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Poll: Obama 'worst president' since World War II
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2018 Jun 16, 6:42pm 11,408 views 52 comments
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50
marcus
2018 Jun 18, 9:08pm
marcus
2018 Jun 18, 9:08pm
Strategist says
Yes. And Volker was appointed by Carter.
What you think Volkers plan wasn't initiated before Reagan was President ? OR you think that it was Reagan's doing ? Nobody is that uninformed about what really happened (well except maybe one guy posting below).
Interest rates were raised sky high to squeeze out inflation once and for all, so as to allow healthy growth for the economy. It worked.
Yes. And Volker was appointed by Carter.
What you think Volkers plan wasn't initiated before Reagan was President ? OR you think that it was Reagan's doing ? Nobody is that uninformed about what really happened (well except maybe one guy posting below).
51
marcus
2018 Jun 18, 9:18pm
marcus
2018 Jun 18, 9:18pm
Strategist says
IT was a process. Prime rate doesn't go from 10% to 21% all at once.
Still, it doesn't happen without Volker, appointed by Carter, and the pain, the recession kicked in big time in 1979
One year bonds went from 5% to 10% between 1975 and 1979. That was the feds doing in reaction to forces that had built for a long time. DO you really think any President is going to look good in that environment ? Even without "DAY 167 OF THE HOSTAGE CRISIS !!" on the news every night ?
THe peak happened very shortly after Reagan became President, leaving him with a wonderful environment of falling interest rates most of the rest of his Presidency. Any monkey, even BOnzo is going to look fantastic in that economic environment.
The one year bond hits 16% two months after REagan was innaugurated. Gosh, I sure am glad Reagan engineered that (sarcasm)
http://www.businessinsider.com/every-interest-rate-cycle-since-1970s-2015-12#late-july-1974-to-early-june-1975-3
Raising interest rates to squeeze out inflation was the key. A very bitter pill that Reagan was willing to take.
IT was a process. Prime rate doesn't go from 10% to 21% all at once.
Still, it doesn't happen without Volker, appointed by Carter, and the pain, the recession kicked in big time in 1979
One year bonds went from 5% to 10% between 1975 and 1979. That was the feds doing in reaction to forces that had built for a long time. DO you really think any President is going to look good in that environment ? Even without "DAY 167 OF THE HOSTAGE CRISIS !!" on the news every night ?
THe peak happened very shortly after Reagan became President, leaving him with a wonderful environment of falling interest rates most of the rest of his Presidency. Any monkey, even BOnzo is going to look fantastic in that economic environment.
The one year bond hits 16% two months after REagan was innaugurated. Gosh, I sure am glad Reagan engineered that (sarcasm)
http://www.businessinsider.com/every-interest-rate-cycle-since-1970s-2015-12#late-july-1974-to-early-june-1975-3
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In a new Quinnipiac University Poll, 33% named Obama the worst president since World War II, and 28% put Bush at the bottom of post-war presidents.
"Over the span of 69 years of American history and 12 presidencies, President Barack Obama finds himself with President George W. Bush at the bottom of the popularity barrel," said Tim Malloy, assistant director of the Quinnipiac University Poll.
Ronald Reagan topped the poll as the best president since World War II, with 35%