He who laughs last!

[Bonestorm]

""They both inherited governments and economies devestated by Republican incompetence and implemented the unpopular policy's that corrected the problems.""


This was Mott's comment that SF responded to. Would you like to show your statistics or evidence of what unpopular policies Carter implemented to fix the economy that Nixon/Ford destroyed?

Let's assume that Mott was incorrect. How does that let SF off the hook for also being incorrect?

 

[Damocles]

They also have this in common. They both inherited governments and economies devestated by Republican incompetence and implemented the unpopular policy's that corrected the problems.

And they'll have one more thing in common once Romney is inaugurated. They'll both have been bailed out for making the bad worse by a republican.

 

[cawacko]

Let's assume that Mott was incorrect. How does that let SF off the hook for also being incorrect?

I wasn't really making an assumption of Mott being right or wrong as I was curious to hear the defense of it (regarding President Carter and the mess left by Nixon/Ford). I didn't see anything being discussed or debated regarding Carter vs. Reagan.

 

[Bonestorm]

dear polly... as I stated, Reagan inherited a terrible ECONOMY from Carter. Just as I stated. Double digit inflation, interest rates, high unemployment. I did not state that Reagan did not have any periods of high unemployment, nor did I state that the economy was in the technical definition of a recession.

Now, do you have anything that actually pertains to my comments or do you plan to continue creating straw men?

Inflation was ebbing down from its peak under Carter. Interest rates were high to bring inflation under control. These are FED policies, not policies of the President. In fact, under Reagan the FED pursued the same policies bring the economy to its knees.

And while you didn't make a direct comparison, whether an economy is "terrible" or not is a relative term and invites comparison. If the economy was terrible when Reagan inherited it, he made it a whole hell of a lot worse before it got better. Yet, you praise Reagan while heaping scorn on Carter.

In reality, Carter was a victim of bad timing, while Reagan wasn't.

 

[Bonestorm]

I wasn't really making an assumption of Mott being right or wrong as I was curious to hear the defense of it (regarding President Carter and the mess left by Nixon/Ford). I didn't see anything being discussed or debated regarding Carter vs. Reagan.

Mott can speak for himself. I'm simply commenting on SF's take on Carter. He's just plain wrong.

 

[Cancel 2016.2]

Let's assume that Mott was incorrect. How does that let SF off the hook for also being incorrect?

For starters, I was not incorrect. You simply created a straw man and then knocked it down.

 

[Cancel 2016.2]

Mott can speak for himself. I'm simply commenting on SF's take on Carter. He's just plain wrong.

Go back and read what I stated Polly... you are flat out creating a straw man... you are not addressing what I stated.

 

[Cancel 2016.2]

Inflation was ebbing down from its peak under Carter.

ROFLMAO... inflation averaged 11.3% in 1979 and 13.5 in 1980. Yes, it was down slightly from its peak by the end of 1980, but it was still DOUBLE DIGITS. Why do you continue to play your little games Polly? I stated that Carter had double digit inflation that he passed on to Reagan. He did. Now you try to change it to 'well, it wasn't at his peak, therefore I am going to pretend SF was wrong'.

Interest rates were high to bring inflation under control. These are FED policies, not policies of the President.

LMAO... double digit interest rates with high inflation for over two years Polly. also, take a close look at the Fed Funds rate. Volcker tried to escalate interest rates to kill inflation, then suddenly reversed course in mid 1980... an election year... hmmm.. yeah... ok Polly. All of this does not change the FACT that Reagan inherited double digit inflation and double digit interest rates AS I STATED. Which you proclaimed to be wrong.

In fact, under Reagan the FED pursued the same policies bring the economy to its knees.

so after pretending the President has no influence over Fed Policy, you now proclaim the Feds actions 'under Reagan' to have brought the economy to its knees?

Do you even remember the late 70's Dung? The economy was in shambles due to Carters double digit inflation. Sorry Polly, but no matter how much you squawk, it will not change the FACT that Reagan inherited a horrid economy.

And while you didn't make a direct comparison, whether an economy is "terrible" or not is a relative term and invites comparison. If the economy was terrible when Reagan inherited it, he made it a whole hell of a lot worse before it got better. Yet, you praise Reagan while heaping scorn on Carter.

You just stated that it is Fed policy and not the President. Seriously... can you keep your story straight?

Yes, things got worse in terms of unemployment as Reagan did what Carter would not. He let Volcker jack rates until it beat inflation. He, unlike Carter, took the pain and got the economy back on track. The economy then was booming by his re-election in 1984, which is why he won in a landslide.

In reality, Carter was a victim of bad timing, while Reagan wasn't.

