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History repeats itself – unfortunately

Michael Reagan on

Making Sense By Michael Reagan

Forty years ago we had a soaring inflation rate, obscene gas prices and interest rates in the teens.

Today, thanks to their incredible incompetence, bad policies and serial stupidity, the Democrats in Washington are bringing back all those problems.

It’s getting so bad, I’m actually beginning to think Jimmy Carter was not such a bad president after all.

People under 40 have no idea how bad things were in the late 1970s under Carter.

They’ve grown up knowing only 3 percent interest rates, dirt cheap gasoline and 2 percent inflation.

 

They don’t know how miserable things were under Carter or how miserable they can get again under Biden.

My friend who owns a local tire store in Los Angeles doesn’t need a history book to remember how awful America was in the early 1980s because he lived through it.

When I got an oil change at his place this week, he was railing about how today's official inflation rate of 8.5% doesn't come close to the real figure.

“Where is the thing I’m buying that’s only gone up eight and a half?” he asked.

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Copyright 2022 Michael Reagan, All Rights Reserved. Credit: Cagle.com
 

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