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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: jackhach who wrote (494954)11/18/2003 4:08:40 PM
From: AK2004  Read Replies (2) | Respond to of 769670
 
re: The National DEBT while under the 12 years of Reagan/Bush grew at an annual compound rate of 13.28%. That was at a rate of 4.22 times that of inflation.

wait a sec here, the inflation rate that was inherited from Carter was 13% and no need to argue here the data from feds

minneapolisfed.org

Reagan stopped inflation and by the end of his administration it was 4.1%. Reagan started the boom and you proved it. Unfortunately you can not read numbers but it was nice of you to point to the right place <gggg>

now lets look at the interest rates

federalreserve.gov

wow 1yr rate at 12% was lower than inflation in 1980. can you imagine the economic nightmare he inherited from from idiot Carter?

Do you want me to continue or you are going to admit that whatever negative economic impact that we suffering from came from Clinton administration and it is up to Bush to fix what Clinton broke - just us it was up to Reagan to fix what Carter broke.

Both Clinton and Carter did so much damage to US that is not even funny.....