The economy is bad, but compared to interest rates, inflation rates, and unemployment rates :
Nearly 20 % interest rates in early 1981.
13.3 % inflation rates
unemployment peaked at 10.8% in 1982, before going down to 5.0% under Reagan.
Compared to now :
3.5 - 5.0% interest rates in 2009
I currently cannot find inflation rates as of now, but it much better then in the 1970's.
unemployment rate is about 6.7%, the higest during the entire Bush term.
So Obama says, this is the worst financial crisis since the great depression, that is lunancy, his plans for another massive bailout will hurt American business even more, and is pretty much just a massive welfare buy out of Americans.
We need to do what Reagan did, cut taxes across the board, Obama wants to raise taxes across the board - especially with the capital gains tax, which will kill business.
Obama will not help at all, he says his plan will not help at all, so the democrats elected a man that has no plan that will work, and his the perfectionist of doom and gloom?
Here comes socialism.
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