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Reply #51: I see a lot of hatin' here [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
GoesTo11 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-28-08 09:53 PM
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51. I see a lot of hatin' here
But really, compared to the last 7 1/2 years, Reagan's presidency was nirvana.

On its own terms, his presidency had a lot of bad effects regarding concentration of wealth and power.

But: Inflation really was a serious problem, and he stood by Paul Volcker to raise interest rates enough to shock the country out of it. That seemed to actually work and painful as it was to those who lost jobs at the time, the net amount of pain was probably less than was being caused by the ongoing inflation.

Also, at least Reagan had the sense to work with Gorbachev when the offers started coming.

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