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Comment Re:Wait, isn't Musk an MBA? (Score 1) 195

Like Hell it was fixed. The country was depressed over the unsuccessful Iraqi hostage attempt, and Carter kowtowing to the fake Arab Oil shortage (appearing on TV in cardigans telling Americans to reduce their consumption) did not help his standing. Carter deservedly lost in a landslide because the American public didn't forget gas lines and alternating days you could fill up your vehicle.

You can link to whomever you want regarding the Carter years: when Regan took over from Carter, unemployment was 7.4%, the inflation rate was 13.5% (an absolute killer to those on fixed incomes), and interest rates were 18.45%.

I bought a house in 1981, taking out a loan at 13.5% (a state-subsidized loan based on my extremely moderate income), and was thrilled I didn't have to pay the 18% other loans were going at. I LIVED through the Regan years. Regan's first term was the most successful in my lifetime, and his 1981 tax cuts ("the trickle-down theory" actually WORKED). Entrepreneurship skyrocketed through his his term.

The second best term I lived through was the second Clinton term; by 1980 he virtually balanced the budget, something that had not been done since Nixon.

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