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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (239851)12/13/2013 1:47:18 PM
From: Steve Lokness  Read Replies (1) | Respond to of 542009
 
Sam, My comment should have read 13'5% inflation rate - sorry! And yes it was going up and yes it was out right dangerous to our economy and yes Reagan did help break the back of inflation. What do you think firing all the air flight controllers was all about? ...........You're rewriting history to support your conclusion that Reagan was a awful President. You don't get to have it both ways; either he helped to destroy the unions and so squelched inflation - OR - he did nothing and so can't be blamed for squelching the unions. This of course is one isolated example.

But You're right. If you want to believe Reagan did nothing and the world was saved by Volker - you are free to do so. But to think Volker was able to do all this on his own pretty much makes the President a non participant when it comes to the economy. So DO NOT give Obama any credit then - it's all Bernanke? Geeeeeeez!