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**freeprescriptionplanrrx** · 01-15-2012, 04:26 PM

Reagan made people feel good about America and themselves. He was a good actor. He started his first term in the midst of a horrible inflation, and appointed Volcker as Chairman of the Fed who raised interest rates to very high levels. Like 18%, and that killed the inflation, so people thought he was 'in control' of the economy. In fact, he spent us into oblivion to get on top of the Soviet Union, which collapsed shortly after he left office. People give him credit for that.

Hatha

01-15-2012, 04:26 PM	#11
freeprescriptionplanrrx Join Date Oct 2005 Posts 524 Senior Member	Reagan made people feel good about America and themselves. He was a good actor. He started his first term in the midst of a horrible inflation, and appointed Volcker as Chairman of the Fed who raised interest rates to very high levels. Like 18%, and that killed the inflation, so people thought he was 'in control' of the economy. In fact, he spent us into oblivion to get on top of the Soviet Union, which collapsed shortly after he left office. People give him credit for that. Hatha
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