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Haha... you're funny.
It's obvious you didn't live during the mess Carter created and Reagan fixed. It was practically impossible to buy a house then.
Carter was defeated due to two factors. The first factor was the Iran hostage situation, the second factor was the OPEC oil embargos which jacked up not only the price of gas, but caused widespread inflation. This OPEC/inflation situation continued into the first couple of years of the Reagan administration, during which time he was also very unpopular. Per year in office, more jobs were actually created under Carter than under Regain, and aside from inflation our economy was fairly sound.
Carter was defeated due to two factors. The first factor was the Iran hostage situation, the second factor was the OPEC oil embargos which jacked up not only the price of gas, but caused widespread inflation. This OPEC/inflation situation continued into the first couple of years of the Reagan administration, during which time he was also very unpopular. Per year in office, more jobs were actually created under Carter than under Regain, and aside from inflation our economy was fairly sound.
Poor attempt at a dodge....
You're dismissed.
No dodge. Everything has to be taken into account, it depends on the situation and opportunity costs. I learned that when I was studying financial management in college, and I live it ever day in my business career.
Except for that pesky high inflation, high interest rates, the Soviet invasion of Afghanistan, long line-ups at gas stations, and the Iranian hostage taking, Carter did well. It's not quite clear what that was though, which is probably why he was widely rejected after just one term.
The American people were definitely better informed then than now or they would have done the same with Obama.
Except you only had TWO choices in my example.
You don't get to make up a dozen new ones just to weasel out of your comments.
The inflation rates, high interest rates, and lines at gas stations were all from the same root problem, a problem that was not Carters fault, even though we blamed it on him at the time. There are almost always US hostages being held by someone in the world at any given time, the Iranian hostages were just very highly publicized because it was so many at the same time. You can't really blame the soviet invasion of afganistan on Carter any more than you can blame any country invading another on our president. It happens under almost every president and I don't think that at the time anyone was really blaming that on Carter, not that I remember anyway. Did we blame the Iraq invasion of Kuwait on Bush 1? Not that I remember.
In that case, there simply wasn't enough information given to form an opinion. Business decisions aren't that simple.
Yeah, that's why Carter was trounced by Reagan and is routinely rated at the bottom of the list of most effective presidents.
What did Bush 1 do about Iraq's invasion of Kuwait ?? He ran them out of Kuwait and kicked their asses all the way back to Baghdad.
What did Carter do about the USSR invasion of Afghanistan ?? He didn't let the U.S. go to the Olympics.
Note the parallels between Carter and Obama ??
Guess that's why you're not in business then. This one is a no brainer.
Haha... you're funny.
It's obvious you didn't live during the mess Carter created and Reagan fixed. It was practically impossible to buy a house then.
Except for that pesky high inflation, high interest rates, the Soviet invasion of Afghanistan, long line-ups at gas stations, and the Iranian hostage taking, Carter did well. It's not quite clear what that was though, which is probably why he was widely rejected after just one term.
The American people were definitely better informed then than now or they would have done the same with Obama.
Why would you say that. One president tripled it, and the other doubled it. Neither is a good thing.
i remember the lines at the gas stations
and being able to get gas only on odd/even days
and it seemed like prices were going up 5-10% on a weekly basis at times
You also have to take into account inflation and the size of our economy and population and the perceived need to spend an extra trillion + to avoid the recession becoming a depression.
If you are concerned about the debt, then just be glad that Obama didn't triple the debt, and that the deficit has been falling for years.
so we are only going broke slower?
why do we have a deficit when we bring in over 3t per year?
where does it all go.....
and if you tell me it is ALL necessary, you need to have your head examined
No, we are not going broke at all. Our government can print/tax/borrow all the money it needs. The system is setup that way. How can you go broke when all you have to do to have money is to add extra zeros to an account?
You do realize that we have had a federal debt every year except from 1835-1837 don't you? You know what happened in 1837? We went into a depression.
Our odd way of creating money is by borrowing it into existence. If every penny of debt in the country was repaid today (which is actually impossible), there would be no more US dollars.
yes, let's pretend the 70's never happened and that it is impossible for other countries to ever get fed up with the shell game we play.
We can't go broke, we can just unilaterally thumb our noses at all prior commitments we made, just like what happened in the 70's.
No, we can still pay all prior commitments, regardless of that mumbo jumbo you mentioned. Why wouldn't be be able to pay our obligations?
Here's a big difference. Reagan had to rebuild our military, and that was money well worth spending. Also, due to his policies, the economy was booming and the additional debt was easily handled.
Now look at Obama. Spending all this money, and actually decimating our military. What's he spending on, social programs? Can't wait for the payoff from that. So, no payoff from his spending, economy can't handle the load, and the military still needs to be rebuilt. The best thing for him is people dropping out of the workforce so that the unemployment rate goes down. That really tells you something.
He's an idiot, and we are all getting screwed.
Obama claims he took over the worse economy since the great depression
but actually,
he presided over the worse recovery since the great depression.
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