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Re: Snappy

By: killthecat in POPE | Recommend this post (0)
Fri, 15 Jun 12 3:39 AM | 65 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 61194 of 65535
(This msg. is a reply to 61193 by Zimbler0)
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Zim:

Yes he was. Carter wasn't a very good President. Of course, compared to Doofy and Obama, he looks like George Washington.

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The above is a reply to the following message:
Re: Snappy
By: Zimbler0 in POPE
Fri, 15 Jun 12 3:33 AM 		Msg. 61193 of 65535

KTC> What was the inflation rate in 1974, 1975 and 1976 prior to Carter becoming President?


I do not remember the rates . . .
But, those years, include the last years of the
Nixon administration. And Inflation was a problem
for Nixon.

1975 was the exodus of U.S. forces from Vietnam.
(I believe most of the fighting had stopped a year
or two before.)

Nixon had also gotten U.S. on the Moon.

So, in the years you mentioned, the major budget
busters (and technology enhancers) were pretty much
slowing down. (Vietnam was ending and NASA was
scaling back.) Yes - those were pre-Carter.

Carter would have been elected 1976 . . .
And Carter accelerated the cut backs in NASA and
defense.

Carter is the one who'se regime is credited for
the term 'Stagflation'.

And there is good reason for it.

Zim.

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