The Trump Presidency Message Board

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Politics : The Trump Presidency

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To: i-node who wrote (45849)	11/20/2017 4:43:27 PM
From: Steve Lokness	Read Replies (2) of 355916

You are so full of shit. Really! He turned the economy around? You need to start doing your homework. n the year after enactment of ERTA, the deficit ballooned, which in turn, drove interest rates from around 12% to over 20%, which, in turn, drove the economy into the second dip of the 1978-82 "double dip recession". The Dow Jones average, which had been over 1000 before enactment of ERTA, fell to 770 by September 1982. Much of the 1981 ERTA was backed out in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), sometimes called the largest tax increase of the post-war period. en.wikipedia.org VOODOO ECONOMICS!!!!!!!!

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