1976 / 2008 Deja Vu All Over Again 1976: Prime lending rate of 7.5%, unemployment at 7.8%. A Republican adminsitration (Ford) that was clueless about economics (price freezes, asking people to wear WIN, whip inflation now, buttons.) We were still reeling from a gas crisis that had seen gas shortages and lines at the pumps that often wrapped around a city block. On the other hand, things were looking up around the world. The Ford administration had completed several treaties with the Soviet Union and turned the bear into a cub. Islamic terrorists had come to everyone's attention at the...
Read More...
[Source: Latest Articles - Posted by FreeAutoBlogger]
No comments:
Post a Comment