Ronald Reagan was elected in times very similar to these, at the end of the failed presidency of Jimmy Carter. He set about putting things right, but it took a little bit of time.
The inflation rate in 1981, the year Reagan took office, was 8.9 percent. That summer, Congress passed his tax reform plan, called the Economic Recovery Act, which he signed into law in August.
The recession, which had begun in the election year of 1980, continued as Reagan’s policies were coming online in 1982. But by 1983, things began to boom and continued to do so, with a few minor interruptions, for the next 25 years.
We have been in a recession for well over a year.
All the gov data that came in positive under "Biden" was 100% of the time revised down.
This is the biggest bubble in the history of markets, and makes 2008 look like a pleasant stroll through Disneyland.....
Ronald Reagan was elected in times very similar to these, at the end of the failed presidency of Jimmy Carter. He set about putting things right, but it took a little bit of time.
The inflation rate in 1981, the year Reagan took office, was 8.9 percent. That summer, Congress passed his tax reform plan, called the Economic Recovery Act, which he signed into law in August.
The recession, which had begun in the election year of 1980, continued as Reagan’s policies were coming online in 1982. But by 1983, things began to boom and continued to do so, with a few minor interruptions, for the next 25 years.
As Bette Davis famously said … “Fasten your seatbelts, it’s going to be a bumpy night.”