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Pastimes : Let's Talk About Our Feelings!!!
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To: Jacques Chitte who wrote (57236)10/5/1999 2:32:00 PM
From: Ilaine  Read Replies (2) of 108807
 
Lather, please look at the Ronald Reagan web site I linked to E., as it lays out the facts. Congress sent Reagan a budget that was more than he asked for, every year. Through compounding, it added up to quite a bit more at the end of his administration.

As for the present economic conditions, I'd have to say that much of the credit goes to the Federal Reserve. Paul Volcker probably caused the recession of the late 70's, early 80's when he raised interest rates so high to get rid of inflation, which was unpleasant, but it worked. He was a Carter appointee (1979). And Greenspan was appointed in 1987, which makes him, I believe, a Reagan appointee.
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