Everything that is happening in our fractured nation today seems so worrisomely reminiscent of America's last lost decade - the 1970s.
Everything that is happening in our fractured nation today seems so worrisomely reminiscent of America's last lost decade — the 1970s.
Every time inflation rose, the economic whiz kids in Washington assured us the high prices were just temporary. When prices kept rising, Carter blamed corporate greed and installed price controls and windfall profits taxes — which only made problems worse. The new term that slid into the American lexicon was "stagflation." This was the combination of high prices and sluggish economic growth.President Joe Biden's prescription for the U.S. economy isn't to reverse course. It is Carterism on steroids. More price controls, higher taxes on the rich and businesses, and another $2 trillion in spending on programs like student loan "forgiveness," green energy subsidies, and mortgage relief programs.
When the vast majority of Americans say they are financially worse off, he doesn't feel their pain. He shames them for not appreciating the wonderful things he's done and the virtues of Bidenomics.
Gerald Ford Jimmy Carter Economy
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