Inflation on the Rise - up 2% (status, world, welfare, country)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And he engineered the Camp David Agreement - which is probably America's greatest Middle East diplomatic achievement ever.
Ken
And the SALT II Treaty and the Panama Canal Treaty, each of which was also a significant diplomatic step forward. He also set up both the Departments of Education and Energy, and implemented the country's first nationl energy policy, which Reagan promptly threw in the trash can when he took over. Such a visionary, the Gipper was...
And the SALT II Treaty and the Panama Canal Treaty, each of which was also a significant diplomatic step forward. He also set up both the Departments of Education and Energy, and implemented the country's first nationl energy policy, which Reagan promptly threw in the trash can when he took over. Such a visionary, the Gipper was...
The department of education has been a marvelous success...
With interest rates at HISTORICALLY LOW LEVELS, the Fed is better positioned to fight inflation than at ANY TIME in my lifetime (at least) - maybe EVER.
Ken
LMAO
Read up on how Volcker tamed inflation and get back to us.
Yeah, and before that he oversaw Operation Eagle Claw, which was the single-most embarassing moment in the great history of the United States Military, of which I am a proud 15-year veteran.
Carter gave the go-ahead for a mission that had been described as a long-shot. The mission was overseen by the same military that had designed it. Apparently, they underestimated the effect of sand on helicopter engines.
Quote:
Originally Posted by Marksman84
Volcker's Fed did its best work betwen 1981 and 1983 and - yeah, who was President of the U.S. at that point? A REAL man's man.
Government by testosterone. What a laughable concept.
Quote:
Originally Posted by Marksman84
Funny you bring that up - what Reagan did in the Carter aftermath in the inverse of what Obama is doing after Bush - Reagan took a dismal economy and made it strong.
Reagan's initial policies were a complete disaster. We managed to make it back to health only after he changed course and passed a whole series of tax increases, including the 1982 increase that is still the largest peace-time tax increase in US history.
Quote:
Originally Posted by Marksman84
Obama took a dismal economy and fradulently let corporations continue to inflate the numbers while farming out jobs overseas as part the "let's apologize for America" world tour.
Actually, Obama's point men (Geithner and Bernanke, in particular) used some imaginative, on-the-fly, fancy footwork to pull the economy out of an inherited free fall and away from the brink of the awful abyss of global economic depression. A part of that of course was to pass the largest two-year tax cut in US history.
Quote:
Originally Posted by Marksman84
The United States of America will be one of the few nations in the world with solid economic/GDP growth and record unemployment.
No, the unemployment numbers from Reagan's frist term were quite a bit worse and more persistent than today's.
I guess no one bothered to read. Tough always being right.
Where did that 2% number come from? It's not in this morning's Commerce Department press release. That quite clearly says 1.3% which isn't 2% now matter how you slice it. The bottom line here is that you don't know as much as the first thing about this situation and took whatever flimsy piece of work you could find on the internet and cut and pasted it in here like you were making some sort of announcement or other. All you've done here with your wrong numbers and wrong concepts is again make yourself look like a hack.
LMAO
Read up on how Volcker tamed inflation and get back to us.
I ALREADY KNOW how he tamed inflation - he did so by raising interest rates - that's my WHOLE POINT. Right now, interest rates are NEAR ZERO - giving the Fed LOTS of room to raise those rates without them getting particularly high. If interest rates were already at say, 5%, then raising rates would really cripple the economy again - but with rates near ZERO, there's plenty of leeway to raise rates and STILL HAVE THEM FAIRLY LOW.
Try to keep up.
I ALREADY KNOW how he tamed inflation - he did so by raising interest rates - that's my WHOLE POINT. Right now, interest rates are NEAR ZERO - giving the Fed LOTS of room to raise those rates without them getting particularly high. If interest rates were already at say, 5%, then raising rates would really cripple the economy again - but with rates near ZERO, there's plenty of leeway to raise rates and STILL HAVE THEM FAIRLY LOW.
Try to keep up.
Ken
Pathetic. Interest rates will have to be closer to 30% to actually tame the inflation that is to come.
The decade started off at 14%, and by 1983 it was under 4%. It was between 1% and 4% for the rest of the decade. And since early in the Reagan presidency, inflation has been low and stable for almost 30 years, aside from a small rise to 6% during the brief 1990 recession.
Pathetic. Interest rates will have to be closer to 30% to actually tame the inflation that is to come.
LOL
Dream on.
There will be NO major inflation - none, nada, zip.
Any inflation that does crop up will be fairly tame and easily controlled.
Ken
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
