When Democrats are in charge

[WTH_Progs?]

It's interesting how the last time we had runaway inflation it was built on Democrat POTUS & congress watches. The inflation rate has increased every month since they took over.

It's also interesting how the "Bush" recession dipped into its lowest level on a Democrat POTUS & congress' watch as well.

Same for misery indexes, which like inflation have increased every month on Biden's watch. Today it stands at approx. 12.50. Ironically, it's nearly as bad as April-May 2020 when Democrats shut everything down.

But today everything is open, and the misery index saw improvement on Trump's watch.

U.S. Inflation Report: Inflation Continued to Worsen in March, as Gas and Rent Costs Rose (Published 2022)

www.nytimes.com

Misery Index

The misery index shows how people are doing economically by adding the inflation and unemployment rate.

inflationdata.com

 

[Moonglow]

Inflation was high during Reagan, Nixon, Ford, Carter... Your blind partisanship can't rewrite history. The big difference now is that there are many jobs available.

 

[Votto]

It's interesting how the last time we had runaway inflation it was built on Democrat POTUS & congress watches. The inflation rate has increased every month since they took over.

It's also interesting how the "Bush" recession dipped into its lowest level on a Democrat POTUS & congress' watch as well.

Same for misery indexes, which like inflation have increased every month on Biden's watch. Today it stands at approx. 12.50. Ironically, it's nearly as bad as April-May 2020 when Democrats shut everything down.

But today everything is open, and the misery index saw improvement on Trump's watch.

U.S. Inflation Report: Inflation Continued to Worsen in March, as Gas and Rent Costs Rose (Published 2022)

www.nytimes.com

Misery Index

The misery index shows how people are doing economically by adding the inflation and unemployment rate.

inflationdata.com

No one worry their pretty little head

Biden has the pulse of the average person who is really concerned about "ghost guns".

Biden announces rule making 'ghost guns' illegal as part of comprehensive gun crime strategy

President Biden on Monday announced that the Justice Department issued its long-awaited final rule to rein in the proliferation of “ghost guns,” making it illegal for a business to manufacture firearms without serial numbers.

www.foxnews.com

All this crying over not being able to afford gas and food and shelter, is just pure stupidity.

As Clinton once said, "It's all about ghost guns stupid"

 

[WTH_Progs?]

Inflation was high during Reagan, Nixon, Ford, Carter... Your blind partisanship can't rewrite history. The big difference now is that there are many jobs available.

Inflation reduced on Reagan's watch, he took over after the turd left by Democracks.

Why didn't you mention the democracked congress? The democracks controlled both houses under Nixon & Ford.

In fact, as the OP says, when inflation is highest the Demoncruds are the majority in the house & senate. How come?

 

[Votto]

Democrats have no power over inflation, like they have no power over Covid killing more people than under Trump

However, Trump was responsible for all Covid deaths under his watch, and just because there was no mass inflation under Trump it is probably also his fault somehow

Lost my train of Left wing lunatic thinking, sorry.

Still working on all the details.

 

[Moonglow]

Inflation reduced on Reagan's watch, he took over after the turd left by Democracks.

Why didn't you mention the democracked congress? The democracks controlled both houses under Nixon & Ford.

In fact, as the OP says, when inflation is highest the Demoncruds are the majority in the house & senate. How come?

Inflation did not come down until he jacked up interest rates...It sucked getting loans in the 1980s along with scarce jobs and low pay...

Reagan's administration is the only one not to have raised the minimum wage. The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, in part because the Federal Reserve increased interest rates (prime rate peaking at 20.5% in August 1981).

July 1981–November 1982. Lasting from July 1981 to November 1982, this economic downturn was triggered by tight monetary policy in an effort to fight mounting inflation. Prior to the 2007-09 recession, the 1981-82 recession was the worst economic downturn in the United States since the Great Depression.

 

[Moonglow]

Carter inherited a bad economy from Ford

Ref. Carter took office during a period of "stagflation", as the economy experienced both high inflation and low economic growth. The U.S. had recovered from the 1973–75 recession, but the economy, and especially inflation, continued to be a top concern for many Americans in 1977 and 1978.

 

[Moonglow]

You think today's inflation is bad, you should have starved with us in the 1970-1980s, it didn't get good until Clintoon

Pessimistic consumers, the debt accumulations of the 1980s, the jump in oil prices after Iraq invaded Kuwait, a credit crunch induced by overzealous banking regulators, and attempts by the Federal Reserve to lower the rate of inflation all have been cited as causes of the recession.


What did Clinton do for economy?


The U.S. had strong economic growth (around 4% annually) and record job creation (22.7 million). He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy.

 

[Moonglow]

Now, do you understand that this ain't shit to what us old-timers lived through with GOP leaders?

 

[BlindBoo]

Inflation reduced on Reagan's watch, he took over after the turd left by Democracks.

Why didn't you mention the democracked congress? The democracks controlled both houses under Nixon & Ford.

In fact, as the OP says, when inflation is highest the Demoncruds are the majority in the house & senate. How come?

Carter’s immediate challenge was the combination of inflation and unemployment. President Nixon had created inflation by ending the gold standard in 1971. As a result, the dollar's value plummeted on the foreign exchange markets. Import prices rose and created inflation. Nixon tried to stop it with wage-price controls in 1971. That cramped business growth and increased unemployment.3

The Federal Reserve fought the resultant slow growth by lowering interest rates. The economy improved, creating millions of jobs. But inflation threatened the resulting prosperity. In 1979, President Carter appointed Paul Volcker as the Fed chair. He raised interest rates and ended double-digit inflation.4

How Carter Created Jobs, Fought Stagflation, and Brokered World Peace

Jimmy Carter was the U.S. president from 1977 to 1981. He created 9.3 million jobs, fought stagflation, and brokered the Camp David Accords.

www.thebalance.com

 

[PinktheFloyd88]

When Democrats are in charge​

Yes, yes we know. When Democrats are in charge the unemployment rate is under 5%

When GOP are in charge unemployment is 15%.

You don’t have to keep telling us

https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report/

 

[Stashman]

Inflation was high during Reagan, Nixon, Ford, Carter... Your blind partisanship can't rewrite history. The big difference now is that there are many jobs available.

Thank goodness we have all those McDonalds.

 

[SassyIrishLass]

When Democrats are in charge​

Yes, yes we know. When Democrats are in charge the unemployment rate is under 5%

When GOP are in charge unemployment is 15%.

You don’t have to keep telling us

Unemployment was 15% under Trump?

Cite it

 

[Moonglow]

When Democrats are in charge​

Yes, yes we know. When Democrats are in charge the unemployment rate is under 5%

When GOP are in charge unemployment is 15%.

You don’t have to keep telling us

https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report/

HW Bush was handed a good economy yet when he left it was fucked.

 

[Moonglow]

Thank goodness we have all those McDonalds.

There are no McDonalds where I live they are twenty miles away...Is that the extent of your knowledge of US economic data?

 

[Stashman]

Bush was no conservative neither of them were.

 

[Stashman]

There are no McDonalds where I live they are twenty miles away...Is that the extent of your knowledge of US economic data?

Same here but I'm not looking for a job.

 

[Moonglow]

Unemployment was 15% under Trump?

Cite it

Unemployment was 15% under Trump?

Cite it

April 2020 unemployment rate..

In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948.Aug 20, 2021

 

[Moonglow]

Same here but I'm not looking for a job.

I make my jobs by having trades...

 

[Moonglow]

Bush was no conservative neither of them were.

They were Republicans, no?