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Old 07-07-2009, 06:24 PM
 
Location: Marion, IA
2,796 posts, read 5,474,915 times
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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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Old 07-07-2009, 06:28 PM
 
4,586 posts, read 4,868,277 times
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Quote:
Originally Posted by zz4guy View Post
1975-82 era. My parents tell me it was BAD but they pulled thru. What was it like back then? Anybody care to share?
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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Old 07-07-2009, 06:30 PM
 
Location: Marion, IA
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Correction. What were 100% of the Carter years like and 20% of the Reagan years?
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Old 07-07-2009, 06:30 PM
 
1,592 posts, read 3,080,195 times
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For one, interest rates went through the roof (21.5 %)!
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Old 07-07-2009, 06:37 PM
 
Location: Chicagoland
41,314 posts, read 39,485,841 times
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Gasoline shortages - long, long lines.

http://www.aliciapatterson.org/APF0403/Donovan/Donovan02.jpg (broken link)

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Old 07-07-2009, 06:38 PM
 
460 posts, read 711,610 times
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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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Old 07-07-2009, 06:38 PM
 
5,210 posts, read 9,096,480 times
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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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Old 07-07-2009, 06:41 PM
 
460 posts, read 711,610 times
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And kugerrands! Apartheid South Africa's investment vehicle! Oh, the fights that one started!
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Old 07-07-2009, 06:45 PM
 
Location: Grove City, Ohio
10,110 posts, read 12,326,867 times
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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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Old 07-07-2009, 06:49 PM
 
Location: Marion, IA
2,796 posts, read 5,474,915 times
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Quote:
Originally Posted by nicet4 View Post
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.
Yeah. But nowadays we must get twice the average MPGs out of our vehicles.
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