Reagan gave us one of the best economic periods in our history,
Sure for rich people and corporations.
RWNJ's STILL think the "trickle-down" economy works.
Caused a recession, a stock market crash, and an 11% unemployment rate.
It hasn't balanced a budget...............................ONCE....................in 42 years.
Almost tripled the debt and has been increasing it EVERY time they pass them.
Smokin...after one of the worst with Carter.
RWNJ's blame Carter for a global issue.
The
1973 oil crisis or
first oil crisis began in October 1973 when the members of the
Organization of Arab Petroleum Exporting Countries led by
Saudi Arabia proclaimed an oil
embargo. The embargo was targeted at nations that had supported Israel during the
Yom Kippur War.
The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to
Portugal, Rhodesia and South Africa.
By the end of the embargo in March 1974,
[2] the
price of oil had risen nearly 300%, from US$3 per
barrel ($19/
m3) to nearly $12 per barrel ($75/m3) globally.
The
1979 Oil Crisis, also known as the
1979 Oil Shock or
Second Oil Crisis, was an
energy crisis caused by a drop in
oil production in the wake of the
Iranian Revolution. Although the
global oil supply only decreased by approximately four percent, the oil markets' reaction raised the
price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m3). The spike in price was connected with fuel shortages and long lines at
gas stations similar to the
1973 oil crisis.
In 1980, following the onset of the
Iran–Iraq War, oil production in Iran fell drastically.
Iraq's oil production also dropped significantly, triggering
economic recessions worldwide. Oil prices did not return to pre-crisis levels until the mid-1980s.
RWNJ's blame Biden for a global issue.
All the countries that rely on China are experiencing supply chain shortages, who was the president who signed a trade deal with China that INCREASED trade with them by $200 billion?
US worker shortages are due to companies paying crappy wages and benefits.
Long haul and port truckers aren't making shit, compared to their expenses and waiting hours to unload and get loaded, which very few of them get paid for, they are STILL paying drivers $50 for waiting over 4 hours, if at all.
Carriers were paying that much 30 years ago when I was driving.
Oil price right now, thanks to OPEC is $98 a barrel.............GLOBALLY.
RWNJ's gave Bush a pass for something he created and STILL tried to blame democrats.
RWNJ's gave Trump a pass for something he created and are STILL blaming democrats.
Biden is now giving us the same after Trump. Joe Biden is Jimmy Carter without the accent.
Trump is Reagan, without the brains.
The American people curse him every time they fill up at the pump or check out at the grocery store.
I'm sure RWNJ's blame Biden every time they stub their toe or step in dog shit too.