rhasler Posted February 13, 2011 Share Posted February 13, 2011 I watched the Ronald Reagan episode of "American Experience" on PBS last night and they showed a clip of him during his campaign against Carter where he gave the following definitions for common economic terms (maybe slightly paraphrased):"A recession is when your neighbor loses his job, a depression is when you lose your job, and a recovery is when Jimmy Carter loses his job."Seems like this still applies to today. Quote "Mebbe I'm too ugly and stupid to give up!" Link to comment https://www.bigmacktrucks.com/topic/17965-reagans-economic-definitions/ Share on other sites More sharing options...
Rob Posted February 13, 2011 Share Posted February 13, 2011 I watched the Ronald Reagan episode of "American Experience" on PBS last night and they showed a clip of him during his campaign against Carter where he gave the following definitions for common economic terms (maybe slightly paraphrased):"A recession is when your neighbor loses his job, a depression is when you lose your job, and a recovery is when Jimmy Carter loses his job."Seems like this still applies to today.As a young man attempting to raise a family I remember that era all too well, and the need for change that took place.Rob Quote Plodding along with no job nor practical application for my existence, but still trying to fix what's broke. Link to comment https://www.bigmacktrucks.com/topic/17965-reagans-economic-definitions/#findComment-72803 Share on other sites More sharing options...
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