View Single Post
Old 01-11-2015, 02:39 PM  
Vendzilla
Biker Gnome
 
Vendzilla's Avatar
 
Industry Role:
Join Date: Mar 2004
Location: cell#324
Posts: 23,201
Quote:
Originally Posted by Robbie View Post
I'm not of the belief that Carter "made a mess".

OPEC caused a gas shortage by cutting back production which all but destroyed the U.S. economy.

For whatever reason, Carter's failure was his inability to get OPEC to go back to their higher production levels.

And for whatever reason...they did just that while Reagan was in office.

Lower fuel prices always stimulate the economy (just like it's doing right now)
I was off the coast of Iran in the last few months of the Carter administration, Carter had ZERO effect in that matter and Reagan took office and we all went home.

Inflation was terrible under Carter as well and yes Reagan got OPEC to produce more which killed the USSR economy, just like lower prices are doing now to Russia. Do you remember the price freeze that Carter did? I don't agree with everything that Reagan did, but the US was in a lot better place when we got him in office.

Also under Carter we had gotten way behind in military technology. Reagan fixed that. Our fleet was in really bad shape! Carter cut the military budget 6 billion in his first month of office.

And as far as Opec I believe, the embargo was put in place because of the US giving Israel weapons, then the government put in regulations on the oil industry. Reagan got rid of those regulations which got the production back up and gas prices down
__________________
Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that
Vendzilla is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote