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

To: jmhollen who wrote (567878)	4/22/2004 7:34:43 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

Re: That's why the interest rates were at 22+% under Jimminy L'Peanut Carter.... >>> Nope. He merely came into office at the end of a multi-decade long period of inflation and over-spending and deficit financing by the government. Started with LBJ refusing to pay for his twin wars (Vietnam & 'poverty'), (kinda like what Bush II is doing right now), and continued with such economic idiots as Nixon (remember the wage/price freeze, and Breton Woods?) Ford and Carter were not particularly to blame... of course they also suffered because of two other economic dislocations that occurred during the seventies simultaneously with government bad management: the oil shocks and the rise of Japanese competition in manufacturing. "It was Reagan and the "MX+SDI" effort that wrecked the Russian economy," >>> No, the Soviets did that pretty much on their own with 40 years of economic idiocy and gross mismanagement. Crediting Reagan for the whole collapse of the Empire... is kinda like giving the 'win' to a relief pitcher who comes in in the 9th. for the last out! >>> Anyway, Reagan/Bush came pretty close to bankrupting us with their open-ended deficits.