Yup, I remember when Nixon and Ford were in power and the dollar hit rock bottom. Our economy went into a nose dive and nothing Carter could do would prevent this. I was touched by this since I went into sticker shock at the Mercedes dealer when I discovered a 450 SEL was going for $16,000. Since they were going for $15,000 (for a 300 SEL 6.3) just four years earlier I asked the Dealer what was going on. Weak dollar vs. strong Mark was the answer. And forget the 6.3 replacement. At $36,000 the 6.9 was just too far out of line.

Then Reagan took over and with-in six months the US went into a recession that destroyed a number of our heavy industry producers. What Nixon started Reagan finished. Then Reagan deregulated the Savings and Loans and that led to a few million folks being wiped out. Neil Bush, G. W.'s brother did OK with Silverado Savings and Loan since he left the country with $500,000,000 the government had to come up with to bail out the bank, but he was about the only one.

Things were going from bad to worse until right about 1998 when the budget was finally under control and the US national debt was Zero.

Yup, no one understand how to destroy an economy like Conservatives do. You would think they would know how to build an economy as well, but history proves, with the crash of 2008, they are still trying to figure this out.