Curtis, Bush unemployment was just 5.8%.
President Ronald Wilson Reagan inherited a worse economy than President Obama has. Former President, Jimmy Carter, left Reagan with a country in chaos. Carter’s progressive/Keynesian economics led to 13% inflation, 7.4% unemployment (10 million people), a gas crisis caused mainly by Wind Fall Taxes, gas rationing, a slowing GDP, low production, and a sinking economy and stock market. In retrospect, President Bush left our nation with 5.8% unemployment, less than 7% inflation, no gas crisis, a high deficit, low production, slowing GDP, and a sinking economy and stock market. Overall, Reagan inherited the worst economy since the Great Depression. Obama has inherited the worst since Jimmy Carter, NOT the Great Depression.
President Ronald Wilson Reagan inherited a worse economy than President Obama has. Former President, Jimmy Carter, left Reagan with a country in chaos. Carter’s progressive/Keynesian economics led to 13% inflation, 7.4% unemployment (10 million people), a gas crisis caused mainly by Wind Fall Taxes, gas rationing, a slowing GDP, low production, and a sinking economy and stock market. In retrospect, President Bush left our nation with 5.8% unemployment, less than 7% inflation, no gas crisis, a high deficit, low production, slowing GDP, and a sinking economy and stock market. Overall, Reagan inherited the worst economy since the Great Depression. Obama has inherited the worst since Jimmy Carter, NOT the Great Depression.