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@n8nrgmi
So fucking what? I don't give a flying fuck about Reagan or what credit goes to who, and neither should you. If you want to stop inflation, read the article and apply the solution to today, or be ready to live in another era of Carter administration inflation.
Solutions belong exclusively to no president. They either work or they do not. This is the problem with all the radical leftists. They think presidents like Trump OWN all the solutions, so they never use them. Nobody OWNS solutions like "remain in Mexico" or "consolidate crony government to a manageable level"
It either works or it does not.
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Lol, typical leftist sheep goes full retard ad-hom when presented with a historical fact on how double digit inflation was handled.
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@thett3
It's a magnificent irony. Amid all the affection and adulation for Ronald Reagan, one of his greatest achievements is all but overlooked. He helped subdue double-digit inflation, setting the stage for the prolonged economic expansions of the 1980s and 1990s. High inflation largely brought Reagan to power; and low inflation made his presidency popular and successful.
We forget now how much inflation once frightened Americans. In 1979, Daniel Yankelovich _ a leading student of post-World War II public opinion _ wrote this: "For the public today, inflation has the kind of dominance that no other issue has had since World War II. The closest contenders are the Cold War fears of the early 1950s and perhaps the last years of the Vietnam War."
What unnerved people was not merely that inflation was high (13.3 percent in 1979) but that it was rising (in 1976, it was 4.9 percent) at an unpredictable pace and that no one could stop it. President Carter had fumbled with a host of confusing policies _ including wage-price guidelines _ to little avail. Carter seemed to have lost control of events, an impression reinforced by his handling of the Iranian hostage crisis.
In the last monthly report before the election, the Consumer Price Index rose 1 percent; prices were 12.7 percent higher than a year earlier. On Election Day, 59 percent of Reagan's supporters said that inflation was a "determining issue for them," according to the New York Times/CBS exit poll.
When Reagan asked, "Are you better off than you were four years ago?" he was referring mainly to inflation. Since 1976, the economy had created 10.6-million jobs. In 1980, the unemployment rate (7.1 percent) was lower than in 1976 (7.7 percent), though it had jumped sharply from 1979 (5.8 percent). But people detested inflation's stress and uncertainty. They couldn't know whether their salaries and savings would keep pace with rampaging prices. Interest rates seemed astronomical. In 1980, 30-year fixed mortgages averaged 12.7 percent. All this sapped Americans' confidence.
By 1982, inflation was down to 3.8 percent. On an annual basis, it has never again topped 6.1 percent (1990). From 1969 to 1981 (12 years), there were four recessions. In the 1973-75 recession, monthly unemployment reached 9 percent; in 1981-82 it hit 10.8 percent. Since 1982, there have been two recessions (1990-91, 2001). The highest monthly unemployment rate was 7.8 percent in June 1992.
The suppression of double-digit inflation liberated the economy from stop-go policies: bursts of expansion followed by punishing slumps. It restored a sense of order and predictability. It made government _ here's a giant paradox of the Reagan era _ seem competent again. All of Reagan's optimistic rhetoric and his 1984 campaign slogan ("It's morning again in America") would have rung hollow with 12 percent inflation.
None of this has merited much attention. In its 10,820-word obituary, the New York Times mentioned inflation four times. The Wall Street Journal's retrospective of "Reaganomics" virtually ignored inflation.
There are reasons. One is Reagan's murky role in reducing inflation. He was not the principal agent. The Federal Reserve, then headed by Paul Volcker, was. Volcker pushed interest rates skyward, triggering a devastating recession that was calculated, through gluts of goods and unemployed workers, to depress wage and price increases.
On paper, the Fed is "independent." In practice, it can never be entirely. Volcker has written: "No central bank (the Fed) can _ or should, in my judgment _ conduct policies for long that are out of keeping with basic, continuing objectives of the political system."
There was much criticism of Volcker's Fed. But not from Reagan. In private meetings with Volcker and others, he favored tight money. In public, he supported Volcker by muting any criticism. The Fed could proceed with the wrenching _ and necessary _ job of purging inflationary expectations. Reagan provided the essential political cover.
