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Thread: CNN poll: 52% say Obama doesn't deserve reelection in 2012

  1. #211
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    So he was lying about paying 20% for a mortgage?

    Typical.
    Your apology is accepted.

    Looming Interest Rates Make You Wish For Jimmy Carter

    Jimmy Carter's presidency nearly crippled this nation. With mortgage interest rates in the 20% range our economy was on the verge of collapse.
    For those who think that low interest rates will never end, the 1950's should be consulted. During August of 1955, interest rates for lending were 3.25% as well. Over time, they rose steadily to 10% in 1973 under President Nixon and topped out at over 20% at the end of President Carter's term
    .

    Volcker was Carter's second appointment to the Fed. His first appointment was G. William Miller. Under Miller, the CPI went from 4.9% in 1976 to 13.3% in 1979. Miller was Carter's first mistake. His next mistake was not allowing Volcker, a Nixon holdover, to run the Fed as it should have been.

    Volcker did not clamp down on the money supply until after the 1980 election. Before that, Carter wouldn't allow Volcker to implement a tight money policy.

    Carter was a mistake and a knee jerk reaction by the voters, just as Obama was in 2008.

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





  2. #212
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    Reagans first term was worse than Carters.
    Quote Originally Posted by USA-1
    I will stop blaming Bush when you acknowledge the fact that Obama inherited the worst economy since the Great Depression.
    Is it necessary for me to post the definition of "hypocrisy"???

    I don't, because the two quotes above define it perfectly.

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





  3. #213
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    Is it necessary for me to post the definition of "hypocrisy"???

    I don't, because the two quotes above define it perfectly.
    Only in your world of denial.

    Carter inherited a mess from Nixon/Ford and Reagan inherited a mess from Carter just as Obama inherited a mess from Bush. The facts speak for themselves.


    Are you still claiming you mortgage rates were 20% under Carter?
    Last edited by USA_1; 02-25-10 at 03:02 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  4. #214
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    Only in your world of denial.
    Gotcha....

    Reagan is responsible for Carters economic mess, but Obama is not responsible for the one we have now....

    Yeah, keep telling yourself that. You might find someone to buy it.

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





  5. #215
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    Gotcha....

    Reagan is responsible for Carters economic mess, but Obama is not responsible for the one we have now....

    Yeah, keep telling yourself that. You might find someone to buy it.
    I never said Reagan was responsible for the mess he inherited, just as Carter was not responsible for the mess Nixon/Ford handed him. Understand now?
    Last edited by USA_1; 02-25-10 at 03:04 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  6. #216
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    Your apology is accepted.



    .

    Volcker was Carter's second appointment to the Fed. His first appointment was G. William Miller. Under Miller, the CPI went from 4.9% in 1976 to 13.3% in 1979. Miller was Carter's first mistake. His next mistake was not allowing Volcker, a Nixon holdover, to run the Fed as it should have been.

    Volcker did not clamp down on the money supply until after the 1980 election. Before that, Carter wouldn't allow Volcker to implement a tight money policy.

    Carter was a mistake and a knee jerk reaction by the voters, just as Obama was in 2008.
    really? prove 20% rates.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  7. #217
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by liblady View Post
    really? prove 20% rates.
    He can't. Because it didn't happen. Neo-cons are great are writing their own history.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  8. #218
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by liblady View Post
    really? prove 20% rates.
    I was off one year. It took Reagan and Volcker a couple of years to get it down and I bought my first house for 12% in the mid 1980s.
    The federal funds rate, which had averaged 11.2% in 1979, was raised by Volcker to a peak of 20% in June 1981. The prime rate rose to 21.5% in '81 as well.
    [ame=http://en.wikipedia.org/wiki/Volcker]Paul Volcker - Wikipedia, the free encyclopedia[/ame]



    Any more questions???

    • "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: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    I never said Reagan was responsible for the mess he inherited, just as Carter was not responsible for the mess Nixon/Ford handed him. Understand now?
    Now who's lying ??

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





  10. #220
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by liblady View Post
    really? prove 20% rates.
    As Jimmy Carter stepped before the television cameras in the East Room of the White House last Friday, his task was not just to proclaim another new anti-inflation program but to calm a national alarm that had begun to border on panic. Inflation and interest rates, both topping 18%, are so far beyond anything that Americans have experienced in peacetime—and so far beyond anything that U.S. financial markets are set up to handle—as to inspire a contagion of fear. Usually confident businessmen and bankers have begun talking of Latin American-style hyperinflation, financial collapse, major bankruptcies, a drastic drop in the American standard of living.
    Jimmy Carter vs. Inflation - TIME

    Led by Volcker, the Federal Reserve raised the discount rate from 10% when Volcker assumed the chairmanship in August 1979 to 12% within two months.[24] The prime rate hit 21.5% in December 1980, the highest rate in U.S. history under any President.[25] Carter admitted in February 1980 that inflation had reached a "crisis stage."[21] Investments in fixed income (both bonds and pensions being paid to retired people) were becoming less valuable. The high interest rates would lead to a sharp recession in the early 1980s.[26]
    [ame=http://en.wikipedia.org/wiki/Presidency_of_Jimmy_Carter]Presidency of Jimmy Carter - Wikipedia, the free encyclopedia[/ame]

    You can apologize now.
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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