NBC News: Are you better off than you were four years ago?

[TheCainer]

The inflation that originated under Carter was receding during the bulk of Reagan's time in office,.. Hence Carter = Bad, while Reagan = Good,... History demonstrates that when you create the inflation it's yours forever,.. This is Biden's inflation.

It didn't originate under Carter. It was much earlier. Nixon took the US off the gold standard, OPEC did their monkey business with oil prices as did the Iran/Iraq War, plus the Vietnam War ended which led to inflation as well. Lots of factors Carter had little to do with.

Remember Ford's WIN ( Whip Inflation Now) program?

 

[joelbc1]

I didn't say he was responsible for it. But we had 8 years of high inflation and the sense back then was that all is well. Compare that to Biden having high inflation for a much shorter duration and "some" claim it's the worst economy in our lifetimes.

How can one actually say that? Were they just born yesterday?

Reagan’s “landslide” in ‘80 was a toss-up the weekend before the election….a couple of years later, Reagan’s “cure” had his re-election in jeopardy…..
Bins, only a fool will sit there and “Blame” Democrats for the current inflationary mess….lots of factors, a lot of poor management by Congress and Administrations are responsible. You really think that Trump’s fiscal police’s as POTUS we’re not a factor? You really think that Trump’s reaction to Covid in early 2020 was nor a key factor in the collapse of supply chains, and the beginning of runaway prices in medical and food supplies…You think that Trump’s dismantling of many “Emergency governmental services” prior to Covid….cut from the budget to make his “tax numbers” more pallatable have not been some of a factor in todays financial pressure? Do you not believe that the “Misaim and misfire” of Trump’s tax cut have not directly and adversely affected the numbers as they reflect on today’s inflation 5ate? Are you foolish enough to believe after 15 years of artificially low interest rate numbers, these numbers were not going to raise to more normal rates?

Are you going to tell meat you are this fool? I don’t think you are…..

 

[Rifler]

Inflation was under 2% for a short time in Reagan's tenure but quickly went back to 4% and higher. That must be Reagan's inflation, correct?

The memory of Carter's economy was still fresh, so no,... Reagan's subtle bumps went largely unnoticed and were generally accepted as being better than what could be,.. Everything is relative.

 

[joelbc1]

The memory of Carter's economy was still fresh, so no,... Reagan's subtle bumps went largely unnoticed and were generally accepted as being better than what could be,.. Everything is relative.

Ask those Iowa farmers who lost their farms at sheriff’s auctions in the 80’s how smoothe that transition was. Yes, everything is relative….Republican good….Democrat, bad…

 

[FAUlty Gator]

The Clinton years were better than the HW Bush years. The W Bush years were better than the Clinton years. the Obama years were better than the W Bush years. The Trump years were better than the Obama years. The Biden years were better than the Trump years. I'm guessing the Harris or Trump years will be better than the Biden years.

 

[franklinman]

Ask those Iowa farmers who lost their farms at sheriff’s auctions in the 80’s how smoothe that transition was. Yes, everything is relative….Republican good….Democrat, bad…

Oh, but i remember selling my house and a couple acres of land and then putting all that money into CDs @ 15%. That was a smooth move and i don't think i've had a bad year since.

 

[RileyHawk]

Just admit that comparing 1.4% inflation to 12% was beyond stupid. Some would say moronic but I'm trying to be nice

Where did I do that.

We're at the place where you start making stuff up.

 

[RileyHawk]

The memory of Carter's economy was still fresh, so no,... Reagan's subtle bumps went largely unnoticed and were generally accepted as being better than what could be,.. Everything is relative.

Then you must be very happy with the economy now.