"Inflation is down to 4%!"
- Thread starter TarHeelEer
- Start date
Right where it was under Ronald Reagan!Today's prices are 17% higher than 2020.
Good catch.
“With Reagan's leadership, the inflation rate dropped to 10.4% in 1981 and then averaged 4.4% for the rest of his two terms. Unemployment followed the inflation rate down, and by 1988 it was about half of what Reagan had inherited.”
Source: Newsweek.
Are YOU that stupid? Guess so.
You seriously are not going to try and compare the two situations. Reagan took office after Carter and the Democrats ran this country into the ground.
Actually, I am.
1979 energy crisis
Main article: 1979 energy crisis
Production in top countries by year (million barrels per day)[23]
A crisis emerged in the United States in 1979 during the wake of the Iranian Revolution. Amid massive protests, the Shah of Iran, Mohammad Reza Pahlavi, fled his country in early 1979, allowing the Ayatollah Khomeini to gain control. The protests shattered the Iranian oil sector. While the new regime resumed oil exports, it was inconsistent and at a lower volume, forcing prices to go up. Saudi Arabiaand other OPEC nations, under the presidency of Dr. Mana Alotaiba increased production to offset the decline, and the overall loss in production was about 4 percent.[24] However, a widespread panic resulted, driving the price far higher than would be expected under normal circumstances.
In 1980, following the Iraqi invasion of Iran, oil production in Iran nearly stopped, and Iraq's oil production was severely cut as well.
After 1980, oil prices began a decline as other countries began to fill the production shortfalls from Iran and Iraq.
| YEAR | AVERAGECLOSING PRICE | YEAR OPEN | YEAR HIGH |
|---|---|---|---|
| 2023 | $75.45 | $80.26 | $83.13 |
| 2022 | $94.53 | $76.08 | $123.70 |
| 2021 | $68.17 | $47.62 | $84.65 |
| 2020 | $39.68 | $61.17 | $63.27 |
In both cases, surging oil prices, due to worldwide conditions, initiated inflation.
Have you already forgotten the absolute Covid disaster Trump left to Biden?
“GDP growth under Donald Trump — a measure he frequently touted to show his economic prowess — was actually the worst since Herbert Hoover was president during the Great Depression, Bloomberg reports.”
“President Donald Trump will leave office with 3 million less jobs than when he was inaugurated in 2017, marking the worst presidential job record since the Great Depression.
Despite previous claims that he presided over the "greatest economy in the history of our country," Trump's economic legacy was crippled in the last year of his term because of the coronavirus.
The jobs report released by U.S. Bureau of Labor Statistics on January 8 shows his employment record will be the worst in modern American history.”
Trump increased the national debt by $6.7 Trillion.
So there’s the comparison.
It is hilarious that you don't even realize how dumb this is.
You are a special kind of stupid. Bless your heart.
Is it your position that despite reports stating the lockdowns had zero effect in stopping the spread, that the Democratic state leaderships were justified in their policy of prolonged lockdowns? I’d like to get your formal response to that.Actually, I am.
1979 energy crisis
Main article: 1979 energy crisis
Production in top countries by year (million barrels per day)[23]
A crisis emerged in the United States in 1979 during the wake of the Iranian Revolution. Amid massive protests, the Shah of Iran, Mohammad Reza Pahlavi, fled his country in early 1979, allowing the Ayatollah Khomeini to gain control. The protests shattered the Iranian oil sector. While the new regime resumed oil exports, it was inconsistent and at a lower volume, forcing prices to go up. Saudi Arabiaand other OPEC nations, under the presidency of Dr. Mana Alotaiba increased production to offset the decline, and the overall loss in production was about 4 percent.[24] However, a widespread panic resulted, driving the price far higher than would be expected under normal circumstances.
In 1980, following the Iraqi invasion of Iran, oil production in Iran nearly stopped, and Iraq's oil production was severely cut as well.
After 1980, oil prices began a decline as other countries began to fill the production shortfalls from Iran and Iraq.
YEAR
AVERAGECLOSING PRICE
YEAR OPEN
YEAR HIGH
2023
$75.45
$80.26
$83.13
2022
$94.53
$76.08
$123.70
2021
$68.17
$47.62
$84.65
2020
$39.68
$61.17
$63.27
In both cases, surging oil prices, due to worldwide conditions, initiated inflation.
Have you already forgotten the absolute Covid disaster Trump left to Biden?
“GDP growth under Donald Trump — a measure he frequently touted to show his economic prowess — was actually the worst since Herbert Hoover was president during the Great Depression, Bloomberg reports.”
“President Donald Trump will leave office with 3 million less jobs than when he was inaugurated in 2017, marking the worst presidential job record since the Great Depression.
Despite previous claims that he presided over the "greatest economy in the history of our country," Trump's economic legacy was crippled in the last year of his term because of the coronavirus.
The jobs report released by U.S. Bureau of Labor Statistics on January 8 shows his employment record will be the worst in modern American history.”
Trump increased the national debt by $6.7 Trillion.
So there’s the comparison.
This started over a decade ago and both sides are equally responsible. This isnt a left v right thing...
The US is still a manufacturing powerhouse, 2nd in the world by a big margin. You must not realize that US manufacturing output declined sharply under Trump and has been restored under Biden. I know how you love facts.
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He's just bleating his leaders' narrative without looking and thinking for himself. He also thinks the Pedo administration "created" 13 million jobs. He's just an ignorant bleater. Hopefully one day, he and his fellow bleaters will wake up and smell what they're shoveling.
Arrested Dem Governors for willfully destroying their constituent’s lives for political purposes and talking points.
He's supposed to answer with all of the things that have been proven ineffective in stopping/slowing covid. The best answer remains what many of us were saying initially -> Go about your lives, protect the elderly and weak. Yep, we would've lost some people, but we lost just as many, if not more, with the scared tactics of the left and Fauci.
Interest rate hikes are bringing down inflation, with more hikes to come.
And there are Pedo-Joe and Commie-la Harris trying to take credit for it.
Bleaters believe them.
SMH...
And there are Pedo-Joe and Commie-la Harris trying to take credit for it.
Bleaters believe them.
SMH...
Reagan still is the greatest president against any democrat president since.
HAHAHA.......bitch.
