Do you remember the mess our economy was in when Ronald Reagan took office 30 years ago? Five years earlier, during the 1976 campaign, Jimmy Carter had hammered away at the so-called Misery Index, the combination of unemployment and the inflation rate. In the summer of 1976, it reached 13.57 percent; and worried voters handed the keys to the White House to the peanut farmer.
Unfortunately, Jimmy did nothing to make things better. By 1980, when he was running for re-election against Ronald Reagan, the Misery Index had climbed to an all-time high of 21.9 percent — more than 61 percent higher. Ouch! As a result, the voters booted him out and decided to give the former Governor of California a chance.
But all Reagan did for the next four years was blame Jimmy Carter for the mess he inherited, while things in the country got worse and worse.
Ha-ha, just making sure you’re paying attention.
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Chip Wood (photo)