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Started By
Message
1
Posted on 8/27/14 at 4:14 pm to WildTchoupitoulas
quote:
It is if you're in debt at a fixed rate - which most people are.
Why?
Posted on 8/27/14 at 4:23 pm to Zach
quote:
Why?
What's your IQ again?
Posted on 8/27/14 at 4:32 pm to Zach
quote:
After 4 years of unprecedented growth to RR policies he did not blame Carter during his re-election.
There was a recession from July '81 through November '82. That's almost one and a half years of Reagan's first four years.
...and I didn't read about it in history books, I LIVED it.
To be fair, it was caused by the tight money policy of Carter's Fed Chairman appointee, Paul Volker.
Do try to pay attention, Zach.
Posted on 8/27/14 at 4:35 pm to WildTchoupitoulas
quote:Now, now Tchoup. Come on.
Why?
What's your IQ again?
Zach, if you can secure a loan at a low fixed rate, then inflation kicks in, you have asset growth outstripping cost basis. Most evident with home loans.
i.e., If you could borrow at 3% and invest the loan at 10% ROI d/t inflation, you'd do well.
This post was edited on 8/27/14 at 4:37 pm
Posted on 8/27/14 at 4:42 pm to Zach
The President cannot affect the economy except by appointing the right Fed chairman.
So, no not Bush's fault
So, no not Bush's fault
Posted on 8/27/14 at 4:43 pm to NC_Tigah
quote:
Zach, if you can secure a loan at a low fixed rate, then inflation kicks in, you have asset growth outstripping cost basis. Most evident with home loans. i.e., If you could borrow at 3% and invest the loan at 10% ROI d/t inflation, you'd do well.
And if inflation kicks in you have to pay for more stuff than your home. Like food, toilet paper, etc. I am assuming you didn't live during the Carter years.
And then there are the people on fixed incomes..Soc Sec. They don't have a problem with inflation do they? Oh, No. Inflation would be just great. Let's do it.
Posted on 8/27/14 at 4:44 pm to Zach
not since 2010
Posted on 8/27/14 at 4:45 pm to WildTchoupitoulas
quote:
There was a recession from July '81 through November '82. That's almost one and a half years of Reagan's first four years. ...and I didn't read about it in history books, I LIVED it. To be fair, it was caused by the tight money policy of Carter's Fed Chairman appointee, Paul Volker. Do try to pay attention, Zach.
I lived it too. So what's your point? Do you actually have one? Reagan's 8 years were outstanding. Carter's 4 were horrible.
Posted on 8/27/14 at 4:49 pm to WildTchoupitoulas
quote:
But you didn't hear Carter blaming Nixon.
Uh, the economy under Nixon was waaaay better than under Carter. How could he blame Nixon when he ran for re-election against Reagan. Nixon wasn't running.
Bush has been out of office for 6 years and the Dems are still blaming him for the pathetic economy.
Posted on 8/27/14 at 4:59 pm to Zach
quote:
So what's your point?
You said:
quote:
After 4 years of unprecedented growth to RR policies he did not blame Carter during his re-election.
My point is that there were not 4 years of unprecedented growth leading up to RR's re-election.
THEN you said:
quote:
Reagan's 8 years were outstanding.
AFTER I JUST pointed out that there was a year and a half of recession during RR's first term. So, if we do the math...
Two four-year terms equals eight years total, minus the year and a half of recession during the first term equals six and a half years available to be considered "outstanding". That's not the eight years of outstanding to which you referred. You were off by 18.75% - minimum. Counting the policies that led to a slow recovery in the energy sector, and Louisiana lagged behind most states in the 80's recovery, so that would add to your error factor.
Sorry, Zach, the numbers show that you were wrong.
quote:
Carter's 4 were horrible.
Yeah, due to Nixon's policies. Good thing Carter hired Volker to right the ship.
Posted on 8/27/14 at 4:59 pm to Zach
none of the good things bush did are being felt now, either. Totally clean slate. The vacuum seal on the bush presidency closed a while back.
This post was edited on 8/27/14 at 4:59 pm
Posted on 8/27/14 at 5:01 pm to Zach
quote:
Uh, the economy under Nixon was waaaay better than under Carter.
Really? Then why did Nixon have to issue Executive Order 11615?
Do you even know what that order did?
Posted on 8/27/14 at 5:04 pm to WildTchoupitoulas
quote:trailblazed for the famous Executive Order 11617?
Do you even know what that order did?
Posted on 8/27/14 at 5:09 pm to Zach
quote:As a matter of fact, while interest rates remained high at that point, I secured student loans at 7%, and invested them in a protected money market accounts returning ~10%. So, yes.
And if inflation kicks in you have to pay for more stuff than your home. Like food, toilet paper, etc. I am assuming you didn't live during the Carter years.
Posted on 8/27/14 at 5:12 pm to WildTchoupitoulas
quote:
AFTER I JUST pointed out that there was a year and a half of recession during RR's first term. So, if we do the math...
RR's first term was after Carter. So, why wasn't the economy bad in years' 2-8 under Reagan?
Obama's first term was after Bush. So, why is the economy so bad in year's 2-6 under Obama?
You're not good at math, Wild.
Posted on 8/27/14 at 5:20 pm to Zach
quote:Probably had to do with the lessening of OPEC, the advent of computers, VCR's, microwave ovens, video cameras, etc. more than anything else.
RR's first term was after Carter. So, why wasn't the economy bad in years' 2-8 under Reagan?
Posted on 8/27/14 at 5:23 pm to mmcgrath
quote:There was something else far more contributory.
Probably had to do with the lessening of OPEC, the advent of computers, VCR's, microwave ovens, video cameras, etc. more than anything else.
Posted on 8/27/14 at 5:28 pm to NC_Tigah
quote:Break Dancing or Michael Jackson's solo career?
There was something else far more contributory.
Posted on 8/27/14 at 5:45 pm to mmcgrath
quote:Beat it!
Break Dancing or Michael Jackson's solo career?
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