LMAO @ Polly... you seriously are the biggest Dem apologist to ever walk this earth. A victim of bad timing... ROFLMAO...

 

[PostmodernProphet]

They also have this in common. They both inherited governments and economies devestated by Republican incompetence and implemented the unpopular policy's that corrected the problems.

lol.....sorry, but Carter's problems were all his own.....

 

[Bonestorm]

ROFLMAO... inflation averaged 11.3% in 1979 and 13.5 in 1980. Yes, it was down slightly from its peak by the end of 1980, but it was still DOUBLE DIGITS. Why do you continue to play your little games Polly? I stated that Carter had double digit inflation that he passed on to Reagan. He did. Now you try to change it to 'well, it wasn't at his peak, therefore I am going to pretend SF was wrong'.

I didn't say it wasn't double digits. I said it peaked and was ebbing down when Reagan was inaugurated. It was improving not worsening.

LMAO... double digit interest rates with high inflation for over two years Polly. also, take a close look at the Fed Funds rate. Volcker tried to escalate interest rates to kill inflation, then suddenly reversed course in mid 1980... an election year... hmmm.. yeah... ok Polly. All of this does not change the FACT that Reagan inherited double digit inflation and double digit interest rates AS I STATED. Which you proclaimed to be wrong.

No, I didn't proclaim that. I said that interest rates were high to get inflation under control and that it's really odd to bitch about both. What is most striking about your claims here are that you supported these policies under Reagan but really really think Carter was the worst president ever because Volker started them under Carter.

so after pretending the President has no influence over Fed Policy, you now proclaim the Feds actions 'under Reagan' to have brought the economy to its knees?

I didn't say that the President has no influence on FED policy. The President doesn't set FED policy. Also, too, "under Reagan" as in "while Reagan was President." And yes, the FED's actions under Reagan did bring the economy to its knees.

Do you even remember the late 70's Dung? The economy was in shambles due to Carters double digit inflation. Sorry Polly, but no matter how much you squawk, it will not change the FACT that Reagan inherited a horrid economy.

The economy wasn't as bad as it was during Reagan's first two years. If the economy under Carter was horrid, what do you call in from 1981 - 1983?

You just stated that it is Fed policy and not the President. Seriously... can you keep your story straight?

Yes, things got worse in terms of unemployment as Reagan did what Carter would not. He let Volcker jack rates until it beat inflation. He, unlike Carter, took the pain and got the economy back on track. The economy then was booming by his re-election in 1984, which is why he won in a landslide.

LOL. I love the whole "Reagan let Volker" schtick. It's hilarious.

LMAO @ Polly... you seriously are the biggest Dem apologist to ever walk this earth. A victim of bad timing... ROFLMAO...

If Reagan took office in 1978 instead of 1980, he would have been a one term president.

 

[PostmodernProphet]

Let's assume that Mott was incorrect. How does that let SF off the hook for also being incorrect?

more importantly, how does it let either Carter or Obama off the hook for being so horribly incorrect......

 

[Cancel 2016.2]

Let's assume that Mott was incorrect. How does that let SF off the hook for also being incorrect?

Yes Polly... you most certainly did say I was wrong. You have yet to show us where it is that I was wrong.

 

[Bonestorm]

Yes Polly... you most certainly did say I was wrong. You have yet to show us where it is that I was wrong.

Did you miss post #15 or something?

 

[Cancel 2016.2]

I didn't say it wasn't double digits. I said it peaked and was ebbing down when Reagan was inaugurated. It was improving not worsening.

No, I didn't proclaim that. I said that interest rates were high to get inflation under control and that it's really odd to bitch about both. What is most striking about your claims here are that you supported these policies under Reagan but really really think Carter was the worst president ever because Volker started them under Carter.

I stated that Reagan inherited a terrible economy. I stated that he inherited double digit inflation and double digit interest rates. You then proclaimed I was wrong. Period.

I didn't say that the President has no influence on FED policy. The President doesn't set FED policy. Also, too, "under Reagan" as in "while Reagan was President." And yes, the FED's actions under Reagan did bring the economy to its knees.

Again Polly... the economy was already battered from Carters double digit inflation for a couple years coupled with high unemployment. The policy of the Fed under Reagan SOLVED the problem. Yes, things got worse before the improvements came. But the improvements did indeed come. Unlike the pathetic term of Carter, Reagan's first term improved the economy over all.

The economy wasn't as bad as it was during Reagan's first two years. If the economy under Carter was horrid, what do you call in from 1981 - 1983?

