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Politics : View from the Center and Left

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To: JohnM who wrote (257820)	8/8/2014 2:40:32 PM
From: Steve Lokness	Read Replies (1) of 541432

Your first Krugman piece I don't - for the most part - disagree with. But this piece is just bizarre. Again Krugman seems to be rewriting history. To suggest that things were good under Carter is just ridiculous. Reagan, much like Obama, was handed a basket case. What Reagan did do - again much like Obama - was to take the basket case he was handed and brought the economy back to health. Inflation was at 13.5% in 1980 - and going up as the economy was handed over to Reagan. Krugman is playing with facts here and not even attempting to be honest with the facts. Krugman is right that there are those who unjustly glorify Reagan - but it is equally as dishonest to portray everything he did as bad.

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