[net.politics] Phil's comment on Ronald Reagan

ka (02/02/83)

SO:
1) Gas prices are down.  Well, I suppose you could argue that by leading
   the country into a recession, Reagan has causes demand to drop and
   prices to fall.  A very good article in The Public Interest (Fall '82,
   I believe) explains that the price of oil was bound to fall, regard-
   less of the recession.

2) Inflation and interest rates are down.  (The claim that "inflation is
   no longer a problem" depends on your idea of what rate of inflation
   is acceptable.)  These changes *are* the result of the recession, but
   it is hard to determine what percentage of the responsibility for the
   recession belongs to Reagan.

			Long live the recession!  :-)
			Kenneth Almquist