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A HERETIC I AM

(24,875 posts)

6. Carter, like Obama, inherited a steaming bag of crap

Sun Aug 23, 2015, 02:17 PM

Aug 2015

The country had just wound down the Viet Nam war, and military spending, like housing booms, are good stimulus for the economy. Since Carter didn't have a giant war to spend money on, government spending contracted.

We also had massive inflation in the early days of the Carter administration so it is amazing that the growth numbers were as high as they were, considering, as I said, the bag of crap he had to deal with.

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Is it true that the economy grew better under Carter than Reagan [View all] gabeana Aug 2015 OP

Most likely, yet Sherman A1 Aug 2015 #1

Yes, because Paul Volcker had not destroyed the economy yet. roamer65 Aug 2015 #2

It's close; average annual GDP growth under Carter 3.3%, Reagan 3.5% muriel_volestrangler Aug 2015 #3

Thanks for the link and the #'s gabeana Aug 2015 #4

Conservatives forget how devastating the recession of 1980-1981 was JCMach1 Aug 2015 #5

Carter, like Obama, inherited a steaming bag of crap A HERETIC I AM Aug 2015 #6

Actually, most Democratic presidents inherit a steaming bag of crap tabasco Aug 2015 #7

Point well taken. n/t A HERETIC I AM Aug 2015 #9

I have to doubt it Reter Aug 2015 #8

much of the difference is how the growth was DISTRIBUTED: Reagan MisterP Aug 2015 #10

Yes. The economy has never grown under a GOP president. Rex Aug 2015 #11

Not the debt or deficits though... Motown_Johnny Aug 2015 #12