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Don't forget that those double digit inflation rates on our debt was passed on to Reagan added to the deficits under Reagan each year, and his tax cuts and pro business attitude got inflation back under control.
Could you quit polluting my thread with your ignorance? It was Carter's policies, including appointing Paul Volcker to the Fed, which ended inflation, not Reagan, when those policies took effect. What Reagan did do was to use the national credit card to add to our debt like never before in peacetime to buy some 'prosperity'. Some things you didn't know:
"Even with a bad recession in 1980 to bring down the averages, employment rose sharply, the economy expanded at a healthy clip, personal incomes rose and federal deficits declined during Carter’s four years in office.
Of the presidents who’ve served in the past 40 years, only Clinton’s presidency saw faster job growth than Carter’s, and only Clinton had lower federal deficits.
Carter also took the first steps in deregulating the economy — such as the trucking, airlines, energy and banking industries — and was the first to propose that the United States ought to have an energy policy that would include strong conservation efforts and renewable energy sources."
Jimmy Carter deserves our thanks, not our scorn - MarketWatch