I'll give you a real world example. I was in college during Carter's presidency, but in the summer, I would get a job. When I went to the state employment office, one could literally spend all day looking through all the listings. Every kind of job possible. A few years later, in the middle of Reagan's presidency, in the state employment office, all the listings fit one or two sheets of paper. I can see why you think things are differently. That is the job of right wing media. You should also know, the rise of women began in the seventies. Modern feminism got its legs in the Civil Rights movement of the late sixties and exploded in the seventies with women swarming into the job market. The two core navigators behind the current Democratic party, are women, and high tech. And by high tech I mean the educated and creative communities, the innovators that drive our economy.
No part of this fairy tale changes the fact you tried to move the goalposts to cover a claim you knew to be false.
True. 1981-1988: +2.5 -1.8 +4.6 +7.2 +4.2 +3.5 +3.5 +4.2 In 2012 dollars, the GDP increased 31.2% under Reagan, including a year of retraction.
And the monetary supply only expands if the economy is expanding, if the Fed is doing their job, which they usually do.
Not sure what the point of your anecdote is, when Carter left office unemployment was just under 8%, when Reagan left office it was 5.5%. Not Trump's level but still better than the failed Carter.
Throughout Carter's presidency the unemployment rate was lower than throughout most of Reagan's presidency.
It's historical fact... not in dispute I might add. Who wrote the Federal Reserve Act?? Who were the money powers behind FDR?? Who ran FDR's recovery programs?? They used to be called The Money Trust, or were commonly referred to as "Robber Barons". Today Americans don't even know who they are. Witness you
I have heavily read on the subject. I've heard all the arguments. All in all I think that we are better off with the Federal Reserve. It didn't begin with FDR, it was Alexander Hamilton who first brought up the idea. It was Teddy Roosevelt who brought progressive ideas to the American public and Woodrow Wilson, who gave us the Federal Reserve. It was a compromise between competing sides. The Libertarian Party was founded on the the mistaken notion that the value of money had to be tied to a commodity. It is a much better system that allows it to float without a fixed point. It may seem weird to you, but everything works better that way.
Really? The person i quoted perfectly illustrates my point. The left is the party of zero tolerance....exactly opposite of what they portray themselves to be. Their actions are exactly what i was referring to. It's not some old irrelevant talking point....it is today's reality. You and everyone else knows it. You will never admit it, just like you won't defend what you said.
Being as the Republican message has long been geared towards non-college educated blue collar people who have strong religious beliefs, the Democratic Party went the other way. That is the Democratic party primarily markets to the professional class. The obvious intellectual gap makes it easy for liberals to dismiss conservative ideas, and for good reason.
When did I say the Fed started with FDR?? And if you think the Fed came about b/c of Wilson, then I would argue you haven't read much on the subject at all. Who put Wilson in the WH??
If anything you said was even close to being true, you wouldn't have 20 candidates trying to pander to the most uneducated voters and those supposedly not allowed to vote. It was great to see your elitism on full display though.
Ha, according to this image, Obama is second worst. By the way, why doesn’t Obama’s line doesn’t show negatives in first years? I sense bias.
This is a common misconception. People with good education and a lot of experience are generally very conservative. We all (almost all) start as bleeding heart liberals in college and by the time we are 30 we tend to start switching to the conservative side. When I was in college, my BS degree environment was very liberal. Masters degree environment was an absolute flip to the other side. Many college students think conservatives will die out only to become conservatives themselves once they actually taste real life. There are still lots of old ultra liberal whackos running around, but they are more of an exception to the rule.
The Republican Party began as a liberal party which came to a head under Teddy Roosevelt. In the late 1800's the so-called robber barons had risen to power. They were the economic royalist that FDR railed against. They pushed out Teddy and the progressives, giving the Republican Party its characteristic ties with the wealthy, and drove the progressives to the Democratic Party. It was during this transition that the Federal Reserve arose, mostly as a way to prevent economic panics, which had been plaguing the US since its founding. There was a big battle, a philosophical battle over government control verses private profit and the interest of the people verses the interests of the wealthy. It was a compromise.
The FedRes Act was written by Paul Warburg, who was a German Banker sent to the U.S. by the Rothschilds. It was the Rothschilds who were backing Alexander Hamilton, and it was the Rothschilds who were behind the 2nd Bank of the United States. Thankfully Andrew Jackson outmaneuvered the pro-bank jackals, and abolished the 2nd Bank in the 1830's. Jackson bought us more time to build our Republic. Without getting into the messiness of the Civil War, and the attempts of the Rothschilds to trap Lincoln into giving into their demands, which led Lincoln to printing "Greenbacks" (some of which were still in circulation into the 1960's) - it was J.P. Morgan (a Rothschild man) that was the principle shaker behind the financial panics of 1895 and 1907. It was Morgan that funded Teddy Roosevelt's Bull Moose Party run in 1912, with the goal being to split the Republican vote which would deny Taft another term. The Robber Barons wanted Taft out, and Wilson in, specifically b/c Wilson was completely under their control. Charles Lindbergh Sr. said upon passage of the FedRes Act that the Money Trust could now create booms and busts whenever they wanted. He predicted on that day that the Money Trust would create a period of inflation (the roaring 20's), and then deliberately crash the market and economy (1929, and the ensuing depression). This is widely understood information. Read Carroll Quigley's book Tragedy and Hope - Georgetown University professor and mentor to Bill Clinton.