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Mortgage interest rates under Reagan in 1981, 18.6%!!


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Today under the evil black man, 4.1%!

 

 

 

 

Interest rates were assumed to be the money maker of the future. The original product of todays Index Universal Life insurance plan is the Interest Universal Life plan. People, by buying it, were betting that interest rates would continue to increase making them buttloads of money. Of course, it didn't happen that way and people lost their shirts and the "insurance man's" reputation is still damaged to this day.

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Carter's management of the faltering national economy produced more critics than supporters. His decision to attack unemployment first by implementing tax cuts and spending increases caused inflation to more than triple. By midterm, he reversed his strategy by delaying the tax cuts and vetoing spending programs he promised during his first year. By the time Carter left office, the recession deepened with unemployment figures reaching 7.5 percent, mortgage rates at 15 percent, and interest rates peaking at an all-time high of 20 percent........

 

Reagn bankrupted the Soviets......

 

 

 

 

 

"The Reagan recovery had one of the fastest rates of growth we ever saw," said Barry Bosworth, an economist at the Brookings Institution. "If anything it was too strong. It was spectacular."

Just take a look at the numbers:

The economy grew at 4.5% in 1983, with a few quarters of growth north of 8%. In 2011, meanwhile, the economy grew just 1.7%.

In just one month -- September 1983 -- the economy added more than a million jobs. For the full year, the economy added almost 3.5 million jobs, a trend that continued into 1984, an election year in which Reagan captured 49 states in a landslide victory.

Obama can claim job growth of 1.8 million in 2011. A welcome comeback, but still tepid by comparison.

Looking ahead to 2012, Obama could replicate the 243,000 jobs created in January over each of the next 11 months and still not approach Reagan's total for 1984 of 3.9 million.

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More blaming Carter....oh oh...



Obama would be happy with a %2 growth rate. The libs would say that was excellent. We can do so much better without a know nothing incompetent empty suit.

What is the Republican plan then John?

 

Just say NO?

 

lmao!!

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More blaming Carter....oh oh...

 

What is the Republican plan then John?

 

Just say NO?

 

lmao!!

 

Smaller unobstructing government,

Personal reliance, responsibility

lower taxes

Oil, gas and Nuclear (even the lefties are starting to understand nuclear is the only way to fill the gap)

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Oh oh....blaming Carter for Reagans fuhk ups...

 

LOL!

 

You really like to prove your own stupidity, don't you, WharfRat2?

 

Here's a chart that shows what the mortgage interest rate did under Carter (Jan 1977-Jan 1981) and then Reagan (Jan 1981 - Jan 1989):

 

Mortgage-Interest-Rates-History-Graph.jp

 

Under Carter the interest rate exploded from 9% to 16%.

 

It dropped a bit during the 1980 presidential campaign then climbed back to almost 15% by the time actually Reagan took office.

 

And yes, it did reach a peak of 18.6% before Reagan managed to change the course of history.

 

Then it dropped steadily.

 

By the time Reagan left office, the mortage interest rate was back down to 10% ... almost where it was when Carter initially took office.

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Reagn bankrupted the Soviets......AND changed us, for the first time in history, into a debtor nation from a creditor nation.

 

 

Yea, Ronnie was a tax cutter, tax raiser, spending cutter, and HUGE SPEND-A-HOLIC!!!!! He trippled our debt.

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he is, this is his 4th term

LOL . Somehow he accomplished killing the economy with a stock market boom.Things have to be pretty bad when we're looking back fondly on Carter. The Dems will look back on his administration as thier glory days if the current situation keeps up.

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Mortgage interest rates under Reagan in 1981, 18.6%!!

 

Because of Carter's incompetence, moonbat.

 

Which Reagan solved.

 

Today under the evil black man, 4.1%!

 

$6 trillion more in debt.

 

Worst recovery in 80 years.

 

Plummeting income.

 

12% real unemployment.

 

$1 trillion annual deficits.

 

2 1/2 million jobs behind pre-recession levels.

 

9 million jobs behind the average recovery.

 

A collapsing "train wreck" of a health care plan.

 

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$6 trillion more in debt.

 

Worst recovery in 80 years.

 

Plummeting income.

 

12% real unemployment.

 

$1 trillion annual deficits.

 

2 1/2 million jobs behind pre-recession levels.

 

9 million jobs behind the average recovery.

 

A collapsing "train wreck" of a health care plan.

 

 

Not to mention a foreign policy and a military in disarray.

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Today under the evil black man, 4.1%!

Yep, inflation was part of Carter's misery index.

My first home was purchased at an interest rate of 14%. It was brutal.

 

You should be happy that Reagan, Bush and Clinton brought those numbers down, but it appears that Obama is now driving them back up with his failed economic stimulus plans.

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wharf one again you prove that you are an idiot and have no idea of economics. Under the greatest president of the 20th Century, Ronald Reagan, intrest rates began to drop significantly from the record highs caused by peanut jimmy''s failed presidency. remember, until obama carter was the worst president in the last 100 years.

 

 

as far as current rates under sambo they are artificially low due to the continued govt interference in the economy by manipulating interest rates. they are doing this by printing more money and buying theiri own debt. what this does is de value the dollar as more money in circulation = lower value basic supply & demand.

 

wharf you ar too stupid to understand economics. I will chew you up and spit you out on every economic issue you can come up with.

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Oh oh....blaming Carter for Reagans fuhk ups...tossing charts and shlt... none of it matters becaause you Repukes all tell us Obama owns Bush's calamity.

 

Own the Reagan mortgage interest rates of 18.6%, Kochsuckers.

 

Yes, I guess you really ARE just that stupid.

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Interest rates were assumed to be the money maker of the future. The original product of todays Index Universal Life insurance plan is the Interest Universal Life plan. People, by buying it, were betting that interest rates would continue to increase making them buttloads of money. Of course, it didn't happen that way and people lost their shirts and the "insurance man's" reputation is still damaged to this day.

ooooo!

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