JoeB131
Diamond Member
LOL....yeah that shit is always true, who gives a shit whether you care or not....your source also said the recession was "approved" by Reagan and Carter, you are an idiot.
Reagan stopped unemployment in it's tracks and got the economy roaring again, you can revise your shit ALL day long, but the facts are the facts no matter how loud you screan "Nuh-Uh".
Uh, reagan didn't stop unemployment, he CAUSED it.
Intentionally.
Ronald Reagan's Fight Against Inflation | Heartlander Magazine
He tightened up the money supply to control runaway inflation, which was needed at the time, give him kudos for that.
.
No he didn't. Where do you read this shit?
The President has nothing to do with the money supply. That was the Volcker and the Fed. The Fed is in charge of monetary policy, not the executive branch. Volcker was appointed by Carter in 1979 to the chair of the FOMC and was reappointed by Reagan in 1983 after inflation had fallen to 3%. Reagan did not re-appoint Volcker in 1987 and instead appointed Greenspan.
Point was, Volcker and Reagan were of like mind on the issue. It was really a big deal back in the day...