United States Politics: ∆τ_i*ε*φ*m_i<0 where ε=4 and φ=0.25

[Polident]

I shared Kennedy’s expression every time friends said we should eat at Applebees.

[Nintex]

RFK Jr. isn't scared of sharks and bears but he looks completely overwhelmed in Trumps world 

[Cauliflower Of Love]

Fucking Costello.

[booomer]

Two more months of this embarrassment.

[booomer]

I shared Kennedy’s expression every time friends said we should eat at Applebees.

You might need to reexamine your friend list. Also, if they consider grilling hot dogs or hamburgers "Having a Barbecue" they should be unfriended.

You are welcome,

The State of Texas

[Polident]

I shared Kennedy’s expression every time friends said we should eat at Applebees.

You might need to reexamine your friend list. Also, if they consider grilling hot dogs or hamburgers "Having a Barbecue" they should be unfriended.

You are welcome,

The State of Texas

This was long, long ago. When we were poor kids and they were excited by half-priced appetizers. See back in Bush's economy, you could only eat during a three hour window when food was heavily discounted.

[booomer]

This was long, long ago. When we were poor kids and they were excited by half-priced appetizers. See back in Bush's economy, you could only eat during a three hour window when food was heavily discounted.

You were such a lucky kid. I grew up in the Carter economy. We were too busy waiting in lines for fuel to go into a restaurant that sold appetizers. Thank heavens Jim Craig and the Gipper were there to save us. 1981 took us from Spam and Tab to eating at Steak and Ale.

[benji]

[benji]

You were such a lucky kid. I grew up in the Carter economy. We were too busy waiting in lines for fuel to go into a restaurant that sold appetizers. Thank heavens Jim Craig and the Gipper were there to save us. 1981 took us from Spam and Tab to eating at Steak and Ale.

Carter was the one who appointed Volcker to break inflation, Carter was the one who ended price controls on gasoline/oil, and Carter did far more deregulation over four years than Reagan did over eight.

Ironically, Carter was a prickly social conservative who didn't know how to delegate. Carter probably is one of the smarter presidents but unlike say, Clinton (who is probably top tier ever), he had no people skills and was somewhat of a loner who only trusted himself.

[booomer]

Carter was the one who appointed Volcker to break inflation, Carter was the one who ended price controls on gasoline/oil, and Carter did far more deregulation over four years than Reagan did over eight.

Ironically, Carter was a prickly social conservative who didn't know how to delegate.

In 1979 but he made the mess to begin with. It's like Biden closing the border 3 1/2 years after letting in 8 million plus in to begin with. 

The Volcker Shock was a period of historically high interest rates precipitated by Federal Reserve Chairperson Paul Volcker's decision to raise the central bank's key interest rate, the Fed funds effective rate, during the first three years of his term. Volcker was appointed chairperson of the Fed in August 1979 by President Jimmy Carter, as replacement for William Miller, who Carter had made his treasury secretary. Volcker was one of the most hawkish (supportive of tighter monetary policy to stem inflation) members of the Federal Reserve's committee, and quickly set about changing the course of monetary policy in the U.S. in order to quell inflation. The Volcker Shock is remembered for bringing an end to over a decade of high inflation in the United States, prompting a deep recession and high unemployment, and for spurring on debt defaults among developing countries in Latin America who had borrowed in U.S. dollars.

Monetary tightening and the recessions of the early '80s
Beginning in October 1979, Volcker's Fed tightened monetary policy by raising interest rates. This decision had the effect of depressing demand and slowing down the U.S. economy, as credit became more expensive for households and businesses. The Fed funds rate, the key overnight rate at which banks lend their excess reserves to each other, rose as high as 17.6 percent in early 1980. The rate was allowed to fall back below 10 percent following this first peak, however, due to worries that inflation was not falling fast enough, a second cycle of monetary tightening was embarked upon starting in August of 1980. The rate would reach its all-time peak in June of 1981, at 19.1 percent. The second recession sparked by these hikes was far deeper than the 1980 recession, with unemployment peaking at 10.8 percent in December 1980, the highest level since The Great Depression. This recession would drive inflation to a low point during Volcker's terms of 2.5 percent in August 1983.

The legacy of the Volcker Shock
By the end of Volcker's terms as Fed Chair, inflation was at a manageable rate of around four percent, while unemployment had fallen under six percent, as the economy grew and business confidence returned. While supporters of Volcker's actions point to these numbers as proof of the efficacy of his actions, critics have claimed that there were less harmful ways that inflation could have been brought under control. The recessions of the early 1980s are cited as accelerating deindustrialization in the U.S., as manufacturing jobs lost in 'rust belt' states such as Michigan, Ohio, and Pennsylvania never returned during the years of recovery. The Volcker Shock was also a driving factor behind the Latin American debt crises of the 1980s, as governments in the region defaulted on debts which they had incurred in U.S. dollars. Debates about the validity of using interest rate hikes to get inflation under control have recently re-emerged due to the inflationary pressures facing the U.S. following the Coronavirus pandemic and the Federal Reserve's subsequent decision to embark on a course of monetary tightening.

