American Presidential Politics and foreign affairs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TimF who wrote (68815)	1/26/2014 2:33:40 AM
From: RMF	Read Replies (2) of 71588

Carter was the one that appointed Volcker and he appointed him to do EXACTLY what he did, although maybe not to such a severe extent. As far as Reagan's tax cuts I don't think they had much affect at all except for the wealthiest of Americans. Reagan and Volcker CRUSHED the economy to almost depression levels with interest rates over 20% which put MANY small business owners OUT of business. They then cut interest rates year after year which benefitted Large Businesses greatly and the wealthy investors in those businesses even more greatly. How many manufacturing jobs were GAINED/LOST during the Reagan years?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next