Although Democrats in Congress and members of the leftist media continue to claim we are in the worst recession since the 1930s, that is a false assertion. The longest lasting recession America has experienced since 1930 began in 1980 under Jimmy Carter, when the GDP dropped by 9.6% and did not end until 1982. It took Ronald Reagan two years to rebuild the American economy.
By William Haupt III
When Reagan took office, he faced double digit inflation and interest rates were at 20%. With job numbers falling rapidly and inflation destroying purchasing power, the Arthur Okun Misery Index …