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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (67910)	7/5/2009 10:33:03 AM
From: Sedohr Nod	3 Recommendations Read Replies (1) \| Respond to of 224752

The prime rate hit 21.5% in December 1980(still Carter territory).....It took a bit, but the general trend was down under Reagan....Tax cuts and getting government out of the way was the biggest factor in the Reagan recovery....plus not serving up a big helping of that wonderful malaise that Carter(Mr. put on a sweater) was so fond of..... There is no rational defense for Carter, just as there will be none for the new rookie in chief. research.stlouisfed.org