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Re: OakesCS post# 137887

Saturday, 02/25/2012 11:36:03 PM

Saturday, February 25, 2012 11:36:03 PM

Post# of 252302

it could be argued that Reagan was "handed" the baton in the middle of a worse downturn.



No, that was in the tail of a downturn that hit bottom years earlier. Nixon's wage and price controls were never a solution, they just pushed the inflation forward.

Unemployment did peek early under Regan, but this was just the cycle playing out at the tail.

Presidents get far to much credit and blame for the economy. It was always 100% obvious that whoever won the '08 election would look bad. Ditto that for '12.

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