Oh, those were the days my friends, we thought they would never end. Then came Jimmy Carter.

[Mikeoxenormous]

MSN

• A single factory wage in 1975 could cover a mortgage, groceries, and a family vacation without a second paycheck.
• The median new home was roughly half the square footage of today's average new build, yet families considered it plenty.
• Union membership covered nearly a third of American workers in 1975, bringing pensions, job security, and benefits that have largely vanished from working life.
• State university tuition in 1975 ran about $600 a year — low enough that a summer job could cover it without borrowing a dime.
• Healthcare, leisure, and daily life carried a financial predictability that middle-class families today rarely experience.

https://www.bing.com/ck/a?!&&p=b062...hbGFpc2UrZWNvbm9taWNzJmZvcm09Q1NCUkFORA&ntb=1

Jimmy Carter and the “Malaise” Speech on Economic Stagnation​

In 1979, President Jimmy Carter delivered a televised address on July 15, now known as the “Malaise” Speech, in response to a deepening economic and social crisis. The term “malaise” did not appear in the speech, but it became a label for Carter’s blunt critique of American consumerism and national direction Marketplace.

Economic Context​

By the late 1970s, the U.S. economy was suffering from stagflation — high inflation combined with high unemployment — a phenomenon that defied Keynesian economic theory Bill of Rights Institute. Causes included:

• Energy crisis: OPEC oil embargoes and price hikes after the 1973 Yom Kippur War, tripling gasoline prices US History.
• Inflation: Rising oil costs pushed prices of goods and services into double digits US History.
• Unemployment: Approaching 10%, undermining the postwar “full employment” norm US History.
• Deindustrialization: Jobs moving overseas, weakening domestic manufacturing Bill of Rights Institute.
• Government spending: High fiscal deficits and a declining dollar Bill of Rights Institute.

I remember those days well. We didnt live in a big house, you know on millionaire row, we were in a nice neighborhood, where you could go out on a bicycle and spend all hours of the day exploring the world, just as long as you were in by dinner time. But that damn inflation, and unemployment, with gas lines of odd days and even days. It became real hard to make a buck then, so i joined the Air Force, not just to get food and a place to stay, but skills that would later on in life, enable me to be a very successful stock trader.

When Jimmy Carter allowed mentally ill child rapists out of the insane asylums, all in the name of liberal compassion, that was the real end of the good ole days. Everyone had to lock their doors and watch out for the kids.

 

[Mikeoxenormous]

MSN

https://www.bing.com/ck/a?!&&p=b062...hbGFpc2UrZWNvbm9taWNzJmZvcm09Q1NCUkFORA&ntb=1

Jimmy Carter and the “Malaise” Speech on Economic Stagnation​

In 1979, President Jimmy Carter delivered a televised address on July 15, now known as the “Malaise” Speech, in response to a deepening economic and social crisis. The term “malaise” did not appear in the speech, but it became a label for Carter’s blunt critique of American consumerism and national direction Marketplace.

Economic Context​

By the late 1970s, the U.S. economy was suffering from stagflation — high inflation combined with high unemployment — a phenomenon that defied Keynesian economic theory Bill of Rights Institute. Causes included:

• Energy crisis: OPEC oil embargoes and price hikes after the 1973 Yom Kippur War, tripling gasoline prices US History.
• Inflation: Rising oil costs pushed prices of goods and services into double digits US History.
• Unemployment: Approaching 10%, undermining the postwar “full employment” norm US History.
• Deindustrialization: Jobs moving overseas, weakening domestic manufacturing Bill of Rights Institute.
• Government spending: High fiscal deficits and a declining dollar Bill of Rights Institute.

I remember those days well. We didnt live in a big house, you know on millionaire row, we were in a nice neighborhood, where you could go out on a bicycle and spend all hours of the day exploring the world, just as long as you were in by dinner time. But that damn inflation, and unemployment, with gas lines of odd days and even days. It became real hard to make a buck then, so i joined the Air Force, not just to get food and a place to stay, but skills that would later on in life, enable me to be a very successful stock trader.

When Jimmy Carter allowed mentally ill child rapists out of the insane asylums, all in the name of liberal compassion, that was the real end of the good ole days. Everyone had to lock their doors and watch out for the kids.