Inflation also gets neglected because it doesn't fit anyone's political agenda. To the right, Reaganomics means lower taxes and smaller government. But Reagan didn't shrink government, and lower inflation, not lower taxes, mainly revived the economy. To the left, Reaganomics means smaller (and meaner) government, irresponsible tax cuts and big, destructive budget deficits. But Reagan didn't shrink government, and Presidents Kennedy and Johnson started persistent (though smaller) deficits, which in any case didn't destroy the economy.
No other major leader would have then done what Reagan did. "The President stands almost alone among Washington's current politicians in his instinctive comprehension that inflation is a profoundly destructive phenomenon," wrote David Stockman, Reagan' first budget director, in an otherwise critical 1986 book. Giving "Volcker the political latitude to do what had to be done . . . was a genuine achievement." More than genuine, it was magnificent.
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@bmdrocks21
Might be a religious component to it as well.
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@bmdrocks21
There's probably a slew of latent biological signals developed over thousands of years that tell us when we don't need more people before it becomes an actual problem. Probably has to do with the fact that we can only have 10 close relationships due to biological limitations. Anything more than that and it's non-essential.
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@Fruit_Inspector
Just another thing to blame the increased deaths on this year instead of the 2 million infected illegal invaders this year.
Original Covid was far more deadlier than Omicron, and yet fewer unvaccinated Americans died in 2020 than were killed in 2021.
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@Dr.Franklin
Did you know Bill Gates increased his wealth by 1/3 during the scamdemic?
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Leave it to the Democrats to kill Americans with 2 million infected illegal invaders a year while also printing money to pay to take care of them all.
Death count go brrr.. Inflation go brrrr... Elite monopoly consolidation of markets go brrr....
Great Reset could only happen under a Democrat.
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Which is why we have open borders, so that the ultra rich can exploit the ultra poor at the expense of all other Americans not part of the Harvard club.
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@zedvictor4
Nigger is bleeped out of course. Say a requiem for the stupid and the dead.
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@zedvictor4
But anyone brandishing an AR15 over here would be charged at.
I guess Darwin is at work. Stupid people win stupid prizes.
Strange N comment.
You have to ask the dead about that.
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A) the segment is too small to be significant, in which case you violate the most basic principal of democracy for nothing.
I don't care how small it is. Domestic terrorists shouldn't be given the privilege or the opportunity to nullify the votes of law-abiding Americans. That's my principle.
Democracy is worthless in a lawless nation governed by law breakers.
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@zedvictor4
I'm hoping, that you keep your AR15 well and truly locked away.
I am also hoping you don't yell nigger and charge people holding an AR-15 as well.
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34,000 Americans under Biden's administration Died from Covid and variants while being fully vaccinated in 2021.
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At the time the 60 year old died from Omicron, Biden had let in 2 million untested invaders to flood Texas in the hopes of killing Americans.
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I’m defending you, and me, and everyone
I'm not a domestic terrorist.
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@zedvictor4
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@thett3
Well it’s important in getting responsible people to breed
Which ultimately means less kids since there are more unfit parents in America than anywhere else on the planet as FLRW laid out.
40% of babies are born out of wedlock today. About half of all marriages end in divorce.
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@thett3
but being able to buy a home is extremely important in convincing young people to have kids, which is something we desperately need
Not really. Most kids in America are born to single moms. they deserve better.
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The GOV of California just proposed spending 300 million to support radical racist cops in California. The same cops that deny a person's right to resist arrest unless they are a black man.
Will the people revolt and call for a recall? Or will they descend into the history of being in one of the most racist states on the planet that gave 300 million to racist murderers?
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@zedvictor4
Normal is a Nation in fear of Covid Doc.
There's more people afraid of what the government can do than what Covid can do at this point.
You can't bolster your immunity from tyranny.
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Good grades are an indicator of how well you are able to follow orders. It has nothing to do with intelligence.
The measure of intelligence is what you can provide to society, not what you can provide to promote a building made of mold and plaster.
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@zedvictor4
We've moved on a tad since then.
