If the bottom fell out...

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Posted By: Ted Zanidakis

Your recollection of Reagan causing a recession in the 1980 -83 time frame is absolutely laughable.
Correction.....Reagan inherited a disasterous ecomomic situation from the Jimmy Carter days.
When Reagan took office in Jan 1981 inflation was in double digits and the INTEREST RATES were
hovering around 14%. Do not tell me otherwise, I have a lot of respect for your intelligence.
I had my house built at that time and I cannot forget paying a 15% mortgage rate (as everyone
else was nationwide).

By the 2nd term of Reagan (1987) I re-financed my mortgage into a 7.5% rate. And, this was
possible because Reagan cut TAXES in 1983 and the dynamic of his tax cuts resulted in bolstering
the economy......which resulted in LOWER INFLATION and LOWER INTEREST rates.

Why the heck do you think he won 49 out of 50 states in the 1984 Presidential election ? ?
There has never been a "landslide" like that in all the history of US Presidential elections.

Just ask anyone who was in the BB card hobby (or any collectibles) during the mid-80's to 1990,
the hobby was......"ROCKING".

If you tell me otherwise, you are guilty of "revisionist" history, and I will have lost some respect for
you.....and I don't want to.

TED Z