I call it worse, as Reagan had to spend time fixing the fuck ups of Carter. Unlike Obama, Reagan took the pain and solved the problem. The economy then healed. As I stated Polly, Reagan inherited a shitty economy. I never stated that things immediately improved. So why do you keep harping on this?

LOL. I love the whole "Reagan let Volker" schtick. It's hilarious.

As you yourself stated, the President has influence over the Fed. It is not a coincidence that the Fed drastically cut rates in mid 1980 (right before the election).

Carter did not let Volcker pursue his policy to conclusion. Reagan did. Despite the ass kicking Reps took in the mid terms.

If Reagan took office in 1978 instead of 1980, he would have been a one term president.

If Reagan took office in 1976 instead of 1980, he would have had the economy rolling by 1980. Putting Reagan in place for half a term is quite a sad little attempt to apologize for Carter Polly.

 

[Mott the Hoople]

I stated that Reagan inherited a terrible economy. I stated that he inherited double digit inflation and double digit interest rates. You then proclaimed I was wrong. Period.




Again Polly... the economy was already battered from Carters double digit inflation for a couple years coupled with high unemployment. The policy of the Fed under Reagan SOLVED the problem. Yes, things got worse before the improvements came. But the improvements did indeed come. Unlike the pathetic term of Carter, Reagan's first term improved the economy over all.



I call it worse, as Reagan had to spend time fixing the fuck ups of Carter. Unlike Obama, Reagan took the pain and solved the problem. The economy then healed. As I stated Polly, Reagan inherited a shitty economy. I never stated that things immediately improved. So why do you keep harping on this?



As you yourself stated, the President has influence over the Fed. It is not a coincidence that the Fed drastically cut rates in mid 1980 (right before the election).

Carter did not let Volcker pursue his policy to conclusion. Reagan did. Despite the ass kicking Reps took in the mid terms.



If Reagan took office in 1976 instead of 1980, he would have had the economy rolling by 1980. Putting Reagan in place for half a term is quite a sad little attempt to apologize for Carter Polly.

Jesus Christ himself couldn't have gotten elected President on the Republican ticket in 1976.

 

[Cancel 2016.2]

Did you miss post #15 or something?

LMAO... I saw it polly, but post 15 does not prove me wrong.

1) Did Reagan inherit double digit inflation? Yes or no Polly?
2) Did Reagan inherit double digit interest rates? Yes or no Polly?
3) Was unemployment high under Carter? Yes or no Polly?

As I stated... Reagan inherited a mess.

 

[Cancel 2016.2]

Jesus Christ himself couldn't have gotten elected President on the Republican ticket in 1976.

Which is unfortunate as it gave us the completely inept Jimmy Carter.

 

[Phantasmal]

I stated that Reagan inherited a terrible economy. I stated that he inherited double digit inflation and double digit interest rates. You then proclaimed I was wrong. Period.




Again Polly... the economy was already battered from Carters double digit inflation for a couple years coupled with high unemployment. The policy of the Fed under Reagan SOLVED the problem. Yes, things got worse before the improvements came. But the improvements did indeed come. Unlike the pathetic term of Carter, Reagan's first term improved the economy over all.



I call it worse, as Reagan had to spend time fixing the fuck ups of Carter. Unlike Obama, Reagan took the pain and solved the problem. The economy then healed. As I stated Polly, Reagan inherited a shitty economy. I never stated that things immediately improved. So why do you keep harping on this?



As you yourself stated, the President has influence over the Fed. It is not a coincidence that the Fed drastically cut rates in mid 1980 (right before the election).

Carter did not let Volcker pursue his policy to conclusion. Reagan did. Despite the ass kicking Reps took in the mid terms.



If Reagan took office in 1976 instead of 1980, he would have had the economy rolling by 1980. Putting Reagan in place for half a term is quite a sad little attempt to apologize for Carter Polly.

I love triple the national debt Reagan! Debt doesn't matter! Bring back Ronnie!

 

[Cancel 2016.2]

Jesus Christ himself couldn't have gotten elected President on the Republican ticket in 1976.

Also Mutt, it was Polly that said it was just 'bad luck/timing' for Carter.... which is nothing more than a feeble apology for how pathetic Carter was.

 

[Cancel 2016.2]

I love triple the national debt Reagan! Debt doesn't matter! Bring back Ronnie!

LMAO... who controls the purse strings Rana? oh yeah... Tip's House.

Reagan... $1.6 Trillion added to the debt
Clinton... $1.6 Trillion added to the debt

Both parties have been fiscally irresponsible. They have been since Ike.

That said, your little tantrum does not change one single fact about what I stated with regards to the pathetic Carter economy that Reagan inherited.