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It is a shame to see people repeating the above grossly inaccurate statement (started by Hillary Clinton).
That distinction actually belongs to Jimmy Carter. Double digit inflation. Unemployment over 8%. ~20% mortage interest rates (try buying a house with that). 21% misery index (inflation + unemployment). Stagflation - the previously thought impossible combination of negative economic growth and rapid inflation. Waiting in lines on your alloted days to buy gas. Not to mention idiotic moves like giving away the Panama Canal which was a tremendous cash cow as well as strategic asset.
Then look at things currently. Unemployment is currently the same as it was when Bill Clinton got re-elected. Mortgage rates just set another record low this past month. Inflation is basically non-existent.
I'm always disappointed when folks latch on to grossly incorrect propaganda like this, as it detracts from legitimate gripes.
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