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Thread: US economy creates 243,000 jobs in January

  1. #1721
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Yes, no one denies that inflation was high. That is WHY he and Volcker put the economy into recession: to bring inflation down.
    Did Reagan put the country in recession in 1980? Conditions did not improve until Reagan economic policies took place and that is a fact

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Did Reagan put the country in recession in 1980? Conditions did not improve until Reagan economic policies took place and that is a fact
    I swear, you have no credibility at all, Reagan had nothing to do with the 20% prime interest rates in 1980 as he never took office until January 21, 1981. back to the drawing board or at least try to educate yourself
    Both you and Sheik are both showing your age as well as you ignorance

    Prime Interest Rate History

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Did Reagan put the country in recession in 1980? Conditions did not improve until Reagan economic policies took place and that is a fact
    Try to pay attention. Reagan and Volcker created the '81-82 recession -- on purpose -- to control inflation. It was the correct policy. Certainly Reagan inherited a crappy economy from Carter, just as Obama inherited an even crappier economy from Bush.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Try to pay attention. Reagan and Volcker created the '81-82 recession -- on purpose -- to control inflation. It was the correct policy. Certainly Reagan inherited a crappy economy from Carter, just as Obama inherited an even crappier economy from Bush.
    And exactly what did Reagan do to cause the prime interest rate to go up to 20% in 1980 when he wasn't even in office until January 21, 1981? Higher intererst rates are supposed to control inflation and Reagan wasn't even in the Federal Government in 1980? You full of crap if you believe that the American people were worse off in January 2009 than January 1981, that is total ignorance and someone who wasn't old enough to even know about 1980

    http://www.wsjprimerate.us/wall_stre...te_history.htm

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Try to pay attention. Reagan and Volcker created the '81-82 recession -- on purpose -- to control inflation. It was the correct policy. Certainly Reagan inherited a crappy economy from Carter, just as Obama inherited an even crappier economy from Bush.
    Absolutely astounding, Reagan takes office with the American people paying record interest rates of 20% and they were better off than when Obama took office with an interest rate of a little over 3%? You obviously don't have a clue how foolish you sound

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    My bet is you were playing with transformers during the 1980 election campaign and weren't paying any attention to the economic conditions. Instead you act like an expert again on a topic you know nothing about.
    Last time you made a bet like that, I took it immediately but unfortunately for me, you ran away from your own bet.

    So now, once again, I accept that bet. How about $1,000? If not cash, how about forum time? If I can prove you wrong, you cease posting on this forum for 1 year?

    It's put up or shut up time, Con.





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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    And exactly what did Reagan do to cause the prime interest rate to go up to 20% in 1980 when he wasn't even in office until January 21, 1981? Higher intererst rates are supposed to control inflation and Reagan wasn't even in the Federal Government in 1980? You full of crap if you believe that the American people were worse off in January 2009 than January 1981, that is total ignorance and someone who wasn't old enough to even know about 1980

    Prime Interest Rate History
    What he did was support Volcker's tight monetary policy when he did come into office. He backed Volcker and then rewarded him by appointing him to another term as Fed chief.
    Last edited by AdamT; 02-27-12 at 01:01 PM.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Last time you made a bet like that, I took it immediately but unfortunately for me, you ran away from your own bet.

    So now, once again, I accept that bet. How about $1,000? If not cash, how about forum time? If I can prove you wrong, you cease posting on this forum for 1 year?

    It's put up or shut up time, Con.




    It really would be a lot smarter for you to actually shut up and get back on topic. Thanks for pointing out that Jimmy Carter had better numbers than Obama and Carter is called the worst President in Modern history. Still waiting for how Reagan and Volker got together and raised interest rates to 20% in 1980 before Reagan took office? Keep diverting, Sheik for that is all an Obama supporter can do. Remember Obama loves you and people like you as he laughs his ass off at how foolish he is making you look

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    What he did was support Volcker's tight monetary policy when he did come into office. He backed Volcker and then rewarded him by appointing him to another term as Fed chief.
    And after he took office economic policies were implemented in August 1981 that actually brought us back onto the road to recovery and led to interest rates dropping and people having more personal income. Reagan showed the leadership Obama can only dream about but is too arrogant to emulate.

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    Re: US economy creates 243,000 jobs in January



    Well since you swear, you must be right. Who am I to argue with that?


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