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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 |
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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 |
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On Apr 24, 10:40 am, J a c k wrote:
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 Is that with or without a contrary Congress? Couple of ME politicians were very happy for his fingers in the pie, both countries still are. |
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On Thu, 24 Apr 2008 09:40:21 -0500, J a c k
wrote: 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. You seem jealous. Peter Skelton |
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