Posted by Spook on January 22, 2010 at 09:34:45 from (75.45.64.209):
In Reply to: Stock Market posted by TimMiller on January 22, 2010 at 06:08:01:
rrlund said: (quoted from post at 10:31:33 01/22/10) He did more than START to raise interest rates. I bought a new tractor in February of 1981,a month after Reagan took office. I paid 17.5% interest. I know guys who paid 21% on their production loans that spring. All because Nixon,Ford and Carter had financed HUGE deficits by printing useless money.
You left out LBJ. Remember "guns and butter"? They ran up huge debts to pay for Vietnam, but didn't want to raise taxes to pay for it. Sound familar?
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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