16 Feb 2014 8:06 am
So, these are the numbers you want but couldn't be bothered to provide?
I don't think these quite show the pattern you claim.
Did you want to comment on the debt numbers? I think they show a pretty clear picture too.
Year
GDP Growth Rate
Nom GDP (Bn)
GDP per Capita
Events
1974
-0.5%
$1,548.8
$25,898
Wage-price controls had created stagflation. Ford became President. Fed raised rate to 13% to fight 12.3% inflation.
1975
-0.2%
$1,688.9
$25,590
GDP fell 4.8% in Q1, unemployment peaked at 9%. Fed lowered rate to 7.5% despite 6.9% inflation.
1976
5.4%
$1,877.6
$26,707
Fed lowered rate to 4.75%. Inflation at 4.9%.
1977
4.6%
$2,086.0
$27,656
Carter became President. Inflation at 6.7%.
1978
5.6%
$2,356.6
$28,891
Fed raised rate to 10% to fight 9% inflation.
1979
3.2%
$2,632.1
$29,467
Fed raised rate to 15.5% to fight 13.3% inflation, then lowered it to 12% confusing price-setters. Iran hostage crisis. Three Mile Island disaster ends further nuclear construction in U.S.
1980
-0.2%
$2,862.5
$29,041
Fed raised rate to 20%. GDP dropped 7.9% in Q2. Fed lowered rate to 10% by August to boost economy, then raised it to 20% to fight 12.5% inflation. Iran oil embargo.
1981
2.6%
$3,210.9
$29,488
Reagan became President. Fed lowered rate to 12%. Inflation at 8.9%.
1982
-1.9%
$3,345.0
$28,638
To combat 1982 recession, the Garn-St. Germain Depository Institutions Act was passed, removing restrictions on loan-to-value ratios for Savings and Loan banks, while budget cuts reduced bank regulatory staff. Fed lowered rate to 8.5% since inflation was a moderate (in those days) 3.8%.
1983
4.6%
$3,638.1
$29,662
Unemployment was 10.8%. Reagan proposed Star Wars and increased military spending.
1984
7.3%
$4,040.7
$31,519
1985
4.2%
$4,346.7
$32,531
1986
3.5%
$4,590.1
$33,353
Reagan cut taxes. Chernobyl nuclear accident.
1987
3.5%
$4,870.2
$34,114
Black Monday stock market crash. Inflation at 4.4%.
1988
4.2%
$5,252.6
$35,196
Fed raised rate to 9.75% to combat 4.4% inflation.
I don't think these quite show the pattern you claim.
Did you want to comment on the debt numbers? I think they show a pretty clear picture too.
Year
GDP Growth Rate
Nom GDP (Bn)
GDP per Capita
Events
1974
-0.5%
$1,548.8
$25,898
Wage-price controls had created stagflation. Ford became President. Fed raised rate to 13% to fight 12.3% inflation.
1975
-0.2%
$1,688.9
$25,590
GDP fell 4.8% in Q1, unemployment peaked at 9%. Fed lowered rate to 7.5% despite 6.9% inflation.
1976
5.4%
$1,877.6
$26,707
Fed lowered rate to 4.75%. Inflation at 4.9%.
1977
4.6%
$2,086.0
$27,656
Carter became President. Inflation at 6.7%.
1978
5.6%
$2,356.6
$28,891
Fed raised rate to 10% to fight 9% inflation.
1979
3.2%
$2,632.1
$29,467
Fed raised rate to 15.5% to fight 13.3% inflation, then lowered it to 12% confusing price-setters. Iran hostage crisis. Three Mile Island disaster ends further nuclear construction in U.S.
1980
-0.2%
$2,862.5
$29,041
Fed raised rate to 20%. GDP dropped 7.9% in Q2. Fed lowered rate to 10% by August to boost economy, then raised it to 20% to fight 12.5% inflation. Iran oil embargo.
1981
2.6%
$3,210.9
$29,488
Reagan became President. Fed lowered rate to 12%. Inflation at 8.9%.
1982
-1.9%
$3,345.0
$28,638
To combat 1982 recession, the Garn-St. Germain Depository Institutions Act was passed, removing restrictions on loan-to-value ratios for Savings and Loan banks, while budget cuts reduced bank regulatory staff. Fed lowered rate to 8.5% since inflation was a moderate (in those days) 3.8%.
1983
4.6%
$3,638.1
$29,662
Unemployment was 10.8%. Reagan proposed Star Wars and increased military spending.
1984
7.3%
$4,040.7
$31,519
1985
4.2%
$4,346.7
$32,531
1986
3.5%
$4,590.1
$33,353
Reagan cut taxes. Chernobyl nuclear accident.
1987
3.5%
$4,870.2
$34,114
Black Monday stock market crash. Inflation at 4.4%.
1988
4.2%
$5,252.6
$35,196
Fed raised rate to 9.75% to combat 4.4% inflation.