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forest444

(5,902 posts)

21. Well said.

Reply to jtuck004 (Reply #17)

Tue Aug 16, 2016, 10:01 PM

Aug 2016

Carter's energy policy, moreover, is what finally broke OPEC and popped the burdensome commodities bubble brought about by Nixon's pulling out of Bretton Woods (I bet Tricky Dick loaded up commodities futures as he was doing so too).

The fall in commodities prices beginning in 1980 helped push down inflation and interest rates by 1982, thus making the Reagan recovery possible.

Had it not been for Reagan we could have actually had all that without the trillions in extra debt or the S&P collapse - or Iran-Cocaine-Contra, or the crack epidemic, or Executive Order 12333 (the one that lets the NSA spy on Americans), or Al-Qaeda, or so many other unnecessary and deleterious things we could have easily avoided.

Qué será.

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Reagan benefited from the fact that Carter was able to break OPEC and thus pop the commodity bubble. forest444 Aug 2016 #12

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Interesting, how everyone now wants to piss on Carter. He wanted us to take our economy in jtuck004 Aug 2016 #17

Well said. forest444 Aug 2016 #21

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