Yeah, good luck with that. Joe's handlers consider themselves lucky if they can keep him from wandering off the stage.
Voice in Joe's earpiece: "Don't move!"
The blind leading the blind on that one.
Carter was incompetent. Biden is incompetent. But at least in Carter’s day the government was run by adults. Biden’s government is staffed by a hellish mix of greenies, socialists, and social justice warriors.
This cannot end well.
Boy, you know you are BAD when THOSE people are panning your ideas and decisions.
Notice they all want to blame it on some intern. The intern is probably the most knowledgeable of their entire administration.
I wish I were joking.
Boy, I’ll bet this took some of the flatulence out of Jo Jo and his mail order VP.
I am surprised Blumenthal admitted Carter’s economic decisions in the 70s were mistakes.
I am even more surprised that he was permitted to publicly admit that Biden- Harris-Obama are repeating those errors now!
I used to work for Michael Blumenthal, I was working for Burroughs Computer Corporation when he became CEO in the early 80s, he engineered the merger with Sperry-Univac and changed the name of the company to Unisys, the demise of both companies was inevitable, but he certainly did not succeed in keeping either company alive.
With respect to his current statements, I agree with, interest rates need to be substantially higher, spending needs to be cut and the energy sector needs to be unleashed, all things the Biden Administration will not support
Yeah, good luck with that. Joe's handlers consider themselves lucky if they can keep him from wandering off the stage.
LBJ happily destroyed the nuclear family. He was not thinking of anything but re-electing Democrats.
Carter was incompetent and a fool, but honest and smart. Biden is 1) stupid, and always has been 2) thoroughly corrupt, and always has been 3) evil, and always has been. What is happening to this country and the world is not from incompetence. It is intentional.
10% interest rate on home loans during the Carter administration is what I remember although we bought a new 3 bedroom home for 25K.
“He doesn’t think Biden has grasped what he has to do.”
Bwahahahaha!
It is not just interest and government spending. It also includes the deliberate increase in fuel prices which impacts all sectors of the economy.
Inflation is a really bad thing.
Once started, it kind of feeds on itself, in an hellish spiral. People whose salaries and other income are loosing purchasing power demand increased compensation. That then causes even more inflation. And so on!
Very hard to stop until major actions, including sacrifices are taken.
Often leads to major social unrest and uprisings.
Hold unto you seeds, folks. We are going to have interesting times.
I just hope, I do not loose “everything”.
Carter actually cared about the USA.
So he took all the unpopular measures on itself. It gave the presidency to Ronald Reagan, impoverished many people, but got the inflation under control.
I am afraid that this admin. does not have the guts to do the right things. So they will just keep printing money and kicking the bucked town. That will make the matter even worse, but “we need to save our Democracy!”
Unless it’s drill baby Drill and reverse everything the POS in the WH has done, come november there will be a Yuge reckoning!
Even tattoo and piercing artists, baristas and sex change Docs have to eat and drive!
“the men who were advising Carter on what to do about prices...”
In other words, the men whose advice accomplished absolutely nothing to stop inflation during Carter’s term.
It’s so simple. Just decrease business regulation (like Trump and Reagan), ‘drill, baby, drill’, and stop using our money to bribe people into voting for them. Stupid Keynesians. They didn’t get it in 1971, 1979, or now AND THEY NEVER WILL.
“during the Carter administration, when inflation soared to double digits, reaching 14% in 1980.”
It’s much worse than that now.