Commentary
During the 1980 presidential campaign, the Republican challenger, Ronald Reagan, said, “A recession is when your neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.”
President Jimmy Carter listens to Sen. Joseph R. Biden (D-Del.), as they wait to speak at a fundraising reception at Padua Academy in Wilmington, on Feb. 20, 1978. Barry Thumma/AP Photo
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Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
