Quote:
Originally posted by dig420
Reagan torpedoed the economy with short term, high interest loans designed to prop up the economy while he was in office and leave the consequences to his successor. He killed George Sr.'s presidency.
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if he hadn't there wouldn't have been such a strong recovery from the early 80s recession. there was stagflation, it was solved within a few years. absolutely amazing job.
it was the defense spending that was the problem. but if the soviet union stayed together it prolly would have cost a lot more, but thats all speculation.