Quote:
Originally Posted by tw
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Most people, for example, forget a more than five plus years of pain necessary to fix it.
Carter had interest rates rise massively to around 20% in the 1970s. Only then did jobs return in the mid-1980s.
Most voter perspective is less than one year.
Reagan also kept saying how good things were even when they were not.
That message is probably why Reagan is the only president relected when unemployment was massive.
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I've always felt sorry for Carter... so many things were out of his control.
Iran hostages, Oil embargo, S&L crisis, gas prices doubled, 3-mile island.
And so... unemployment and interest rates went up.
Reagan had nothing except and movie-star smile and 2 lines:
"There you go again" and "Are you better off than you were 4 years ago"
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