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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: E who wrote (57268)	10/5/1999 3:53:00 PM
From: Zoltan!	Respond to of 108807

At least you admit that you have no basis to analyze the statements that you post. Anything negative passes. >>What America was really coming back from was the Reagan recession, which took more out of the economy in two years than Carter could in four. No scholar wrote that. The recession that occurred during 1981-82 was the product of Carter & company. Nothing Reagan did had anything to do with it. He did refuse to criticize Volcker, who was trying to wring inflation out of the economy with tight money and ruinous interest rates. Volcker, a Dem and Carter appointment, wrote in his book about Reagan's political courage in refusing to do what Congressional Dems did - bashing the Fed for political gain. Similarly, Clinton gets no credit for the continuation of the Reagan Boom. AlGore claimed recently that they brought the US back from "the worst economy in 50 years". A big lie. After a brief recession in 1990-91, due to the Gulf War, the economy started to grow briskly in late 1991 and early 1992. In fact, economists agree that the economy was in full rebound 13 months before Clinton and AlGore even took office Clinton's only economic stroke - the great tax increase and a drag on the economy - came into being even later.