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Sprinkles_Hopeful t1_iu2okt9 wrote

You are correct interest rates were at about 7% at the end of the '70s and let's not remember interest rates being 18% under Ronald Reagan that's when the housing market blew up but like everything else it corrected itself


jdi000 t1_iu6k8sx wrote

This was bc of the failure of the jimmy Carter administration. Let's also thank jimmy for banning the recycling of commerical nuclear waste for all the lost jobs and income that was lost. Let's be real a president has little impact during his presidency and any benefits of programs usually show up years later.