re: I wasn’t alive during Carter. Was it better or worse under Carter?

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It’s bad now but we’re not at 18% interest yet.

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Give him time. We still have 2 and a half years with this dip shite.

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Those threads and gas lines. What else could you want?

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I don't remember gas lines under Carter. Under Ford, the Oil Embargo of 1974 caused gas lines. You only buy so much (don't remember the number) and could only buy on alternate days depending on the last number on your tag (even or odd). That was a long time ago but that's the way I remember it.

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21.5% prime rate

14.4% inflation

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It had eased a bit by 1981. Bought my first house when prime was 13.5% (first time home buyer could get bond money at 2% below prime) and went from a job the provided a car to one that didn't so I had to buy a new car at some ungodly rate. But, living through all of that, you couldn't say, "well, it's got to get better so let's wait". It just became a way of life and you did what you had to do. Don't remember what year under Reagan that it got to be better.

i was a little kid under carter and i remember the gas lines.

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I don't remember gas lines under Carter.

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Similar to the earlier 1973-4 oil crisis, the 1979 oil crisis was prompted by foreign affairs and actions, particularly the Iranian revolution. On January 16, 1979, the Shah of Iran fled the country and the Ayatollah Khomeini became the new leader of Iran. There was a serious drop in Iranian oil production in the wake of the revolution, and oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling the cost per per barrel. The sudden increase in price was connected with fuel shortages and long lines at gas stations similar to the 1973 oil crisis:


lines in June 1979 at a gas station in Maryland

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Under Ford, the Oil Embargo of 1974 caused gas lines.

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It had actually begun under Nixon, after the Yom Kippur War in the Middle East in fall 1973. Rising oil prices and the "energy crisis" continued under Ford after he took office in August 1974, but the rationing and the lines were early in the processs, during the Nixon administration.

I’d argue that the misery index was real under Carter- a combination of high inflation AND high unemployment. I don’t think our “ second event “ has yet occurred to go along with inflation. I think we are at the beginning of whatever this is. Another shoe will drop. Let’s ask this question again in 60-90 days.

Are you asking your friends and relatives which gas station might be open at midnight to be happy to get a 10 gallon limit of gasoline?

I didn't know any better under Carter.

Biden isnt running anything, he doesnt even know where he is... its Obamas 3rd term... carter was just an idiot... this is willful destruction...

Like to see Biden put on a tool belt in his 80's and build homes with HIS HANDS!