Carter Completely Vindicated On Stagflation
BretC...@peoplepc.com
Not that Carter was omniscient or anything but it's going to take some
really fancy footwork for rightards to blame Carter and not high oil
prices.
Bret Cahill
orang...@googlemail.com
the downturn you are talking about lasted from 1969 to 1982. The
economy did not recover until the market was allowed to correct itself
in the form of a recession.
Its a shame, but there's no way around it. if protectionism or tax and
spend policies worked we would never have another recession.
unfortuantly recessions are necessary to correct imbalances in an
economy. That's just how the world works.
Ralph
> On 17 Jul, 13:53, BretCah...@peoplepc.com wrote:
> > Carter lost the election to the Gipper because of stagflation.
> >
> > Not that Carter was omniscient or anything but it's going to take some
> > really fancy footwork for rightards to blame Carter and not high oil
> > prices.
> >
> > Bret Cahill
>
> the downturn you are talking about lasted from 1969 to 1982. The
> economy did not recover until the market was allowed to correct itself
> in the form of a recession.
Oh, Reagan doesn't get credit for his economy, but I bet Clinton gets
credit for his. Ok, got it.
Econotron
news:5fc4627e-6dfd-4fcc...@f36g2000hsa.googlegroups.com...
applied to Bush II? :-)
e.
Sid9
"Ralph" <nos...@noway.net> wrote in message
news:1ik7p4s.1yti2yh1waek8qN%nos...@noway.net...
Reagan's "economy" was done with irresponsible deficit spending and matching
tax cuts.
orang...@googlemail.com
president reagan takes the credit for ending stagflation. the price of
allowing the market to correct was a recession -
"The last decade has seen a series of recessions. There was a
recession in 1970, in 1974, and again in the spring of 1980. Each
time, unemployment increased and inflation soon turned up again. We
coined the word "stagflation" to describe this.
Government's response to these recessions was to pump up the money
supply and increase spending. In the last 6 months of 1980, as an
example, the money supply increased at the fastest rate in postwar
history--13 percent. Inflation remained in double digits, and
government spending increased at an annual rate of 17 percent.
Interest rates reached a staggering 21.5 percent. There were 8 million
unemployed...
...This time, however, things are different. We have an economic
program in place, completely different from the artificial quick fixes
of the past. It calls for a reduction of the rate of increase in
government spending, and already that rate has been cut nearly in
half." - president reagan http://www.gutenberg.org/dirs/etext04/surea11.txt
Patriot Games
wrote:
How many nuclear power plants have been built since Carter wimped out
after TMI?
What is the percent increase in foreign oil imports since Carter?
(200%)...
HughJorgan
> On Thu, 17 Jul 2008 05:53:18 -0700 (PDT), BretCah...@peoplepc.com
> wrote:
>
> >Carter lost the election to the Gipper because of stagflation.
> >Not that Carter was omniscient or anything but it's going to take some
> >really fancy footwork for rightards to blame Carter and not high oil
> >prices.
>
> How many nuclear power plants have been built since Carter wimped out
> after TMI?
>
> What is the percent increase in foreign oil imports since Carter?
> (200%)...
But,but,but,but,but Jimmuh has built homes and given them to "needy"
black families !! Does'nt that count???
catalpa
You are leaving out the fact that Carter beat Ford because of stagflation.
There was a very nasty recession from 1973 to 1975, along with increasing
inflation, that set up Carter's win.
All the left wingnuts blamed Ford for the bad economy because they said he
was a bumbling and stupid fool, but then the genius Carter came along and
made everything worse.
Deadrat
news:8v5v741k0fkpcqmt9...@4ax.com:
How many Chernobyls have there been since TMI?
It must be Carter's fault that our oil imports have increased.
Deadrat
387c82...@c58g2000hsc.googlegroups.com:
Are you saying that the families weren't needy? Or that they were black
and thus undeserving? Or that Habitat for Humanity should be an object of
ridicule?
Deadrat
news:vjNfk.383$gH4.347@trnddc05:
As much as I'd like to blame W for the current economic crisis, that
wouldn't make sense. The abdication of responsibility by W and his friends
who controlled the Congress for most his two terms certainly made things
worse, but the President doesn't have that much control over economic
cycles, especially in a global economy.
Now, wholesale undermining of the rule of law, *that*'s all W.
presidentbyamendment
> Carter lost the election to the Gipper because of stagflation.
BZZZZTT. Carter lost because of the Iran hostage crisis. Worst fucking
a
foreign country ever put on the USA, with the usual help from the
Bushes.
RH
Patriot Games
And I was remiss in forgeting to mention his cardigan-wearing fireside
chit-chats where he explained to the nation that winter will be over
soon and some day, maybe, he'll find a pair and get our people back
from the Iranians......
Had we continued at the very slow pace we had 40 years ago to building
nuclear power plants TODAY we'd be importing ZERO oil from ANYBODY.
Carter has done more to harm America than every other shithead
COMBINED.
Patriot Games
wrote:
><BretC...@peoplepc.com> wrote in message
>news:5fc4627e-6dfd-4fcc...@f36g2000hsa.googlegroups.com...
