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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (239962)	12/16/2013 10:46:00 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 542149

I know Volcker raised interest rates. He raised them and raised them and raised them. Given Carters demonstration for being bold, I don't think for a second if he had been reelected that he would have held his ground - he sure wouldn't have lent support by firing the air traffic controllers. Everything about Carter was that he was soft and non-confrontational. You are welcome to having another opinion, but you would be arguing for the case that all of sudden Carter had changed. As a person he was a great man - as a President he was weak. Thus an approval rating hovering around 30% when he left. As to clueless; are you arguing that 11.2% federal funds rate wasn't high? Anyone who argues that hasn't a clue as to what high interest rates do to the economy. Good gosh!!! I used the example of the WPPSS as a case in point. Many many people lost their life savings by trying to keep up with inflation and sinking their money in supposedly safe bonds of a utility.