When Ronald Reagan was inaugurated president in January 1981, he inherited an economic basket case from Jimmy Carter. He didn't endlessly whine about how what he had on his hands was not his fault, and he didn't enact policies and programs designed to drive the economy into a deeper hole.I was in the banking industry at the time with the prime rate and other lending rates at all time highs. Inflation was running rampant and Jimmuh had no idea what to do. Rather than spend his first 18 months blaming Carter, Reagan went to work, passed his agenda, and turned things around. That's what real presidents do.
No, he accepted the responsibility that he had asked for in getting elected, worked as hard as he could to not only get us out of the hole Carter had dug us into, but to make us more prosperous than ever. He succeeded, launching one of the greatest economic booms in US history.
(In the first Carter-Reagan presidential debate, Carter asked Reagan, "Why do you want my job?" Reagan quickly responded, "I don't want your job. I want to be president.")
Tuesday, July 13, 2010
Remember Another President That Inherited an Economic Mess?
I do, and so does Dr. Jack Wheeler:
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1 comment:
I like your line.....that's what real presidents do!
Well, the one filling the presidents office at the present is NOT a real president, he is only an imposter and he doesn't have the faintest idea what to do
as the leader of the nation.
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