Quote:
Originally Posted by Saoirse
If I remember correctly, when Ronald Reagan became president our economy was much worse than it is now. Didn't he do the complete opposite? He proposed and thankfully, Congress passed sharp cuts in the tax rate, it stimulated the economy with growth and employment and federal revenues increased.
I have often heard, especially during the last days of the campaign and after Barry was elected, a comparison of him to Pres. Reagan not just Abraham Lincoln. But I hardly see the comparison and as for the April 1st date, I find it a bit ironic...because this really is just a joke (IMO)
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I don't think it was as bad in the same ways. I doubt it is fair to compare -- I defer to NMAP. But, do you remember what happened to the money supply and Interest Rates? Mortgages were at 14% and people were racing to get into them, because there seemed to be no end in sight. I just refi'd (there is too money out there -- if your credit report walks on water) to 4.47. That ought to be unbelievable. I have three times the mortgage for nearly tthe same payment. It did work but tough medicine. The comparision to President Reagan? I think they are comparing their hair.