Build Coal-to-Oil Conversion Plant Now!

Apr 21, 2006 26 Replies

Carter did little to help the economy. He did cut military pay which demoralized the troops and created an exodus of talented Officers and NCO's, but he continued to run the country on deficit spending. Who can forget stagflation - where interest rates outpaced inflation and the prime reached an unprecedented 21 percent in 1980.

Worse, with inflation running high, the Democratic Congress voted to index payments for several major entitlement programs. As the national debt grew, the annual interest payments on that debt grew as well. In four years, Carter?s total deficits totaled 227 billion dollars ? more than Johnson, Nixon, and Ford combined, and he drove the national debt close to a staggering 1 trillion dollars.

Found this, gas prices per year.

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tom

How how true it is that the first gas crisis came under Nixon or the prices went up under Bush.

Jeff

(...)

And what is Bush's annual deficit now?

Did Carter get us into a war which he can't finish?

Carter was a lousy President, however.

Jeff

Carter will be remember in the history books for his failure in Iran that has indeed led us into war today, and maybe again tomorrow, as well as the years of stagnation and double digit inflation that wiped out the value of everyone savings, investments and pensions. It was not until almost three years into Reagan's first term until the tax rate cuts lead to the dynamic grow in the country up to the end of the century.

mike hunt

Price go up not matter who is President. The difference is the Dimocrats raise the tax on gasoline as well ;)

mike hunt

Who are the dimocrats? Or is your arguement so week that you have to do namecalling?

Raising taxes on gasoline will decrease the use of gasoline and improve efficency.

Jeff

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