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Politics : PRESIDENT GEORGE W. BUSH
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To: H-Man who wrote (177704)9/5/2001 1:18:15 PM
From: Les H  Read Replies (1) of 769667
 
Reagan's budgets also were hit by the very high interest rates inherited from Carter. 30-year rates were about double the prevailing rates during Clinton's. 5-, 7-, 10-, and 20-year rates were 3 times as high. 14-16 percent interest rates will double the debt in five years or less. Rates were headed back up to 10 pct in Bush's term.
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