"Analyst: Obama Would Be A Nightmare For Defense Programs, Firms"

On Wed, 23 Apr 2008 16:43:37 -0700, Dan wrote:

Ed Rasimus wrote:
On Wed, 23 Apr 2008 09:42:23 -0600, "Glenn Dowdy"
wrote:

"Ed Rasimus" wrote in message
...

Carter cut programs in the military aggressively, froze promotions and
military pay/allowances for three of his four years, gave us 22%
inflation and an 18% prime interest rate,
How did a president 'give' us those rates?

Glenn D.

Generally the state of the economy is attributed to the economic
policies of the incumbent president. (Recall Clinton's claim of
leaving a balanced budget and reducing the national debt? Notice the
attribution of the current market decline, AKA recession, to Bush tax
cuts? Recall the Reagan tax cuts followed by increases in federal
revenue followed by a spending orgy by the Congress?)

If you take office with 4% inflation and 6% interest rates and in four
years without a major cultural shock like a 9/11 or significant war
the inflation rate has skyrocketed and interest rates make home owners
instantly "wealthy" but home buyers turn into apartment seekers, you
take the blame.

If your successor cuts taxes and within three years the indicators are
significantly reversed, we can assume a cause/effect relationship.

Ed Rasimus
Fighter Pilot (USAF-Ret)
"When Thunder Rolled"
www.thunderchief.org
www.thundertales.blogspot.com

Yeah, no oil embargoes or OPEC cartels raising prices at all... No
major revolutions in the oil patch...

D'oh!

Dan

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.
And don't forget his 55 MPH national speed limit to save us oil.

Ed Rasimus
Fighter Pilot (USAF-Ret)
"When Thunder Rolled"
www.thunderchief.org
www.thundertales.blogspot.com

On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Incidentally, since the Carter administration started January 20,
1977, how did an assertion by that administration cause shortages in
1976?

And don't forget his 55 MPH national speed limit to save us oil.

The 55 mph speed limit started in 1974, during Nixon's administration.

Mark Sieving wrote:
On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Incidentally, since the Carter administration started January 20,
1977, how did an assertion by that administration cause shortages in
1976?

And don't forget his 55 MPH national speed limit to save us oil.

The 55 mph speed limit started in 1974, during Nixon's administration.

No kidding. Professor Ed's knowledge of history matches his skill at
economic analysis. Maybe next he'll accuse Jane Fonda of imposing wage
and price controls in August of 1971.

Typical crackpot blather.

Cheers

==bob

On Thu, 24 Apr 2008 07:54:26 -0500, Mark Sieving
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Actually, I recall it as "twenty-five years".

It was much cited around here, where Onassis wanted to build an oil
refinery. No point, went the argument; there would be no oil left in
twenty-five years.

It was the conventional wisdom, and it remains the conventional
wisdom, though it's phrased a bit more intelligently now.

So Ed in my judgment was a year off, and the shortage of course wasn't
caused by the assertion but by the gas rationing.

You can ration by administrative fiat, as Carter did, or you can
ration by price, as Reagan did. Price works better. My heart really
bleeds when I see those TV film clips about the suffering American
middle class paying $100 to fill up its SUV. I bought my first new car
in 1962. It was a VW Beetle that got 30 mpg. (Yeah, yeah, dangerous as
hell. I get the sweats when I look at a Beetle today and recall that I
drove that thing twice across the country.) I've always had
fuel-efficient cars, and while I don't particularly care to spend
$3.50 a gallon, I'll pay it if that's what it takes to clear the
market.


Blue skies! -- Dan Ford

Claire Chennault and His American Volunteers, 1941-1942
new from HarperCollins www.FlyingTigersBook.com

On Sat, 26 Apr 2008 06:56:22 -0400, Cubdriver usenet AT danford DOT
net wrote:

On Thu, 24 Apr 2008 07:54:26 -0500, Mark Sieving
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Actually, I recall it as "twenty-five years".

It was much cited around here, where Onassis wanted to build an oil
refinery. No point, went the argument; there would be no oil left in
twenty-five years.

But who in the Carter administration said this, when, and in what
context?

