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Very Hot Topic (More than 25 Replies) Rip Jimmy Carter (Read 2,153 times)
Abe
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Re: Rip Jimmy Carter
Reply #30 - Jul 14th, 2017 at 1:50pm
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billy.pilgrim wrote on Jul 14th, 2017 at 1:34pm:
http://www.freddiemac.com/pmms/pmms30.html

One way to slow inflation is to run interest rates so high that no one can afford to borrow

Interest rates under runnie exceeded the worst of the Carter years (largely brought on by the OPEC embargo and American oil company price gouging) for more than 6 years. Resulting job losses were salvaged in standard repug fashion when the Reagan admin changed the formula for calculating unemployment in 1982.





We were talking about inflation rates, not borrowing rates which you replied that they rose as high as 18%+.  That's what I replied to.

Just to keep the conversation straight. Wink


Abe wrote on Jul 14th, 2017 at 9:47am:
On assuming office in 1977, President Carter inherited an economy that was slowly emerging from a recession.

He had severely criticized former President Ford for his failures to control inflation and relieve unemployment, but after four years of the Carter presidency, both inflation and unemployment were considerably worse than at the time of his inauguration.

The annual inflation rate rose from 4.8% in 1976 to 6.8% in 1977, 9% in 1978, 11% in 1979, and hovered around 12% at the time of the 1980 election campaign. Although Carter had pledged to eliminate federal deficits, the deficit for the fiscal year 1979 totaled $27.7 billion, and that for 1980 was nearly $59 billion. With approximately 8 million people out of work, the unemployment rate had leveled off to a nationwide average of about 7.7% by the time of the election campaign, but it was considerably higher in some industrial states.


http://www.ontheissues.org/celeb/Jimmy_Carter_Budget_+_Economy.htm


To which you replied:


billy.pilgrim wrote on Jul 14th, 2017 at 12:44pm:
And continued on for years into Reagan admin when rates went to 18+%



To which I replied:


Abe wrote on Jul 14th, 2017 at 12:59pm:


Then you switched gears to discussing borrowing rates, jobs losses, "runnie" and whatever else.
  
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billy.pilgrim
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Re: Rip Jimmy Carter
Reply #31 - Jul 14th, 2017 at 2:36pm
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michiganFats wrote on Jul 14th, 2017 at 1:42pm:
Carter was alright with keeping a high top marginal rate and that negatively impacted small business. Carter wasn't blameless but obviously Congress had something to do with it too since they write the tax law.


He did have a hard time working with the Dems.

The biggest thing I remember is the new term big business coined for screwing people. "Whatever the market will bear" has been the rule ever since; the only difference is they don't admit it anymore.


  

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michiganFats
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Re: Rip Jimmy Carter
Reply #32 - Jul 14th, 2017 at 3:09pm
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billy.pilgrim wrote on Jul 14th, 2017 at 2:36pm:
He did have a hard time working with the Dems.

The biggest thing I remember is the new term big business coined for screwing people. "Whatever the market will bear" has been the rule ever since; the only difference is they don't admit it anymore.




And BB doesn't care about the market either. Monopoly is the name of the game.
  
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Re: Rip Jimmy Carter
Reply #33 - Jul 14th, 2017 at 3:36pm
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michiganFats wrote on Jul 14th, 2017 at 3:09pm:
And BB doesn't care about the market either. Monopoly is the name of the game.



That's why certain types of regulations are a very good thing; otherwise, the game comes to an end too soon.

We need another FDR. The Ryan's and trump's are only ending our run as the world's greatest middle class.
  

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Re: Rip Jimmy Carter
Reply #34 - Jul 14th, 2017 at 3:37pm
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Abe wrote on Jul 14th, 2017 at 1:50pm:
We were talking about inflation rates, not borrowing rates which you replied that they rose as high as 18%+.  That's what I replied to.

Just to keep the conversation straight. Wink



To which you replied:




To which I replied:



Then you switched gears to discussing borrowing rates, jobs losses, "runnie" and whatever else.



Waaa, waaa, waa, waaa, waaaaaa
  

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michiganFats
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Re: Rip Jimmy Carter
Reply #35 - Jul 14th, 2017 at 3:39pm
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billy.pilgrim wrote on Jul 14th, 2017 at 3:36pm:
That's why certain types of regulations are a very good thing; otherwise, the game comes to an end too soon.

We need another FDR. The Ryan's and trump's are only ending our run as the world's greatest middle class.


You may have a point but I'm not sure the problem is entirely political.
  
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Re: Rip Jimmy Carter
Reply #36 - Jul 14th, 2017 at 4:53pm
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michiganFats wrote on Jul 14th, 2017 at 3:39pm:
You may have a point but I'm not sure the problem is entirely political.



No, our problem is that less than a one thousandth of our population has taken over enough of our system that they have been able to write law that allows them to hoard the country's wealth. They are rebuilding what our ancestors fled.
  

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Re: Rip Jimmy Carter
Reply #37 - Jul 14th, 2017 at 4:57pm
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billy.pilgrim wrote on Jul 14th, 2017 at 7:00am:
Fcuking you

President Carter was one of our better presidents and has continued to show his wonderful character through his constant work for others through the homes provided and the millions of lives saved throughout his work to eradicate the guinea worm.
He is our grestest

Agreed and Obama was great too
  

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Knowing the truth, seeing evidence of truth, but still believing the lie.
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Re: Rip Jimmy Carter
Reply #38 - Jul 14th, 2017 at 4:58pm
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billy.pilgrim wrote on Jul 14th, 2017 at 4:53pm:
No, our problem is that less than a one thousandth of our population has taken over enough of our system that they have been able to write law that allows them to hoard the country's wealth. They are rebuilding what our ancestors fled.


"taken over"???

Notice how the leftwing uses these blurry demagogic terms to rile up paranoia in low-information losers so that they will support the democrat free stuff agenda.
  
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Re: Rip Jimmy Carter
Reply #39 - Jul 14th, 2017 at 5:00pm
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billy.pilgrim wrote on Jul 14th, 2017 at 3:37pm:
Waaa, waaa, waa, waaa, waaaaaa


Don't cry because you were caught diverting away from one of your lies.  Instead rejoice that I stopped you from lying even further.



Let me give you a little "aged whine" with your waa, waa, wa,


billy.pilgrim wrote on May 18th, 2017 at 2:41pm:
Just curious. Why do you take my threads and merge them with ones created after mine?

Yesterday you eventook my factual title and merged it with one with your typical unsupported bs in the title.



Boo hoo, boo hoo
Cry Cry Cry Cry Cry
  
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