PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: AK2004 who wrote (575677)	5/15/2004 5:21:18 PM
From: Ish	Read Replies (1) of 769670

<<carter's stagnation>> It was really stagflation. Stagnant economy and run away inflation. Doesn't seem possible but Carter pulled it off. I remember going into a S&L in early '80 and getting 21% on a jumbo CD. S&L later called me asking if I'd like to take some money out of the CD, no penalties, and pay off my $29k 6.5% mortgage.

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