Originally posted by PalynkaI see you couldn't get any one to read something that was more than 1 paragraph either.
Interesting article:
http://nymag.com/print/?/news/politics/paul-krugman-2011-5/
On a side note, I may not have given Krugman enough credit. I have always found his blog opinions suffered from a tendency for hyperbole and exaggeration that I didn't care much for. Seems they could be deliberate and part of a strategy.
Originally posted by normbenignImpressive, you lived there. You didn't keep track of the statistics very well though.
You apparently live overseas. I lived here during both the Carter and Reagan administrations. Toward the end of Carter's we had a "misery index", and had what economists had thought impossible, double digit unemployment, interest rates, and inflation.
We also had a low point in foreign respect with a tin horn religious dictator kidnapping our entire ...[text shortened]... not something that could have happened without the turnaround from the Carter hopelessness.
http://upload.wikimedia.org/wikipedia/commons/9/9b/US_Unemployment_measures.svg
Originally posted by Palynkais Krugman gonna run in 2012?
Interesting article:
http://nymag.com/print/?/news/politics/paul-krugman-2011-5/
On a side note, I may not have given Krugman enough credit. I have always found his blog opinions suffered from a tendency for hyperbole and exaggeration that I didn't care much for. Seems they could be deliberate and part of a strategy.
http://nymag.com/print/?/news/politics/paul-krugman-2011-5/
The comment section has become a repository for a certain form of liberal anguish, and a community unto itself: “His campaign promised a better, more equitable America. Those who believed him feel betrayed,” wrote one commenter in regard to a recent column titled “The President Is Missing.”And another: “Come on, Professor Krugman, will you lead the people out?”
Carter, hoist by his own petard!
http://en.wikipedia.org/wiki/Misery_index_%28economics%29#U.S._misery_index
During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that high had a right to even ask to be President. Carter won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.
Originally posted by KazetNagorrahttp://en.wikipedia.org/wiki/Presidency_of_Jimmy_Carter#Economy:_stagflation_and_the_appointment_of_Volcker
Impressive, you lived there. You didn't keep track of the statistics very well though.
http://upload.wikimedia.org/wikipedia/commons/9/9b/US_Unemployment_measures.svg
...
Led by Volcker, the Federal Reserve raised the discount rate from 10% when Volcker assumed the chairmanship in August 1979 to 12% within two months.[25] The prime rate hit 21.5% in December 1980, the highest rate in U.S. history under any President.[26] Carter sought to justify these rates and the resulting unemployment growth in February 1980, by observing that inflation had reached a "crisis stage."[22] Investments in fixed income (both bonds held by Wall Street and pensions paid to retired people) were becoming less valuable. The high interest rates would lead to a sharp recession in the early 1980s, which coincided with Carter's re-election campaign.[27]
http://en.wikipedia.org/wiki/Early_1980s_recession
The early 1980s recession was a severe recession in the United States which began in July 1981 and ended in November 1982.[2][3] The primary cause of the recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation.[4]
Originally posted by zeeblebotRead my lips... no more misery index.
Carter, hoist by his own petard!
http://en.wikipedia.org/wiki/Misery_index_%28economics%29#U.S._misery_index
During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that ...[text shortened]... an, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.
Originally posted by zeeblebotOops.
Carter, hoist by his own petard!
http://en.wikipedia.org/wiki/Misery_index_%28economics%29#U.S._misery_index
During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that ...[text shortened]... an, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.