[Alberta's Child]

During the Carter years workers still had a lot of union political power to increase wages along with inflation.

This is why the economy grew in leaps and bounds in the Carter years -- right?

Dude -- the Carter years were a period of economic malaise, not massive growth. In fact, the term "stagflation" was coined to describe the unusual combination of economic conditions back then: anemic growth combined with very high inflation.

It says a lot about your perspective that you'd look back on those times as a standard to follow. Who cares about what most Americans are experiencing, as long as union workers have a lot of political power to buy off politicians and keep themselves paid well while everyone else is getting screwed?

Do you even belong on this website?

[central_va]

Ok do you agree that only one of these three statements is true.

1. Lowering Federal funds rate stimulates GDP growth
2. Raising Federal funds rate slows GDP growth
3. Lowering or raising federal funds rate has no effect on GDP.

   If you agree pick one. If not explain please.