Liberal Forum

I have addressed it several times. Nixon pulled America out of the Bretton Woods Agreement and took us off a precious metal standard. Fiat currency is volatile, and Carter took the office when the predictable and necessary adjustment came due. On top of that, the energy crisis was a major driver as...

Carter was handed a roaring economy and drove it into the ground: 1977 4.6% $2,086.0 1978 5.6% $2,356.6 1979 3.2% $2,632.1 1980 -0.2% $2,862.5...

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How can he?...

http://www.tradingeconomics.com/united- ... production As I suspected, industrial output grew far faster under Reagan than Carter. It's no wonder average real income grew under one and shrank under the other....

Gee I wonder if that would have affected the COLA increases under Reagan, causing increased deficit spending?...

Inflation outpaced economic growth in every year of Carter's presidency. Will Cannon ever address it???...

Carter was handed a roaring economy and drove it into the ground: 1977 4.6% $2,086.0 1978 5.6% $2,356.6 1979 3.2% $2,632.1 1980 -0.2% $2,862.5...

Let's have a peek at the raw numbers, shall we? Year Growth GDP 1977 4.6% $2,086.0 1978 5.6% $2,356.6 1979 3.2% $2,632.1 1980 -0.2% $2,862.5 Now, then. Carter's first year was 77 - but the economy he inherited and grew from ended in 1976 - just as Reagan's economy is measured against what he was...

Carter was handed a roaring economy and drove it into the ground: 1977 4.6% $2,086.0 1978 5.6% $2,356.6 1979 3.2% $2,632.1 1980 -0.2% $2,862.5...