Biden Is Following in the Same Economic Footsteps as Jimmy Carter – Inflation Here We Come

The Gateway Pundit ^ | 02/07/21 | Joe Hoft

[PeterPrinciple]

We need to be truthful, Trump did little to curtail spending.

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The truth of the matters is that the government IS the economy. If you slow down govt spending you do kill the economy.

He did what he could by trying to get efficiency and reduced regulations.

[volunbeer]

Agreed, but I think many of us would have liked to see him hold the line on some of the pork and bloat. With that being said, he did not have the clout (thanks GOPe) on Capital Hill to do it.

We will never know, but I think in a second term with a friendlier congress he would have cut some fat. He talked about it before he announced his run and he had a good understanding of the situation (or great instincts or both).

[Keyhopper]

Get pre-qualified ASAP

[econjack]

I remember that and I did worry. I was teaching Econ at Butler University at the time and knew that was not tenable in the long run. I bought $300K’s worth of Indiana University Zero Coupon Bonds (2010) that were deeply discounted (under $10K for the lot) because of the high market rate. Three years later, under Reagan, I sold them for more than triple what I paid for them. Carter was clueless...

[taterjay]

Wow. Great move. It did a real number on agriculture for awhile.