On the recordJune 5, 2004
Our economy had grown to a halt, inflation was soaring, pessimism was rampant. The big government policies of several decades had finally reached the point of breakdown.
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transcripts.cnn.comDavid Stockman: “Our economy had grown to a halt, inflation was soaring, pessimism was rampant. The big government policies of several…”
Editor's note · Context
Stockman describes the economic conditions that led to the implementation of Reagan's policies.
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