Posted by Spook on January 22, 2010 at 09:34:45 from (75.45.64.209):
In Reply to: Stock Market posted by TimMiller on January 22, 2010 at 06:08:01:
rrlund said: (quoted from post at 10:31:33 01/22/10) He did more than START to raise interest rates. I bought a new tractor in February of 1981,a month after Reagan took office. I paid 17.5% interest. I know guys who paid 21% on their production loans that spring. All because Nixon,Ford and Carter had financed HUGE deficits by printing useless money.
You left out LBJ. Remember "guns and butter"? They ran up huge debts to pay for Vietnam, but didn't want to raise taxes to pay for it. Sound familar?
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