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Political Discussion
Reply to "President Jimmy Carter has terminal cancer"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He was an incompetent fool that destroyed our economy. Best news I've heard all day.[/quote] First of all, he did not destroy the economy. What destroyed the economy was the increase in fuel prices from 1973 - 1999. Gas went from 30 cents per gallon to 70 cents per gallon between 73 and 77. That caused a deep recision and inflationary spiral. The economy was also suffering from defense cuts at the end of the Vietnam war: people coming home from the war coupled with reduced military procurement. That plus oil killed the economy. The only real issue I have with carter was he micromanaged the country. And he was not forceful enough with Iran at the hostage crisis. (which pushed gas from 70 cents to over a dollar). The economy rebounded under Reagan only because of loosening of credit and deficit spending. Oh, and those policies led to the 2008 crash.[/quote] So gas prices magically happened? Interesting.[/quote]
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