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May 25, 2019, 09:45:29 pm
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Author Topic: President Trump- The Implications  (Read 330715 times)
heironymouspasparagus
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« Reply #3960 on: May 09, 2019, 08:27:03 pm »

Didn't LBJ try that to pay for the war in Vietnam, causing hyper inflation in the early 70s? I think interest rates were nearly 20% when Nixon  enacted wage and price controls. Imagine a Republican even proposing that now.

I realize this is going back a ways, but it is very pertinent today, since we are escalating toward war on several fronts once again.  As a screen to divert attention from criminal activities.

No.  Nixon enacted W & P to stem the "massive inflation" we were seeing at the time of about 6%.  As a diversion from his criminal activities - kinda like what we are seeing today.   And as one would expect, this created the real inflation problem that came about promptly after.  None of the 3 following (Ford, Carter, Reagan) did anything that helped until the economy "fixed" itself in the later 80's.  Engineers understand the concept of impulse function - wage and price controls are one HUGE impulse function!  Creates oscillation for a long time...on top of the already oscillatory nature of the economy.

The debt history site shows that there really wasn't much change in debt during this entire time - from 1950 to 1970 there was "only" a 40% increase in the debt.  From 1970 to 1990, there was an 860% skyrocketing out of control increase in debt.  Big difference, vast majority from the Reagan times.
https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm


It was also Nixon's war from the 1968 election on - for the next 7 years!  It was LBJ's war for less than half that time - escalation really started in 1965-1966..about 3 years.  (But LBJ's bullsh$t approach cost us 16,000+ killed in just that one year - 1968!)  If you read the Tulsa World or Tribune, you got to read the casualty lists every day.  There were always a lot of names.  Way too many...  But I divest - back to inflation.


This link gets it reasonably close but doesn't tell the whole story - like how the inflation went from 14% in late 1980 to 6% in early 1981.  (It didn't.  Note the discrepancy of the text and the graphs on second link.)  People blame Carter and give Reagan credit, but what really happened is they way inflation was calculated was changed.  If the old way have been used in 1981 it would have been closer to the 10% range.  Very much a Kobayashi Maru moment....if you don't like the results, change the rules in mid-game.
 
https://inflationdata.com/articles/inflation-cpi-consumer-price-index-1970-1979/

https://inflationdata.com/articles/inflation-cpi-consumer-price-index-1980-1989/


Vietnam war info.

https://www.militaryfactory.com/vietnam/casualties.asp
« Last Edit: May 09, 2019, 08:29:01 pm by heironymouspasparagus » Logged

"So he brandished a gun, never shot anyone or anything right?"  --TeeDub, 17 Feb 2018.

I don’t share my thoughts because I think it will change the minds of people who think differently.  I share my thoughts to show the people who already think like me that they are not alone.
patric
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« Reply #3961 on: May 13, 2019, 07:03:13 pm »

@realDonaldTrump  --

Democrat Rep. Tlaib is being slammed for her horrible and highly insensitive statement on the Holocaust. She obviously has tremendous hatred of Israel and the Jewish people. Can you imagine what would happen if I ever said what she said, and says?  7:09 AM - 13 May 2019



Real world  --

https://thinkprogress.org/republicans-smear-rashida-tlaib-comments-israel-palestine-one-state-holocaust-9cdc5acf126c/
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patric
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« Reply #3962 on: May 21, 2019, 11:50:24 pm »

Didn't LBJ try that to pay for the war in Vietnam, causing hyper inflation in the early 70s?



Trump suddenly reverses course on Iran, says there is ‘no indication’ of threats

https://thinkprogress.org/trump-says-no-indication-of-threat-from-iran-2084505cdbdb/

And were surprised?   This is how children behave (or at least one that can toy with the lives of 120,000 American troops).
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patric
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« Reply #3963 on: Today at 10:20:07 am »

Real presidents just commission paintings of themselves, not 200-mile-long monuments.


Trump has pushed for border wall contract for a company whose top executive frequently appears on Fox News and donates to the GOP
https://www.businessinsider.com/trump-border-wall-contract-top-executive-fox-news-donates-gop-2019-5

‘He always brings them up’: Trump tries to steer border wall deal to North Dakota firm
Trump immediately brought up Fisher Industries, a company that sued the U.S. government last month after the Army Corps did not accept its bid to install barriers along the southern border, a contract potentially worth billions of dollars.


https://www.washingtonpost.com/immigration/he-always-brings-them-up-trump-tries-to-steer-border-wall-deal-to-north-dakota-firm/2019/05/23/92d3858c-7b30-11e9-8bb7-0fc796cf2ec0_story.html
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