In Mark Sieving
wrote:

On Sat, 26 Apr 2008 06:56:22 -0400, Cubdriver usenet AT danford DOT
net wrote:

On Thu, 24 Apr 2008 07:54:26 -0500, Mark Sieving
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Actually, I recall it as "twenty-five years".

It was much cited around here, where Onassis wanted to build an oil
refinery. No point, went the argument; there would be no oil left in
twenty-five years.

But who in the Carter administration said this, when, and in what
context?

You'll have to ignore for a moment the fact that Carter didn't take
office 'til 1977, so no statement of his administration could have
caused an oil shortage in 1976.

Still:

Jimmy Carter
The Energy Problem: Address to the Nation.
April 18th, 1977

The oil and natural gas that we rely on for 75 percent of our
energy are simply running out. In spite of increased effort,
domestic production has been dropping steadily at about 6
percent a year. Imports have doubled in the last 5 years. Our
Nation's economic and political independence is becoming
increasingly vulnerable. Unless profound changes are made to
lower oil consumption, we now believe that early in the 1980's
the world will be demanding more oil than it can produce.

http://www.presidency.ucsb.edu/ws/print.php?pid=7369


--
Bert Hyman St. Paul, MN

On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:



You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.
And don't forget his 55 MPH national speed limit to save us oil.

I'm pretty darn sure the Carter administration did not take office
until January, 1977. The oil crisis that caused the enaction of the
55mph speed limit happened in 1973.

David Phillips wrote:
On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:


You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.
And don't forget his 55 MPH national speed limit to save us oil.

I'm pretty darn sure the Carter administration did not take office
until January, 1977. The oil crisis that caused the enaction of the
55mph speed limit happened in 1973.

How dare you cite facts that contradict Professor Ed's dogma? The fact
that he's two Presidents off does nothing to diminish the elegance of
his reasoning.

Cheers

==bob

On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:

On Wed, 23 Apr 2008 16:43:37 -0700, Dan wrote:

Ed Rasimus wrote:
On Wed, 23 Apr 2008 09:42:23 -0600, "Glenn Dowdy"
wrote:

"Ed Rasimus" wrote in message
...

Carter cut programs in the military aggressively, froze promotions and
military pay/allowances for three of his four years, gave us 22%
inflation and an 18% prime interest rate,
How did a president 'give' us those rates?

Glenn D.

Generally the state of the economy is attributed to the economic
policies of the incumbent president. (Recall Clinton's claim of
leaving a balanced budget and reducing the national debt? Notice the
attribution of the current market decline, AKA recession, to Bush tax
cuts? Recall the Reagan tax cuts followed by increases in federal
revenue followed by a spending orgy by the Congress?)

If you take office with 4% inflation and 6% interest rates and in four
years without a major cultural shock like a 9/11 or significant war
the inflation rate has skyrocketed and interest rates make home owners
instantly "wealthy" but home buyers turn into apartment seekers, you
take the blame.

If your successor cuts taxes and within three years the indicators are
significantly reversed, we can assume a cause/effect relationship.

Ed Rasimus
Fighter Pilot (USAF-Ret)
"When Thunder Rolled"
www.thunderchief.org
www.thundertales.blogspot.com

Yeah, no oil embargoes or OPEC cartels raising prices at all... No
major revolutions in the oil patch...

D'oh!

Dan

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.
And don't forget his 55 MPH national speed limit to save us oil.

OFCS Ed, put a sock in it. The 55 limit came in '74, Nixon was
still president. The out by 2000 was during the Ford admin.

It's time for you to recognise your irrational hatred of the man
and start looking things up.


Peter Skelton

Peter Skelton wrote:


...recognise your irrational hatred of [Carter]
and start looking things up.


Sure, there are plenty of rational reasons to dislike Carter, in
addition to his being a Democrat.

Apparently knows from peanuts, probably make a mediocre carpenter, must
have been adequate on nuclear power plants in subs, but wasn't effective
with Iran, can't keep his fingers out of the ME pie, and generally
looks, at best, like a well-intentioned micro-manager with a Messiah
complex.


Jack