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Politics : PRESIDENT GEORGE W. BUSH
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To: TigerPaw who wrote (231455)2/27/2002 8:53:05 AM
From: Neocon  Read Replies (1) of 769670
 
Inflation: The central economic evil that Ronald Reagan inherited in 1981 from Jimmy Carter was three years of double-digit inflation. In 1980 the consumer price index (CPI) rose to 13.5 percent. By Reagan's second year in office, the inflation rate fell by more than half to 6.2 percent. In 1988, Reagan's last year in office, the CPI had fallen to 4.1 percent. Figure 5 shows the inflation and interest rate trend.

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