FDR or Ronald Reagan  |
| |
|  Both Presidents inherited an economy on the brink, but the two decided to handle the economy totally differently.
The Great Depression began with the Great Crash of 1929. By 1931, unemployment had reached 16 percent. By 1933, 89 percent of stock value had been wiped out, the economy had shrunk by one-third, thousands of banks had closed, a third of the money supply had vanished, and unemployment had reached 25 percent. FDR's answer was vast federal spending, tough new regulations on business and higher taxes. What did that accomplish nothing except keep the American economy depressed.
The Jimmy Carter era was the worst economy since the great depression interest rates had reached 21 percent and inflation 13 percent which we call stagflation. This is what Ronald Reagan inherited. His answer was the tight money policy of the Fed and across the board tax cuts of 25 percent, while slashing the highest rates from 70 percent to 28 percent. What did that accomplish a boom that created 20 million jobs and has been credited as America's seven fat years.
So which one would you choose?
| | | | | |
| |
| |
| |
| |
| |
| |
|
|
1.  Destiny007 (4866)
|
4 years ago
| |  We need another Reagan, and not another FDR.
The 0bamunist has been portrayed as another FDR... and for anyone with an understanding about the damage that FDR's policies did to our economy and to our country, that is not a compliment.
| | | | | | |
 gewcew23 (5064)
|
4 years ago
| | True, true, true! | | | |
| |
| This Stock Will Explode You Need to Know About this Next Awesome Penny Stock! Read More. www.PennyStockCircle.com | add comment | | |
|
|
2.  lilwonders456 (3526)
|
4 years ago
| |  Reagan is my favorite president so I guess you know what my choice is.
| | | | | | |
| gewcew23 (5064)
|
4 years ago
| | Well there you go again showing your intelligence:-) | | | |
| |
| Penny Stock of the Day Penny Stock Pick of the Day Emails. Huge Gains for Active Traders! www.PennyStockAlerts.com | add comment | | |
|
|
3.  stephcjh (27638)
|
4 years ago
| |  I guess that I would have to choose ronald Reagan. I was alive during his presidency and know alot more about what he had done for us.
| | | | | | |
| |
| 91% Accurate Stock System No Guessing. No Hunches. No Missed Trends, Ever! Learn More www.MarketTrendSoftware.com | add comment | | |
|
|
| 4. suspenseful (19613)
|
4 years ago
| |  I would have chosen Ronald Reagan. It seemed that the eighties were a very good decade and part of that is due to his term of office. Then suddenly the 90s come in with the start of businesses laying people off, and with the start of those people bothering us with telemarketing because they had been laid off and had to work at what they could get. I missed the 80s. It was one of the best decades and now I learn it was because of Reagan's policies.
| | | | | | |
| |
| Open Checking Acct Today Open A New Checking Account In Minutes. Find The Best Fit For You OpenACheckingAccountOnline.com | add comment | | |
|
|
| 5. irisheyes (3349)
|
4 years ago
| |  FDR. The situation when he came into office was much graver than that inherited by Reagan. It wwas the worst financial crises in our nation's history and there was a total vacuum of leadership. Even today things are not so terrible as they were then.
| | | | | | |
| |
| online banks Open That Second Chance Checking Account You Deserve Now! fremontnational.com | add comment | | |
|
|
| | Open Checking Acct Today Open A New Checking Account In Minutes. Find The Best Fit For You OpenACheckingAccountOnline.com
| online banks Open That Second Chance Checking Account You Deserve Now! fremontnational.com
| Search& Compare Banks Search 100s of Bank Rates, CDs, Mortgages& More. Plus News& Tips! www.Bankrate.com
|
|
| |
| |
| |