What do I know, I just lived through it, studied it as it was happening and growing up in a family owned business that was affected by it.
.

[benji]

I shared Kennedy’s expression every time friends said we should eat at Applebees.

[benji]

In 1979 but he made the mess to begin with. It's like Biden closing the border 3 1/2 years after letting in 8 million plus in to begin with. 

What do I know, I just lived through it, studied it as it was happening and growing up in a family owned business that was affected by it.
.

Not enough, because Carter didn't start the inflation or price controls. Nixon did, and did so deliberately. Carter ended both, you're blaming the guy who fixed things.

[Nintex]

Like an undercover cop that has to do drugs with the gang.  

Environmentalist and the new secretary of health forced to eat fast food on a private jet en route to a UFC fight  

[benji]

Spoiler:  (click to show)(click to hide)

[booomer]

Not enough, because Carter didn't start the inflation or price controls. Nixon did, and did so deliberately. Carter ended both, you're blaming the guy who fixed things.

Blame everything on Nixon and Ford. You sound like Obama defending another one term wonder in Biden.
Carter was a really smart guy and his knowledge of nuclear energy was impressive, but you give him way too much credit.

Why didn't the people vote for Carter again in 1980? Just the hostage thing? 489ev to 49ev?

[Nintex]

if you can't download a PDF you are OUT

[benji]

Blame everything on Nixon and Ford. You sound like Obama defending another one term wonder in Biden.
Carter was a really smart guy and his knowledge of nuclear energy was impressive, but you give him way too much credit.

It's just factual that Nixon deliberately unleashed inflation on purpose and then responded by imposing price and wage controls.

Just like it's factual that Carter was the Great Deregulator:


Carter was blamed like Trump being blamed for COVID job losses, you get blamed for what happens when you're in office even if it's not your fault. People want to believe the President is God-King presiding over a socialist nation. "If only the Czar/Stalin knew..."

Biden and Harris can be attacked for inflation because their response is to do things that would increase it and nothing to stop it. Ideally, both candidates would be against it and the things that cause it, as Reagan and Carter both were. (Reagan was willing to shoulder the blame of what Volcker was doing because of what would happen on the other side rather than abandon killing inflation for more Nixon policies that everyone in DC including members of his Administration were calling for. Similar to how he stood his ground on the tax cuts.) But that's not what we were offered this time.

[Nintex]

Similar to how he stood his ground on the tax cuts.) But that's not what we were offered this time.

That reminds me, campaign people ususally get the jobs and in the case of Kamala that would've been fun.

Whoopi Goldberg as foreign secretary and a department of pronouns?

[D3RANG3D]

Spoiler:  (click to show)(click to hide)

[booomer]

Promises made in 1976

https://www.presidency.ucsb.edu/documents/1976-democratic-party-platform


Promises kept

https://www.nasdaq.com/articles/from-lbj-to-biden:-how-the-economy-performed-under-each-president

We can go in circles all day. There has to be some accountability for what Carter did or did not do during his presidency. I will leave you with the final word if you so choose. My 2 cents is used up.

[booomer]

[benji]

https://www.nasdaq.com/articles/from-lbj-to-biden:-how-the-economy-performed-under-each-president

We can go in circles all day. There has to be some accountability for what Carter did or did not do during his presidency. I will leave you with the final word if you so choose. My 2 cents is used up.

You're the one trying to avoid accounting for what Carter did or not do during his Presidency.  

Like I said:

People want to believe the President is God-King presiding over a socialist nation.

[who is ted danson?]

I shared Kennedy’s expression every time friends said we should eat at Applebees.

Trump showing RFK who wears the pants

https://www.gbnews.com/politics/us/donald-trump-serves-rfk-jr-poison-food-private-jet

Next stop, cutting Elon's subsidies

[booomer]

Fallout 5 might be coming out sooner than expected. I live in Tornado Alley, so shelters and preppers are in abundance. 



Now to find me one of those sweet ass OP Gauss Rifles.

[who is ted danson?]

[Nintex]

They act as if restarting communications is a difficult thing to do as if Trump wouldn't answer if they just picked up their phone and called him live on the show.

[booomer]

[booomer]

[Uncle]

so would the same accusation apply if a mexican migrant killed someone after being shipped to new york on texas's dime

[Cauliflower Of Love]

I think those states bill the receiver states for it because reasons