When Reagan took office we had 21% inflation and double digit unemployment. Reagan cut taxes and unleased the business sector and the boom of the 80's happened. Obama takes office with an inflation rate of about 4% and an unemployment rate of 8%. He has spent the last year talking down the economy and now cries that we are in a crisis. His numerous pronouncements show no direction. The market plunges. He waste $3 trillion that we don't have on a spending spree. Massive inflation will soon come.
Thanks for the update!
eksdem 2 years ago
When Reagan took office we had 21% inflation and double digit unemployment. Reagan cut taxes and unleased the business sector and the boom of the 80's happened. Obama takes office with an inflation rate of about 4% and an unemployment rate of 8%. He has spent the last year talking down the economy and now cries that we are in a crisis. His numerous pronouncements show no direction. The market plunges. He waste $3 trillion that we don't have on a spending spree. Massive inflation will soon come.
BarfObama 2 years ago