Oct 14th 2012, 4:38:31
Reagan had a depression as bad as this? Give me a break.
The Reagan slump was brought to a rapid end when the Fed decided to relent and cut interest rates, sparking a giant housing boom. That option isn’t available now because rates are already close to zero... and Obama's recession was brought on by private-sector excess: above all, the surge in household debt during the Bush years.
Compare them again pls.
The Reagan slump was brought to a rapid end when the Fed decided to relent and cut interest rates, sparking a giant housing boom. That option isn’t available now because rates are already close to zero... and Obama's recession was brought on by private-sector excess: above all, the surge in household debt during the Bush years.
Compare them again pls.