>> Carter lost the election to the Gipper because of stagflation.
>> Not that Carter was omniscient or anything but it's going to take some
>> really fancy footwork for rightards to blame Carter and not high oil
>> prices.
>There was a very nasty recession from 1973 to 1975, along with increasing
>inflation, that set up Carter's win.
>All the left wingnuts blamed Ford for the bad economy because they said he
>was a bumbling and stupid fool
Ford left that impression. In fact he was not elected, he was very
aware that he was not elected, and he felt he was therefore without a
mandate to lead. He expected the elected Congress to lead. He failed
to tell us citizens "Hey! I'm just keeping the chair warm!"
Of course, had he told us that we would have promptly lynched the
entire Senate......
>but then the genius Carter came along and
>made everything worse.
Fact.
Deadrat
W starts a war that kills over 4000 Americans and who-knows-how-many
Iraqis, hands the region to Iran, strips us of our allies, all the while
defying the law and putting bone-lazy, stump-stupid cronies in every
conceivable position of power. New Orleans drowns, and the financial
markets buckle. While this is going on, his cronies control Congress for
almost six of his benighted eight years.
And guess what? It's all Carter's fault.
Rightard, Carter has been gone from the political scene for almost three
decades.
The Trucker
> On 17 Jul, 15:42, nos...@noway.net (Ralph) wrote:
>> <orangata...@googlemail.com> wrote:
>> > On 17 Jul, 13:53, BretCah...@peoplepc.com wrote:
>> > > Carter lost the election to the Gipper because of stagflation.
>>
>> > > Not that Carter was omniscient or anything but it's going to take some
>> > > really fancy footwork for rightards to blame Carter and not high oil
>> > > prices.
>>
>> > > Bret Cahill
>>
>> > the downturn you are talking about lasted from 1969 to 1982. The
>> > economy did not recover until the market was allowed to correct itself
>> > in the form of a recession.
>>
>> Oh, Reagan doesn't get credit for his economy, but I bet Clinton gets
>> credit for his. Ok, got it.
>
> president reagan takes the credit for ending stagflation. the price of
> allowing the market to correct was a recession -
http://www.greatervoice.org/essays/MoneyForNothing.php
The only way that Reagan "takes credit" for ending stagflation is by
rightarded liars lying about it over and over again. "stagflation"
(recession plus inflation) was ended by Paul Volcker (a Carter appointee)
before Reagan ever waltzed into the White House. The gut wrenching
methodology of that assault on the inflation monster need not be repeated
but the rightards have so corrupted the economic realities with their
incessant lies that the politics of the situation are much more difficult
_NOW_ than they were back then.
> "The last decade has seen a series of recessions. There was a
> recession in 1970, in 1974, and again in the spring of 1980. Each
> time, unemployment increased and inflation soon turned up again. We
> coined the word "stagflation" to describe this.
http://www.greatervoice.org/essays/MoneyForNothing.php
Both "recessions" were Fed induced. And inflation was caused by the the
Kennedy tax cuts, the Vietnam war (with no tax hike), and the war on
poverty (with no tax hike). Nixon had no choice but to abandon the gold
standard or the oil people would have wrecked the American economy than
too. But the inflation caused by the Kennedy tax cuts and the Johnson
spending were the reality that caused the oil people to react.
> Government's response to these recessions was to pump up the money
> supply and increase spending. In the last 6 months of 1980, as an
> example, the money supply increased at the fastest rate in postwar
> history--13 percent. Inflation remained in double digits, and
> government spending increased at an annual rate of 17 percent.
> Interest rates reached a staggering 21.5 percent. There were 8 million
> unemployed...
There was a proper solution: TAXATION OF THE RICH and burn the money in
a furnace. It was not the chosen solution.
> ...This time, however, things are different. We have an economic
> program in place, completely different from the artificial quick fixes
> of the past. It calls for a reduction of the rate of increase in
> government spending, and already that rate has been cut nearly in
> half." - president reagan http://www.gutenberg.org/dirs/etext04/surea11.txt
Ronald Reagan presided over a huge handout to the very wealthy.
http://www.greatervoice.org/econ/glossary/Welfare_For_The_Rich.php
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
The Trucker
The solution to the problem was "workfare" as opposed to "welfare" and a
further reduction in military spending along with a return to the tax code
of 1958. The result would have been a huge government surplus that should
have been burned in a furnace -- end of inflation. And no special
treatment for capital gains in real estate. So Carter is not vindicated.
He did not do what he should have done. He hired Volcker as the hit man.
Ralph
> http://www.greatervoice.org/essays/MoneyForNothing.php
>
> The only way that Reagan "takes credit" for ending stagflation is by
> rightarded liars lying about it over and over again. "stagflation"
> (recession plus inflation) was ended by Paul Volcker (a Carter appointee)
> before Reagan ever waltzed into the White House.
BULLSHIT!@!@!
http://en.wikipedia.org/wiki/Image:US_Historical_Inflation.svg
> Ronald Reagan presided over a huge handout to the very wealthy.
