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To: Eyes Unclouded

Inflation is something that even college kiddies and union workers will have to face every single day. FDR could survive a decade of unemployment but Carter was wiped out after just one term of inflation.


7 posted on 11/06/2010 11:29:26 PM PDT by ari-freedom (Ding dong the Pelosi is gone!)
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To: ari-freedom
FDR could survive a decade of unemployment but Carter was wiped out after just one term of inflation.

Partly true, but both presidents had both. FDR in particular created instant 70% inflation by confiscating gold at $20.67 then raising it to $35. Both had in common the intrusion of federal government into large new areas of previously local and private control. Those bring down the economy by eliminating family financial autonomy (SS), pumping up unions, destroying the economic drivers in education, etc.

20 posted on 11/07/2010 5:57:33 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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