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No, it wasn't much worse. Inflation was worse, which Carter

Posted on: August 5, 2016 at 15:01:57 CT
SparkyStalcup MU
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fixed by hiring Paul Volcker to run the Fed. Volcker raised interest rates and put the country intentionally into a recession (a much shallower one than 2008), and of course, the economy came back once the Fed lowered interest rates when inflation had come down.
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What did Obama do that was any different Than George - Ray-tiger MU - 8/5 14:28:37
     Obama doesn't think he's helping the country. He thinks the - Brazil Nut USA - 8/5 14:46:07
     oboma is NOT a trueAmerican. nm - yy4u MU - 8/5 14:31:40
     Well, the economy isn't hemorraging 800,000 jobs/month - SparkyStalcup MU - 8/5 14:30:28
          Weakest recovery since WWII ended. - Alferd Packer MU - 8/5 14:46:00
               2008 saw the only financial crisis since WW2. nm - SparkyStalcup MU - 8/5 14:52:38
                    caused by your party(nm) - Butcher of Bakersfield STL - 8/5 15:44:23
                    1980 was much worse. - Alferd Packer MU - 8/5 14:59:36
                         No, it wasn't much worse. Inflation was worse, which Carter - SparkyStalcup MU - 8/5 15:01:57
                              Wrong. Reagan Succeeded Where Obama Failed - Alferd Packer MU - 8/5 15:50:02
                    Lol no. (nm) - TigerMatt MU - 8/5 14:56:15
          Actually the economy was really booming when GWB was - JeffB MU - 8/5 14:33:48
               Yeah the houseing market and the rest of the economy - Ray-tiger MU - 8/5 14:38:50
               Yes, Clinton left him a booming economy - SparkyStalcup MU - 8/5 14:36:14
                    It was the Republican controlled Congress that left a - Alferd Packer MU - 8/5 15:02:19
                    I'm not a fan of much of what GWB did, but the roots of the - JeffB MU - 8/5 14:42:32
                         Yeah, it's common revisionist history to use the - SparkyStalcup MU - 8/5 14:50:48
                              The CRA was revised in 1995. - Alferd Packer MU - 8/5 16:08:39
                              The MAIN culprit, however, then as now, is the Fed & other - JeffB MU - 8/5 16:02:44
                              No, that isn't what I was talking about. Here are a few - JeffB MU - 8/5 15:28:47
                              Here's an interesting summary... - bornoncampus MU - 8/5 14:52:32
                                   Citigroup had to be bailed out 3 times - SparkyStalcup MU - 8/5 14:59:49
                                        Just part of Glass-Steagall was changed and it dealt with - Alferd Packer MU - 8/5 15:27:31
          The economy sucks it. - Evenflow MU - 8/5 14:32:26
          Got any idea why? - GA Tiger MU - 8/5 14:31:50




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