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Originally Posted by classicman
Really. Those Jimmy carter years were great weren't they. Ahhh, good times.
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Political agendas and the resulting overt lies are still alive and well. We know exactly why Jimmy Carter's administration suffered tremendous economics downturns. Another anti-American who was also in denial - Richard Nixon - spent massive moneys on lies - the Vietnam war. When did the debts come due? 1975. When do Mission Accomplished debts come due? Now. How many times must we relive history. And still extremists deny that reality.
Rather than admit or fix the problems he created in 1968, Nixon did things stupid just as laws that made price increases illegal - price controls. How many remember that history. Rather than admit or fix the problem, Gerald Ford simply made it worse. At first he admitted American incomes and living standards must decrease massively to pay for Vietnam, et al. But his advisors talked him out of it. So the entire Gerald Ford economic solution was buttons that read "WIN" (for Whip Inflation Now).
Those who are moderates - and therefore live in the world of reality - learned from history. Jimmy Carter did what was necessary so many years earlier. Volker raised interest rates. 20+% interest rates - punish all Americans for the excesses of anti-American Americans. America continued suffering from the necessary recession in 1981 and 1982. Reagan continued to fix the economy with tax increases in 1983, 1984, and 1987.
Jimmy Carter did what was necessary. It cost him the presidency. Those who know by first learning facts understand the destruction of America created by Nixon's refusal to surrender in Vietnam. And what Jimmy Carter finally did to fix the resulting economic disaster. Amazing how so many listen to political extremists rather than learn facts from history. Posted are those facts including when spread sheets finally report a man made economic calamity.