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Re: Bill Clinton to the Rescue

By: clo in FFFT | Recommend this post (0)
Mon, 05 Sep 11 10:32 PM | 37 view(s)
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Msg. 32735 of 65535
(This msg. is a reply to 32732 by Decomposed)

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Decomp,

On 1/9/0981 interest rates were 20%,
by 1/11/1983 it had dropped to 11%.
That alone explains the improvement.

When Obama took office the mortgage debacle was unfolding.... HUGE difference.
No bullets left for him. clo

http://mortgage-x.com/general/indexes/prime.asp




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DO SOMETHING!


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The above is a reply to the following message:
Re: Bill Clinton to the Rescue
By: Decomposed
in FFFT
Mon, 05 Sep 11 9:48 PM
Msg. 32732 of 65535

clo,

re: "In case you missed my response yesterday."

I saw it, but didn't find it relevant. (If you disagree, please tell me why.) We were discussing 1981 to 1983, the period when Reagan showed how to turn around the awful economy he'd inherited.

Your post seems to be focused on things Reagan did once he already had the economy roaring to life.

And while you say Obama would do anything to be reelected, I don't believe he has the courage to say that everything he's done to date has been wrong. And that's what he would need to do to conquer the recession as Reagan did.


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