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07-07-2009, 07:24 PM
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Senior Member
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Join Date: Jul 2007
Location: Marion, IA
1,404 posts, read 697,241 times
Reputation: 479
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So this is what the Carter years were like?
1975-82 era. My parents tell me it was BAD but they pulled thru. What was it like back then? Anybody care to share?
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07-07-2009, 07:28 PM
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Unapolagetic Liberal Thugster
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Join Date: May 2007
4,586 posts, read 1,165,388 times
Reputation: 892
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Quote:
Originally Posted by zz4guy
1975-82 era. My parents tell me it was BAD but they pulled thru. What was it like back then? Anybody care to share?
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Damn..did your parents tell you that Presidents serve 4 year terms not 7? So this must still be the Bush era right? |
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07-07-2009, 07:30 PM
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Senior Member
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Join Date: Jul 2007
Location: Marion, IA
1,404 posts, read 697,241 times
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Correction. What were 100% of the Carter years like and 20% of the Reagan years?
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07-07-2009, 07:30 PM
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Senior Member
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Join Date: Nov 2008
864 posts, read 210,026 times
Reputation: 477
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For one, interest rates went through the roof (21.5 %)!
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07-07-2009, 07:37 PM
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1/20/09 Destruction of US - Proceeding as planned
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Join Date: May 2007
Location: Chicagoland
19,139 posts, read 5,660,070 times
Reputation: 2399
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Gasoline shortages - long, long lines.
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07-07-2009, 07:38 PM
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Senior Member
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Join Date: Apr 2009
454 posts, read 125,473 times
Reputation: 237
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Gas rationing, the attendent fist fights, inflation so bad that you could make money by purchasing something on a store credit card, depositing the money in an interest bearing account, and then paying by the end of the thirty day grace period.
13% mortgage rates IIRC. People would pull the trigger and buy because they feared if they waited, rates would raise to 15%.
And the government cheese! Price stabilization/bailout meets class resentment.
I distinctly remember (apocryphal) stories of folk being beaten with 'em.
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07-07-2009, 07:38 PM
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Senior Member
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Join Date: Apr 2008
1,061 posts, read 498,534 times
Reputation: 310
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I was a kid during the Carter years so I was too young to look back on "better days" back then. The recession, the gas shortage, doing more with less was just a fact of life. We actually had a lot of fun during those years, my family just didn't spend too much money doing it. We had picnics at local parks, caught fire flies at night, went on hikes in the mountains, went swimming. My parents both worked and they tended a respectable vegetable garden during their off time.
That said, my parents didn't like Carter very much.
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07-07-2009, 07:41 PM
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Senior Member
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Join Date: Apr 2009
454 posts, read 125,473 times
Reputation: 237
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And kugerrands! Apartheid South Africa's investment vehicle! Oh, the fights that one started!
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07-07-2009, 07:45 PM
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Senior Member
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Join Date: May 2009
1,680 posts, read 528,573 times
Reputation: 1169
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From that $0.82 a gallon price of gasoline in the photo with the long lines.
From an inflation calculator.
What cost $0.82 in 1979 would cost $2.40 in 2008.
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07-07-2009, 07:49 PM
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Senior Member
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Join Date: Jul 2007
Location: Marion, IA
1,404 posts, read 697,241 times
Reputation: 479
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Quote:
Originally Posted by nicet4
From that $0.82 a gallon price of gasoline in the photo with the long lines.
From an inflation calculator.
What cost $0.82 in 1979 would cost $2.40 in 2008.
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Yeah. But nowadays we must get twice the average MPGs out of our vehicles. |
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