Have we really? Is the next generation of phones the reason for living?
Buddha would disagree.
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@zedvictor4
If normal is a state of being rather than a reason for being, then there is no reason to cling on to hope.
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@thett3
Also let's not be delusional about why illegals come here in the fist place. It isn't primarily about validating skin color for them, it's about the color green. Illegals don't give a shit about the 1619 project. Even old cultural axes can be buried temporarily in the wake of a massive inflation epidemic. GOP is poised to make a massive pendulum overcorrection, and everyone should be on guard.
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@thett3
If the Republican Party plays it’s hand right (spoiler it probably won’t)
You should not be surprised what desperate people allow. Literally no-one expected the GOP to have 8 years of Reagan.
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@thett3
Absolutely not joking. Whether it's an Orangeman or a Brownman, I don't want to see the government forcing right wing doctrine down my throat.
It's entirely plausible after this Biden inflation disaster era that the pendulum could go bonkers the other way. (like it did after Carter only multiply it by a few factors) ... All it takes is some determined elites to rewrite the narrative. The fresh imported sheep are already here.
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@thett3
What's awfully weird is that the demographics of the illegal immigrants are shifting to an increasing amount of radical right Hispanic supporters. That has bad consequences for the country, yet it's unlikely the left is competent enough to see the disaster coming.
I really don't want to see the country swing far authoritarian right with the support of millions of illegals from south America. We could just close the border and preserve our country alternatively.
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@Double_R
what personal impact does illegal immigration have on you that this would be your top and only priority issue? Not healthcare,
An interesting take as the surge in illegal immigration last year coincided with a record breaking death count for America.
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CNN has a new official Biden replacement wishlist, declaring Biden dead before his 1st year.
* Kamala Harris: She's undoubtedly struggled as vice president but she's still the most likely Democrat not named Biden to wind up as the Democratic nominee in 2024.
* Pete Buttigieg: The most naturally talented candidate in the 2024 field, "Mayor Pete" has also been front and center selling Biden's infrastructure bill.
* Elizabeth Warren: The Massachusetts senator is still popular among liberals -- and wouldn't be splitting the vote with Vermont Sen. Bernie Sanders this time around like she did in 2020.
* Amy Klobuchar: Other than Buttigieg, the Minnesota senator was probably the best regarded of the losing candidates in 2020 -- and her Midwest roots are always a plus given the electoral map.
* Roy Cooper: Term-limited out of office in 2024, the North Carolina governor has ample time to consider his next step -- starting with his service as the vice chairman of the Democratic Governors Association.
* Mitch Landrieu: Being tasked with implementing the infrastructure bill is a big (and high-profile) job that the former New Orleans mayor has taken to with relish.
* Gina Raimondo: She made the leap from Rhode Island governor to Biden administration commerce secretary but doubts remain as to whether she is too moderate to win a Democratic primary in this moment.
* Gretchen Whitmer: The Michigan governor needs to win what could be a tough reelection race next year before she can turn to considering a national run in earnest.
* Phil Murphy: The record of New Jersey governors running for president isn't great of late (sorry, Chris Christie!) but Murphy could use the next few years of his governorship as a testing ground for some national policies for the party.
* J.B. Pritzker: Pritzker has two things going for him -- 1) He's the governor of a major Midwestern state (Illinois) and 2) he's very, very rich.
* Stacey Abrams: Abrams talked openly about running in 2020 before passing on the race; but she needs to win the Georgia governor's mansion in 2022 before thinking too much about 2024.
Who is your favorite horse?
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@Double_R
I’m talking about the basic principals of democracy, and all you come back with is...
I know right? That we shouldn't have ANYTHING unregulated should come as a shock, I guess.
Domestic terrorism accounts for a whopping 100 or so arrests per year,
So why defend them? 100 votes being nullified won't matter, right?
Domestic terrorists shouldn't own guns, should be restricted from inciting domestic riots, and shouldn't get to vote. All 3 of those rights should be regulated not just 2.
