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Originally Posted by Villages Kahuna
Interesting article, Keedy. It's amazing how much unemployment Obama caused in just 171 days as President. I wonder how he was able to do that?
But even now, as the article states, Michigan "hasn't yet exceeded its previous record for unemployment in modern history, when it reached 16.9 percent in November of 1982." I wonder who the incompetent was that was President in those days? Ronald Reagan? The father of conservative economics? No, tell me it isn't true.
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In 1982, Detroit was still reeling from the lousy cars they made in the 70's and the devastating situation that Carter was responsible for. Think 20% interest rates for mortgages. The mid 70's to around 1983 were the worst years I ever experienced. It was so bad that it took Reagan about 3 years to straighten it out.