creamonyourcrop

creamonyourcrop t1_j9b1bih wrote

He took the hit to improve the economy long term. With Paul Volker, they raised interest to cool the economy and stop inflation. It was the responsible thing to do, but that let Ronald Reagan to run on fixing the economy, which is what Carter was doing.
Reagan comes in, gives everyone a free lunch tax break and has the biggest recessions since the depression while exploding the debt and losing a half a million manufacturing jobs that never came back

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