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@Dr.Franklin
Here's the kicker: it doesn't allow us to get back to normal, this has always been their goal
The only "back to normal" acceptable to a Democrat politician is unrestricted full control of every American.
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@ludofl3x
We can all ignore that the dip..
You mean the dip in yearly deaths after Biden opened the borders? After 70-80% of high-risk urban areas were vaccinated? Sure.. oh wait...
Yeah let's ignore that "dip"
I feel so bellygood inside thinking the mandates were designed to save lives instead of a cheap blatant grab for power.
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@Fruit_Inspector
The end goal is mandated diets since obesity is the driving factor for Covid deaths over any other factor. It's also more dangerous to the health of people outside of Covid.
Better start hitting the gym before the government starts handing out belly passports.
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@Double_R
The difference between us when it comes to domestic terrorists is that I believe in the principal, you don’t.
Yes, it's not a cross I wish to die on. Domestic terrorists shouldn't own guns, should be restricted from inciting domestic riots, and shouldn't get to vote. All 3 of those rights should be regulated not just 2.
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@thett3
It also means a Democratic administration = increased disease cases and deaths from diseases from all over the world from some of the most lax health screening processes in the history of America.
Even when we historically accepted nearly everyone on Ellis Island, we at least had the practical sense to do medical screenings. These days it's just "shut up and trust DC you plebs, you don't know anything," and if there's anything bad going on right now, blame the orangeman.
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@Double_R
Someone who cannot make their own decisions, not ok to vote.
I disagree that we should let domestic terrorists vote. I think the country is better off regulating that right like they regulate all rights, not just on the basis of mental capacity but also whether or not they are a direct threat to the country.
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@Double_R
I'm just trying to be clear here. crazy people...ok to regulate voting
Domestic terrorists, not ok to regulate a right.
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@Double_R
Of course practicality is taken into account.
Like what restrictions are you ok with voting? restricting kids? Felons? Domestic Terrorists? Crazy people?
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@bmdrocks21
Based on the data of us having 50.2 million infections..
That we know of since the vaccinated rarely get tested and it doesn't stop viruses from spreading.
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@FLRW
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@Double_R
Biden has little to no control over that.
You're right. It's Congress that authorized the payments that hurt employment and State Governors that imposed lockdowns that destroyed businesses and supply.
One thing I hope everyone, especially people on the right can see is that when states like California implement bad policies, it affects the entire national economy. There's no actual "escape to Florida" solution here.
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voting being accessible and made as easy as possible for all citizens.
That's the very definition of unregulated voting. No restriction on anyone alive in America, regardless of age, or criminal mental condition, or ability to get a photo ID.
I'd imagine even if they were to somehow charge all 500 for felony insurrection on Jan 6 you would be scrambling to remove the barriers that might prevent them from voting even though they actively destroyed your democracy. What a ridiculous cross to die on, a right to vote free from ANY government interference in ALL cases.
Pretty soon we will have voting by interpretive dance as the government under the current fad of unregulated voting shouldn't restrict a person's method of voting. That's the result of unregulated voting. Chaos and deregulation of any sensible rule to ensure a fair election system.
There is a huge difference between "easy as possible" and "easy as practical"
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@Double_R
I was asking if you’re really serious about going back to this.
What do you think Biden could do to pressure the fed then if you are against QE?
Can we please discuss the present? Or is scoring cheap points against a guy we both don't like more productive in your eyes?
Cause that's probably got NOTHING to do with present day inflation and everything to prove just how unserious you are at discussing real solutions to real problems.
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@Double_R
I’m arguing with someone who had no problem with Trump doing the same thing
Bullshit. You know I think Trump is a retard.
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@Double_R
I gave you a whole two paragraph argument about how it’s not your place or anyone else’s to decide what qualifies any US citizen as sufficiently educated or motivated enough to vote,
And I disagree that the ONLY unregulated constitutional right should conveniently be the ONLY one where the government is held accountable. That is how you get elections with zero safeguards when there are zero regulations.
The fact that you defend an absurd position of zero regulations regarding voting makes me think you aren't thinking clearly enough about the issue. Or maybe not seriously enough.
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