From: AlleyCat <katt@gmail.com>
Newsgroups: alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican,alt.fan.rush-limbaugh,can.politics
Subject: Re: Trump's POLICIES Keep Economic Boom Going
Date: Mon, 11 Nov 2024 08:35:40 -0600
Organization: AlleyCat Computing, Inc.
On Mon, 11 Nov 2024 14:07:46 +0000, Mitchell Holman says...
> > Same exact way Reagan fixed Carter's inflationary debacle.
>
>
> The 70's inflation was a product of Nixon.
Riiiiight.
Not '77 through '80.
THAT was Carter's puppy.
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Jimmy Carter (1977-1981)
Average YOY Inflation Rate: 9.9%
The average year-over-year inflation rate under President Jimmy Carter was 9.9%, the highest inflation rate among U.S. presidents so far.
STAGFLATION continued from the Nixon and Ford years and was exacerbated by an energy crisis that led to skyrocketing gas prices and
shortages. While higher energy prices fueled inflation, core inflation (excluding volatile food and energy prices) remained high through
the 1970s.
U.S. Bureau of Labor Statistics. "One Hundred Years of Price Change: The Consumer Price Index and the American Inflation Experience."
During Carter's term, the misery index-which is the unemployment rate plus inflation-reached a record high of 21.98%. The Carter
administration's methods to cool inflation by reducing the budget deficit and deregulation to increase competition and limit price
increases were thwarted by a surge of energy inflation in 1979, which pushed inflation over 13% by the end of 1979.
Believe what you want, but Carter fucked it up worse.
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Donald Trump is the 47th U.S. president, defeating Vice President Kamala Harris.
Republican Donald Trump was elected President of the United States in the 2024 election, defeating Vice President Kamala Harris.
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