Jesse Jackson wants to cut Obama's nuts off

[El Kabong]

Well if you think that it only confirms the fact that your views on American politics come from a EUROPEAN standpoint.


Unemployment and inflation....both waaaaaaay up in the Carter years and as President he was correctly held accountable for that and he was destroyed by Reagan. And Carter made America lose face again and again

[Kirkland Laing]

Well if you think that it only confirms the fact that your views on American politics come from a EUROPEAN standpoint.


Unemployment and inflation....both waaaaaaay up in the Carter years and as President he was correctly held accountable for that and he was destroyed by Reagan. And Carter made America lose face again and again

The inflation was caused by a GOP president printing money to pay for a foreign war and increased government spending, plus the increase in the oil price caused by printing all those dollars/oil shocks that no president could control. Sound familiar? Exactly the same thing is happening now and if the next president doesn't have the balls of Jimmy Carter and do what he did to kill inflation you'll be paying for $10 gas from your ever-shrinking paycheck in a few years.

Year Inflation Unemployment (1)
-------------------------------
1961 1.0% 6.7%
1962 1.0 5.6
1963 1.3 5.6
1964 1.3 5.2
1965 1.6 4.5 < Vietnam war spending increases
1966 2.9 3.8
1967 3.1 3.8
1968 4.2 3.5
1969 5.5 3.5
1970 5.7 5.0
1971 4.4 6.0
1972 3.2 5.6
1973 6.2 4.9
1974 11.0 5.6 < First oil crisis
1975 9.1 8.5
1976 5.8 7.7
1977 6.5 7.1
1978 7.6 6.1
1979 11.3 5.9 < Second oil crisis
1980 13.5 7.2
1981 10.3 7.6
1982 6.2 9.7
1983 3.2 9.6
1984 4.3 7.5

You can see here that unemployment actually fell during the Carter years.


And If Carter hadn't raised interest rates inflation would have kept on soaring
under Reagan.

Carter dealt as well as he could with the situation he was dealt and was the only president
out of the Nixon, Ford, Carter era with the balls to tackle inflation.

[El Kabong]

It had to fall a little bit or everyone would have been unemployed, I mean the gas prices have now fallen (from what they have been) and Bush is still in office and he's still getting shit for high gas prices same deal with Carter and unemployment

[Kirkland Laing]

It had to fall a little bit or everyone would have been unemployed, I mean the gas prices have now fallen (from what they have been) and Bush is still in office and he's still getting shit for high gas prices same deal with Carter and unemployment

Unemployment fell under Carter.

Bush created the high gas prices, unlike Carter. When you increase spending to pay for foreign wars and huge government spending increases then slah taxes you create a huge revenue gap which can only be filled by borrowing and printing money, both of which George has done at record levels ("record" doesn't even begin to describe it actually.) Because you're increasing the total number of dollars in the economy, the value of each dollar falls.





That's what bush has done to the dollar. (The Dollar Index is a measure of the dollars performance versus a basket of major currencies.)


Because the dollar is cratering, the cartel that control the oil market, OPEC, demand more dollars to make up for the fact that the currency oil is traded in is falling, so oil goes up in price. If Bush hadn't printed the number of dollars he has then oil would be no more than $50 a barrel instead of $120, even if he'd still invaded Iraq.

And if McCain wins and carries on the same Bush policies (which he says he will, record new tax cuts etc.) you can see that the problem is going to get much worse.

[El Kabong]

Unemployment fell under Carter huh? 7.1 in 1977 when carter took office to 7.2 in 1980 (I'll even spot you a year ) a year before Carter left office..since when do things fall up Kirkland

[Kirkland Laing]

Unemployment fell under Carter huh? 7.1 in 1977 when carter took office to 7.2 in 1980 (I'll even spot you a year ) a year before Carter left office..since when do things fall up Kirkland

The year he won the election unemployment was higher than when he left office. Even if you go 77-80 it's only a 0.1% increase, a rounding error, and irrelevant when you consider the situation Carter had inherited and had to deal with. The bottom line is there was no huge increase in unemployment to blame Carter for, unlike say Bush almost halving the value of the dollar in eight years. Now that really is significant. Bush will also end his term with unemployment significantly higher than it was under Clinton, not a 0.1% blip.

[El Kabong]

Rounding error? Is that another way of saying that you were wrong? You said "It went down" and it obviously didn't