MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
Why don't you factor in how much oil prices FELL from 81/82 on?Why don't you factor in the amount that interest rates fell from August of 82 on.
You mean interest rates where lower then than they are now? Interest rates zoomed up during the Carter administration because he thought debasing the currency was a good way to stimulate the economy. It didn't work then, and it isn't working now.
Why don't you factor in how much larger our manufacturing base was in 82 compared to 2009?
In dollar terms, it was about the same. The number of people employed will decrease as efficiency increases. That's inevitable.
They fell because Reagan got rid of Carter's silly price controls and rationing schemes. Now they are rising because Obama refuses to allow oil companies to drill anywhere.[/QUOTE]
Obama says they can drill anywhere they want, but that energy exploration shouldn't be solely devoted 95% to oil and 5% to alternatives. It's the states who still have moratoriums, like California and Florida who don't want their pristine beach views messed up by big oil platforms on the horizon.