The hand out was Woodrow Wilson turning the right to issue currency over
to a privately owned corporation known as the Federal Reserve owned by
12 families, some of which are in Europe which also has a central bank
in control of their currency, but for much longer. Soon after the Fed
was created these families bought up all major publications to squelch
any debate. Buying up the media goes hand in hand with taking over a
nation's currency.
Check out this Confederate note:
http://www.cynical-c.com/archives/003498.html
Notice that says "central bank" and not "treasury note". That should
give you a clue as to who caused the American Civil War.
The Fed caused the Great Depression by calling in loans in mass; As the
depression wore on these families bought up big corporations at pennies
on the dollar, but to prevent people who recieved this money use it to
buy gold, private ownership of gold was made illegal. This was similar
to the banking system in the 1700s in which Britian forced the American
colonies to use British currency, but pay their taxes in gold. This is
what they fought a revolution over, not some trivial tea tax.
Money, Banking & The Federal Reserve (42 minutes)
http://video.google.com/videoplay?docid=-466210540567002553
G Edward Griffin - Creature From Jekyll Island A Second Look at the
Federal Reserve (42 minutes)
http://video.google.com/videoplay?docid=6507136891691870450
Monopoly Men (Federal Reserve Fraud) (47 minutes)
http://video.google.com/videoplay?docid=-7065177340464808778
ZEITGEIST, The Movie - Official Release - Part 3 of 3 (47 minutes)
http://video.google.com/videoplay?docid=497251819335380093
(I don't recommend Zeitgeist parts 1 and 2 which are basically a fuzzy
logic anti-religion rant and 9-11 conspiracy theories, but he's right on
in his segment on the Fed)
FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution (59
minutes)
http://video.google.com/videoplay?docid=5232639329002339531
America: Freedom to Fascism - Director's Authorized Version (1 hour 51
minutes)
http://video.google.com/videoplay?docid=-1656880303867390173
The Money Masters - How International Bankers Gained Control of America
(3 hours 35 minutes)
http://video.google.com/videoplay?docid=-515319560256183936
Bret Cahill
> > Not that Carter was omniscient or anything but it's going to take some
> > really fancy footwork for rightards to blame Carter and not high oil
> > prices.
> The solution to the problem was "workfare" as opposed to "welfare" and a
> further reduction in military spending along with a return to the tax code
> of 1958. The result would have been a huge government surplus that should
> have been burned in a furnace -- end of inflation. And no special
> treatment for capital gains in real estate. So Carter is not vindicated.
> He did not do what he should have done. He hired Volcker as the hit man.
Carter can indeed be attacked by progressives. For decades the
working and middle classes improved under every other Democratic
president, Carter being the lone exception. To this day Carter tries
to pretend that a flood of illegals doesn't pull down the wages of the
working poor.
But this doesn't change the fact that the entire post 1980 GOP
despotism, the destruction of the middle class, the appearance of the
"Will WoRk for Food, God Bless" homeless, the disreputable judges, the
"tough talk on crime" demagoguery all hinged entirely on Repugs
whining about stagflation in the late 1970s.
Bret Cahill
The Trucker
> The Trucker <mik...@verizon.net> wrote:
>
>> http://www.greatervoice.org/essays/MoneyForNothing.php
>>
>> The only way that Reagan "takes credit" for ending stagflation is by
>> rightarded liars lying about it over and over again. "stagflation"
>> (recession plus inflation) was ended by Paul Volcker (a Carter appointee)
>> before Reagan ever waltzed into the White House.
>
> BULLSHIT!@!@!
>
> http://en.wikipedia.org/wiki/Image:US_Historical_Inflation.svg
Why do you think that another presentation that matches the presentation I
already put up will change the reality? The chart you present in no way
contradicts what I had already provided. Inflation peaked in 1980 and
started a very steep decline at that point a full 12 months prior to
Reagan even entering the oval office. Every thing Reagan did was
stimulative. Tax cuts do not stop inflation. There is no economist on
earth that would agree with such a statement.
>> Ronald Reagan presided over a huge handout to the very wealthy.
>
> The hand out was Woodrow Wilson turning the right to issue currency over
> to a privately owned corporation known as the Federal Reserve owned by
> 12 families, some of which are in Europe which also has a central bank
> in control of their currency, but for much longer.
Why not go all the way back to Napoleon? It does not matter who created
the Fed. The Fed can be uncreated or controlled by the elected government
at the behest of the people.
> Soon after the Fed
> was created these families bought up all major publications to squelch
> any debate. Buying up the media goes hand in hand with taking over a
> nation's currency.
And we still have fascism today. It is spelled R E P U B L I C A N.
<<< Historical conspiracy crap deleted due to boredom >>>
What stops us from taking our country back? It isn't lack of knowledge
concerning fascism. It is _OUR_ failure to insist on a proper
representation of ourselves in our government. We must take control of
our government. There is no other way to "fix" the Fed or anything else.
It will take a Democratic landslide and then an insistence of at least
doubling the membership of the House of Representatives.