13 Dec 2016 9:07 pm
Run for your life, Dim.Cannonpointer » 13 Dec 2016 8:59 pm » wrote:the usual obscenities and BS.
As utterly stupid as it sounds, the board psychotic claims that Carter out performed Reagan on the economy.
Yes, Carter did manage a few positive accomplishments, but overall he was a disaster.
Under Reagan, the economy improved the most, and under Carter most measures declined.
When President Carter took over from President Ford, the economy was growing rapidly after a severe recession, but inflation was very high. Carter then appointed the hapless G. William Miller as Fed Chairman, who managed to give us record inflation (13.3 percent CPI) in 1979. The Carter economic team flailed about, changing policies every few months, which resulted in a recession in 1980 and set the stage for a major recession in 1982, as the new Fed Chairman (appointed by Carter near the end of his term) Paul Volcker ratcheted down monetary growth to wring inflation out of the economy.
https://www.cato.org/publications/comme ... c-legacies
