AT LEAST Odumbass didn’t get us 18% mortgage interest rates and gas-lines like Carter did.
That is about the only good thing I can think of to say.
. . . not for want of trying. Carter was a one-termer because he succeeded, pre-fracking, in lousing up the economy royally. To be fair, the Republican Party of Gerald Ford and Bob Dole was clueless about the economic import of overtaxation. It took Jack Kemp to make the case that government can overprice its “product" - legitimacy - with excessive tax rates. And that the result was not only economic slowdown but revenue shortfalls - and higher welfare expenses - as well.It’s amazing to think that for 40 years Democrats kept control of Congress with spending, and kept the Republicans out of power by the simple expedient of allowing the Republicans to raise taxes to pay for Democrat spending. And that, pre-Kemp, I actually thought that made sense.
But the point I wanted to make was that a FReeper who shall be nameless simply didn’t understand my point when I said that Frackers re-elected Obama. That wasn’t their objective at all, but by pursuing economic success they kept the economy afloat - and that kept Obama’s re-election chances afloat. As it was, Obama’s economy was a continual borderline recession. Without the success of the frackers, our economy would have been in a depression.