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Ah, the Carter years! Some perspective from NRO on the current unpleasantness:
The Worst Economic Crisis Since the Great Depression? [Andy McCarthy]
That's the Obamanomics mantra. Should be we really be letting that slide by without a response? Going to high school in the Carter Seventies, I remember sitting in the gas lines. Toward the end of Carter's tenure, interest rates were around 20%, inflation was at close to 14%, and unemployment was just over 7% (it soared over 10% before the Reagan recovery kicked in).
I don't mean to minimize the straits we're in, and I appreciate that things are likely to get worse — maybe a lot worse — before they get better. But aren't Democrats skipping over a pretty awful bit of history when they say this is as bad as it's been in 75 years?
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“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
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