edthecynic
Censored for Cynicism
- Oct 20, 2008
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St Ronnie did not inherit his recession.At this point in reagan's presidency, the unemployment rate was at 6.2%. As you pointed out, Obama started out with a higher unemployment rate; which was also climbing rapidly since, unlike reagan, Obama inherited a recession.
100% stupid since recessions are not comparable you idiot. Reagan faced 20% interest rates and recession after he got elected. Obama faced 0% interest rates after he got elected and recession ended 6 months after Obama got elected thanks to Bush policies.
Reagan created his own recession almost 2 years into his first term.