The Worst Economic Crisis Since the Great Depression?

by Andrew C. McCarthy

That’s the Obamanomics mantra.  Should be we really be letting that slide by without a response?  Going to high school in the Carter Seventies, I remember sitting in the gas lines.  Toward the end of Carter’s tenure, interest rates were around 20%, inflation was at close to 14%, and unemployment was just over 7% (it soared over 10% before the Reagan recovery kicked in). 

I don’t mean to minimize the straits we’re in, and I appreciate that things are likely to get worse — maybe a lot worse — before they get better.  But aren’t Democrats skipping over a pretty awful bit of history when they say this is as bad as it’s been in 75 years?

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