Logged-in users can hide comments and words in comments they do not
want to see. Click here to register for
your free account. If you already have an account,
log in here.
You are about to report the following comment as abusive:
How soon we forget
April 28, 2012, 2:02pm
There is so much B.S. in the air about how bad these Democrats are.
Well, return with us now to yesteryear... It wasn’t all that great at that particular time, jobs were hard to come by. I was unemployed and broke, with a wife and three young kids, and “money was tight.” Typically, mortgage interest rates were in the range of 10% to 14%, and new car loan rates were similar. Many banks had already failed in the previous couple of years or were failing. Now it was one of the nation’s largest, Continental Illinois. Congress decided the bank was "too big to fail" and mandated a $4.5 billion bailout package for the institution. The national unemployment rate was 7.8%.The year was 1984. The president was the now-iconic (laugh) Ronald Reagan.
In 1988, the Dems put up a politically lame candidate, Mike Dukakis, while G.H.W. Bush promised a "kinder, gentler nation" and got elected. In 1992, voters were so disgusted with him, they chose unknown Bill Clinton rather than reelect Bush.
Report Abuse
Logged-in users can hide comments and words in comments they do not want to see. Click here to register for your free account. If you already have an account, log in here.
You are about to report the following comment as abusive:
How soon we forget
April 28, 2012, 2:02pmThere is so much B.S. in the air about how bad these Democrats are.
Well, return with us now to yesteryear... It wasn’t all that great at that particular time, jobs were hard to come by. I was unemployed and broke, with a wife and three young kids, and “money was tight.” Typically, mortgage interest rates were in the range of 10% to 14%, and new car loan rates were similar. Many banks had already failed in the previous couple of years or were failing. Now it was one of the nation’s largest, Continental Illinois. Congress decided the bank was "too big to fail" and mandated a $4.5 billion bailout package for the institution. The national unemployment rate was 7.8%.The year was 1984. The president was the now-iconic (laugh) Ronald Reagan.
In 1988, the Dems put up a politically lame candidate, Mike Dukakis, while G.H.W. Bush promised a "kinder, gentler nation" and got elected. In 1992, voters were so disgusted with him, they chose unknown Bill Clinton rather than reelect Bush.
--NBNG