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ontheway · Posted: Fri Oct 12, 2007 9:27 am Post subject:

Carter (and Ford) inherited a disasterous economy created by Johnson and Nixon. Each took part of the blame for the failures of their predecessors.

The oil crisis was the result of Nixon's price controls that were still in place on oil. Unfortuately, Carter didn't know what to do about the economic problems and he did nothing to improve the situation, and quite a bit to worsen it.

(The one bright spot was Alfred Kahn who began airline deregulation under Carter. Kahn's original plan was for more regulation, but after he recieved a good letter explaining why he should deregulate, he reversed his plan.)

Carter wasn't as bad as FDR who kept making the little recession (that had been started by the Federal Reserve and deepened by the Smoot-Hawley tariff law) deeper and deeper until it became the Great Depression.

And now, the final economic catastrophy started by FDR, the lowering of the gold/dollar exchange ratio from $20 per oz. to $32 per oz. and finished by Nixon with his ending of the convertibility of the dollar to gold giving us a worthless fiat currency is finally starting to be felt.

Economies are very long-term things. There are few people who understand.

The disasterous effects of George Bush on the US economy will come home during the NEXT 10 to 20 years. This will be on top of the Nixon/LBJ(Vietnam War)/FDR effects that are still growing in their disasterous effects.

These policies have reduced the standard of living of the US by 95% from what it would otherwise have been and destroyed more than 100 million jobs around the world.

Without these evil presidents, the US standard of living would be 20 times what it is today, and the world would have largely caught up. At the same time, our energy consumption per capita would be less, worldwide.

merkurix · Joined: 21 Dec 2006 Location: Not far from the deep end.

wannago · Joined: 16 Apr 2004

ddeubel · Joined: 20 Jul 2005

I really get a kick out of all this "this president is better than that president' stuff. I thought the role of the Big man was long ago discredit in historical analysis especially regarding the economy (so many variables/factors at work there). An especially when talking about a democracy and modern institutions.

Fact of the matter is, a president is only decisive in terms of creating "atmosphere" and also in policy which has a direct cause - effect. Most usually WAR.

DD

ontheway · Posted: Sat Oct 13, 2007 6:06 am Post subject:

What FDR inherited was a typical government generated recession created by the Federal Reserve and made worse by Smoot Hawley. It was nearly over. FDR only had to get rid of the tarriffs to end the recession. His actions made the recession go on and on and on and get worse and worse and worse.

But the evil effects of what he did are with us to this day. Other than Nixon destroying the dollar, wage and price controls, oil crisis etc., FDR is the worst and most evil President of all time.

Check out the works of F. A. Hayek and Murray Rothbard, among others that I studied with, if you want to learn.

Kuros · Joined: 27 Apr 2004

igotthisguitar · Posted: Sun Oct 14, 2007 12:50 am Post subject:

Speaking of parallels:

FDR - Pearl Harbor, WW2 ( spend, spend, spend )

GW - 9/11, Middle East Crusade (WW3/4) etc, ( spend, spend, spend ) Idea

igotthisguitar · Posted: Sat Nov 24, 2007 8:17 pm Post subject:

Former US President In Bid To Save Nepal's Peace Process
Sat Nov 24, 3:22 PM ET

KATHMANDU, Nepal (AFP) - The former US president Jimmy Carter Saturday proposed a compromise between Nepal's government and former Maoist rebels to break the deadlock in a stalled peace process here.

The former rebels, who ended a decade of civil war a year ago and took key government posts in a landmark peace deal, want the immediate abolition of the monarchy. They are also demanding full proportional voting contrary to a "mixed" first-past-the-post and proportional representation system previously agreed.

Carter told reporters at a hotel in Kathmandu that the interim Nepal parliament should vote for a Republic immediately and the outcome could be ratified by a new government following elections.

"The interim parliament can declare with an overwhelming vote that a Republic is created in Nepal, to be confirmed by a simple majority of the newly elected members of the constituent assembly as their first order of business when the assembly convenes," Carter said.

Polls for the assembly that would decide the fate of the monarchy have already been postponed twice due to wrangling between political parties and the former rebels.

The dispute between the Maoists and the mainstream parties led the former rebels to quit the government in September throwing the peace process is doubt.

Carter also suggested that the present political stalemate could be ended by allotting "70 percent of the constituent assembly seats by proportional representation and 30 percent by first-past-the-post."

The 82-year-old former president said the Maoists had continued their violent activities, including extortion and harassment, adding that "such violence is unacceptable."

During his four-day visit Carter met with Prime Minister Girija Prasad Koirala, the former rebel leader Prachanda and other senior government officials.

http://news.yahoo.com/s/afp/20071124/pl_afp/nepalpoliticsus
;_ylt=AkUbS6Rhjflj01CfJCI6tlYDW7oF

Manner of Speaking · Joined: 09 Jan 2003

igotthisguitar · Posted: Sat Nov 24, 2007 9:02 pm Post subject:

Manner of Speaking · Joined: 09 Jan 2003

Do you think he would be a different person if he had served in the military?

And it isn't really necessary to highlight sections of what I wrote; it's a short paragraph. Just tell me what you think.

igotthisguitar · Posted: Sun Nov 25, 2007 6:19 pm Post subject:

Funkdafied · Joined: 04 Nov 2007 Location: In Da House

bacasper · Joined: 26 Mar 2007