Replies to post #137897 on Biotech Values

[OakesCS]

nope on your comment about Reagan, c.f.
http://en.wikipedia.org/wiki/United_states_recessions
Reagan takes office Jan 1980
1980 Jan-July peak unemployment 7.8& GDP contraction -2.2%
July1981-Nov1982 peak unemploy 10.8% GDP contraction -2.7%

The "misery index" was very close to its peak when Reagan took office so to say the bottom was years earlier is a gross exaggeration. Lots of folks with recent memory syndrome should take a look at Wikipedia's presidential rankings page and then look at why there are many presidents which score lower than GWB.
http://en.wikipedia.org/wiki/Presidential_rankings
[i don't particularly agree with Grant getting such a bum rap]

edit meant jan 1981 for reagan taking office