Quote Originally Posted by El Kabong View Post
Quote Originally Posted by Kirkland Laing View Post
Let's go back to the pre-Reagan era of massive government intrusion and bureaucracy. The economy grew 50% faster in the 35 years (effective regulation of banking and business and an income tax top rate of 91%) before Reagan than it has in the 35 post-Reagan years of deregulation and low taxes.

Now Woti, I answered your question so stop dodging and answer my question. How does a business "start doing well"?
Yeah Jimmy Carter was GREAT for business there was a term used I believe it was STAGFLATION, but you go off and live in bizarro world like a good little boy.

Stagflation got so bad by the early 1970s that GOP prez Richard Nixon instututed wage and price controls. I can only imagine the reaction if the Kenyan impostor had used the government to set everybodys' wage levels and the prices private businesses could charge for their goods and services.

In 1973 OPEC quadrupled the price of oil overnight. Imagine oil this time last year going from $100 to $400 overnight and consider the US economy was many times more sensitive to oil price rises in the 1970s than it is now. Inflation soared.

Jimmy Carter took office in 1977 after a succession of presidents had done nothing to deal with stagflation. After the Iranian revolution trebled the quadruple price Carter, in the most selfless act by any politician in my lifetime, sacrificed any chance of being re-elected for a second term by appointing Paul Volcker to chair the Fed and end inflation by bumping interest rates up to double digits which caused a massive recession.




So this is the second tie I asked you a question and the second time you didn't answer. All you're doing here is proving that you don't have a fucking clue about even the things you're bringing up to dodge the question you're incapable of answering. Nothing but endless wrong. I won't even bother asking you to answer the question again, you obviously can't do it.