20 Feb 2014 4:48 pm
Putting aside that troll lie, here are key facts about the glorious Carter Economy.Cannonpointer » 20 Feb 2014 4:13 pm » wrote: Then why have you consistently lied that you posted them here?
Is that the sign of the healthy economy you claim Carter left to Reagan?The average annual inflation rate from 1900 to 1970 was approximately 2.5%. From 1970, however, the average rate hit about 6%, topping out at 13.3% by 1979. This period is also known for "stagflation", a phenomenon in which inflation and unemployment steadily increased, therefore leading to double-digit interest rates that rose to unprecedented levels (above 12% per year). The prime rate hit 21.5 in December 1980, the highest in history.[4]
By the time of 1980, when U.S. President Jimmy Carter was running for re-election against Ronald Reagan, the misery index (the sum of the unemployment rate and the inflation rate) had reached an all-time high of 21.98%
http://en.wikipedia.org/wiki/1970s