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Thread: Oil rises above $90 amid US crude supply drop

  1. #851
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    drill baby drill is nothing but a campaign slogan.
    and it's a WINNER

    which of us is bitching about the price of gas?
    that'd be the american consumer

    Consumer Confidence Dips Amid Higher Gas Prices : NPR

    seeya at the polls, pal

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    And which of us is bitching about the price of gas? Laugh baby laugh!!!

    Who's bitching? The P/U is a 6cyl. and the big truck, well, I just pass that price along to....Ahem....You...heheheh


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post

    I hope we last two more years.
    Have no worries, j-mac, if we can survive George Bush (and we did ... barely), we can survive anyone.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    Have no worries, j-mac, if we can survive George Bush (and we did ... barely), we can survive anyone.
    Bush was a hell of a lot better than this cream puff.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post

    No record unemployment ???? You really need to read up a little on the late 1970s.
    What's your recollection of when the unemployment rate was higher -- during the late 70's or during the early 80's?

    Quote Originally Posted by Gill View Post

    Don't you remember reading that unemployment under Obama is the worst it's been since the early 1980s. That's the recession that Carter started and Reagan ended.
    Umm, that recession began in late 1981. GDP in Q4-1980 was 7.6% and 8.6% in Q1-1981. If you're going to blame a president for that recession, it's at the feet of Reaagan, not Carter.
    Last edited by Sheik Yerbuti; 03-30-11 at 04:14 PM.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    Bush was a hell of a lot better than this cream puff.

    j-mac
    By what measures?

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    What's your recollection of when the unemployment rate was higher -- during the late 70's or during the early 80's?


    Umm, that recession began in late 1981. GDP in Q4-1980 was 7.6% and 8.6% in Q1-1981. If you're going to blame a president for that recession, it's at the feet of Reaagan, not Carter.
    Bwaaaaa, you've got to be kidding. The economy was in the toilet when Reagan took office.

    Go read a history book because it's obvious you weren't alive then.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post

    Bwaaaaa, you've got to be kidding. The economy was in the toilet when Reagan took office.

    Go read a history book because it's obvious you weren't alive then.
    GDP in consecutive quarters of +7.6% and +8.6% respectively is your definition of "in the toilet??" Wow,

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Sheik Yerbuti View Post
    GDP in consecutive quarters of +7.6% and +8.6% respectively is your definition of "in the toilet??" Wow,
    Yep, I was right and you weren't even a gleam in your old pop's eye then. The Misery Index was over 20 in Carter's last year in office, the highest ever. Then it went steadily down after Reagan took office. It was just about impossible to buy a house back then because of the interest rates. It took Reagan a couple years to bring them down and I bought my first house in 1983.

    But, I guess the people did really hate Reagan. After all he only won 49 out of 50 states in 1984. If they'd really liked him, maybe he would have won Mondale's Minnesota.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Oil rises above $90 amid US crude supply drop

    from pbs' suggested lesson plans for slow learners:

    The poor economic record of the Carter years -- and in particular, the unusual combination of high inflation and high unemployment -- was an important reason for Carter's loss of popularity and his 1980 defeat. Using the data in the table below, draw a graph with two lines: one representing the change in inflation between 1973 and 1980, and the other representing the change in unemployment during that period. Be sure to label both lines. Then draw another graph representing the change in the "misery index" for the period. (The misery index is the sum of the inflation rate and unemployment rate for a given year.) What do these graphs suggest about the success of Carter's economic policies?
    WGBH American Experience . Jimmy Carter . Teacher's Guide | PBS
    Last edited by The Prof; 03-30-11 at 04:32 PM.

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