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View Full Version : What a second Carter term would have looked like .



LWW
08-12-2011, 05:03 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(Reuters) - U.S. consumer sentiment worsened sharply in early August, falling to the lowest level in more than three decades, after retail sales posted the biggest gain in four months in July.

High unemployment, stagnant wages, gridlock in Congress, and a stockmarket slump all contributed to a consumer mood that was as grim as when Jimmy Carter was President during the recession of 1980 and interest rates were more than 20 percent. </div></div>

OH MY! (http://uk.reuters.com/article/2011/08/12/uk-usa-economy-idUKTRE77B36G20110812)