <td align="center">2</td> <td>Lyndon B. Johnson</td> <td align="center">1963–1968</td> <td align="center">6.77</td> <td>Nov 1965 = 5.70</td> <td>Jul 1968 = 8.19</td> </tr> <tr> <td align="center">7</td> <td>Richard Nixon</td> <td align="center">1969–1973</td> <td align="center">10.57</td> <td>Jan 1968 = 7.80</td> <td>Dec 1973 = 13.61</td> </tr> <tr> <td align="center">10</td> <td>Gerald Ford</td> <td align="center">1974–1976</td> <td align="center">14.93</td> <td>Dec 1976 = 12.66</td> <td>Jan 1975 = 19.90</td> </tr> <tr> <td align="center">11</td> <td>Jimmy Carter</td> <td align="center">1977–1980</td> <td align="center">20.27</td> <td>Apr 1978 = 12.60</td> <td>Jun 1980 = 21.98</td> </tr> <tr> <td align="center">9</td> <td>Ronald Reagan</td> <td align="center">1981–1988</td> <td align="center">11.19</td> <td>Dec 1986 = 7.70</td> <td>Sep 1981 = 19.33</td> </tr> <tr> <td align="center">8</td> <td>George H. W. Bush</td> <td align="center">1989–1992</td> <td align="center">9.68</td> <td>Sep 1989 = 9.64</td> <td>Nov 1990 = 12.47</td> </tr> <tr> <td align="center">4</td> <td>Bill Clinton</td> <td align="center">1993–2000</td> <td align="center">8.80</td> <td>Apr 1998 = 5.74</td> <td>Jan 1993 = 10.56</td> </tr> <tr> <td align="center">6</td> <td>George W. Bush</td> <td align="center">2001 - 2008</td> <td align="center">8.10</td> <td>Oct 2006 = 5.71</td> <td>Aug 2008 = 11.47</td></tr></tbody></table>

 

[Willie99]

prime interest rates

Jimmy inherits a rate of 6.35 and leaves a rate of 20.35

Ronnie inherits 20.35, it was 11.77 when he was reelected and 10.50 when he left office

----------------------------------------------------------------
the legacy of the peanut farmer

increases the misery index by about 50% to all time highs in the modern era

increases interest rates from 6% to 20% (imagine trying to finance something?)

makes America look pathetically weak with the hostage crisis

befriends a murdering terrorist and still called the lifetime mass murderer a friend 30 years later

gas rationing / energy crisis

seriously, WTF?