Bob Maxey
Android Expert
Clinton=8yrs, Monicagate, which really didn't harm the country.
I am not so sure. We need our leaders to be above reproach and the Monica issue sent a bad message.
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Clinton=8yrs, Monicagate, which really didn't harm the country.
... As far as the War on Drugs I do think it is a failure and it's sad that it disproportionately hits minorities but it's revisionist history to lay it all at the feet of Reagan. ...
I am not so sure. We need our leaders to be above reproach and the Monica issue sent a bad message.
I do not care if Obama is half black or one quarter German. He is 100% unqualified which is all any of us should care about.
Wow I thought we were going to have a discussion on the topic of being able to trace the lineage of a man whose been dead for 300+ years.
Seemed like the OP's intent in the first post even though he twice ignored calls to get this thread back on his original topic.
Mods, would this not be cause to change the title of this thread.
Wow I thought we were going to have a discussion on the topic of being able to trace the lineage of a man whose been dead for 300+ years.
Seemed like the OP's intent in the first post even though he twice ignored calls to get this thread back on his original topic.
Mods, would this not be cause to change the title of this thread.
And your point? What you wrote doesn't change the fact the Reagan had the stones to allow Volcker to end stagflation and Carter did not.
So you do not really understand why going to a church for more than 20 years where the pastor is so incredibly racist is a cause for concern for some of us? It does not take much research to determine that indeed, the pastor he praises is racist and hate filled. Too bad you think this is acceptable for a man that wants to lead the free world. ...
Yeah, that was why Carter appointed Volcker to a 4 year term and Reagan didn't reappoint. Once appointed to the FED, politicians have no control on the actions of the Federal Reserve members.
Aaaaaanywaay,
(you guys are way off topic and terribly boring.) Can I assume the first slave was not very good at code-switching, and his (I also assume the first slave was male) best attempts at it were through using colloquialisms for the plural 'you all' as well elision in places it's clear he was not used to using them?
Reagan didn't reappoint Volcker? Carter appointed Volcker to a 4 year term in 1979. Carter left office in 1980 and was succeeded by Reagan yet Volcker served as Fed Chairman until 1987. You see where I'm going here?
Ummmm.... What??
Reagan didn't reappoint Volcker? Carter appointed Volcker to a 4 year term in 1979. Carter left office in 1980 and was succeeded by Reagan yet Volcker served as Fed Chairman until 1987. You see where I'm going here?
... Reagan was right to do what he did. ...
Should have stated not reappointed by Reagan in 1987 because Volcker wasn't a proponent of de-regulating the financial market. Volcker's view on monetary policy was well known to Carter when he appointed him and those policies of rising interest rates were implemented during Carter's term, which contributed to his election defeat by Reagan.
1980 was a miserable year for President Carter as well. Inflation, unbelievably high interest rates, a desultory stock market, and the Iranian hostage crisis. Carter went against the policy of the Fed and instituted his own policy of "special credit controls" whereby special requirements were placed on the reserves of banks and credit card companies. Volcker sat by, not wanting to be seen playing politics. Like the price controls of President Nixon, the credit controls worked for a spell and rates declined, only to soar anew.
Reagan won the election that November and, as soon as the votes were tabulated, Volcker began to tighten interest rates more. The federal funds rate, which had averaged 11.2% in 1979, peaked at 20% in June 1981. The prime rate rose to 21.5% in '81 as well.
Treasury Bills hit 17.3% and the long-term bond was on its way to 15.3%.
Upon taking office, Ronald Reagan said that the country faced the threat of economic calamity. But many would say his preferred policies of tax cuts would encourage spending and investment and thus hamper Volcker's effort to kill inflation, once and for all.
Reagan, though, certainly understood the importance of ending the inflation threat and he was willing to endure a deep recession to accomplish this. Already, early in 1981 there were reports that he would be a one-term president.
But while Reagan would remark at cabinet meetings, "Why do we need the Federal Reserve at all?" he let Volcker operate with little interference.
I would love to see exactly where these geneologists got their degrees.
Wrong again. Carter undermined Volcker, Reagan supported his efforts:
Per a Richmond Federal Reserve study Carter didn't undermine the Fed Chairman he appointed.
The issue of credit controls arose again on
February