Earlier quoted context omitted.
What's frustrating is that a few years ago a recession was predicted, and we avoided that. But no one seems to have even mentioned it during the election. Am I just misremembering this? At least in the tech sector, lots of layoffs seemed to be attributed to the coming downturn.
Right? Biden actually pulled off a soft landing and got inflation under control. Just couldn’t land that messaging by the time it mattered.
Jimmy Carter has died
551–560 of 879 posts
Re: Jimmy Carter has died
#552Earlier quoted context omitted.
For these reasons, Jimmy Carter is my third-favorite president of the 20th century, behind my favorite, Calvin Coolidge, and my second-favorite, Dwight Eisenhower. I am a very big fan of Paul Volcker and I’m glad Jimmy Carter nominated him as chair of the Fed. I wish Reagan kept Volcker as chair during Reagan’s second term.
FDR doesn't make the cut?
Re: Jimmy Carter has died
#553Earlier quoted context omitted.
That replacement didn't last long. The Democrats had an absolutely historic filibuster-proof majority. It's a bit odd that blue Massachusetts would choose a Republican, even a relatively moderate one, to replace Kennedy, but for the Senate as a whole it was something of a reversion to the mean. He did not win re-election, and was replaced by Elizabeth Warren. It did derail the Democratic agenda, but mostly because Re…
> It's a bit odd that blue Massachusetts would choose a Republican, even a relatively moderate one, to replace Kennedy It feels that way, but let's remember that Republicans have held the governorship in Massachusetts for most of the past 30+ years. That's an interesting broader phenomenon, though. A number of other states have turned reliably blue in congressional and presidential elections while voting in Republica…
Those Republican governors in blue states try to run as "old fashioned" conservatives, more about economic policy than culture war. It can work within the state but less well when the national platform is at stake.
Re: Jimmy Carter has died
#554Earlier quoted context omitted.
Look a little harder. The people living through the 1970s knew how bad he was and chose to put him out. He had bad staff, bad relations with the overwhelmingly Democratic Congress, and we got the Mayaguez, iran hostage, stagflation, and other troubles too many to list. He was a bad president, a good man, and a great ex-president.
Most people I’ve spoken to about Jimmy Carter who were alive at the time seem to say the same as you. I’ve heard that living in America at the time was depressing and embarrassing. I have a feeling a lot of the praise for the man is from people who weren’t even around when he was president but have been fed some story about how he was great. I see a lot of praise for him online yet it’s very hard to find from the lip…
That gives me the impression that the 70's was simply a bad time with a good man in charge, when in those times people more or less want to be told "it's okay I'll fix it" with no plan in sight.
we're living through THAT in real time, so I guess history rhymes.
Re: Jimmy Carter has died
#555Earlier quoted context omitted.
He appointed Volcker, who ended stagflation eventually. And his predecessor was appointed by Nixon so it’s hard to blame Carter for this.
He ended inflation by causing a brutal recession through extreme interest rate hikes, which resulted in an irreversible shift in economic paradigms which caused the US to abandon its industrial lead as we faced recession, idle capital accumulation, and mass unemployment. The US became a deficit economy after that point. Nixon, though he caused the original shock, originally wanted to keep the Bretton Woods system int…
Neat. I'm born just in time for the sequel. I wonder how insulting it was back then to be told "we're doing fine" by the feds moments before disaster (that's where we are now).
wonder what we're moving to after the deficit economy. Can we do Coke bottle caps?
Re: Jimmy Carter has died
#556Earlier quoted context omitted.
That replacement didn't last long. The Democrats had an absolutely historic filibuster-proof majority. It's a bit odd that blue Massachusetts would choose a Republican, even a relatively moderate one, to replace Kennedy, but for the Senate as a whole it was something of a reversion to the mean. He did not win re-election, and was replaced by Elizabeth Warren. It did derail the Democratic agenda, but mostly because Re…
The ACA was a huge change. People generally know about the parts about mandates et al. The provisions for moving beyond paper was one of the biggest, and most relevant to people here. Examples are the use of electronic records, the incentives to actually use them (both for patents and for metrics), etc. Due to the market power of Medicare, it also changed payments from per procedure to per outcome. Many of these chan…
Within that framework the changes can be seen as significant. But that framework is widely despised in the US and considered insane everywhere else.
Re: Jimmy Carter has died
#557Carter was the most pro-Palestinian president of the 20th century. It's worth reading his book Palestine: Peace Not Apartheid . https://en.wikipedia.org/wiki/Palestine:_Peace_Not_Apartheid
I would argue that he was pro-peace. He wanted both Israel and Palestine to exist, not one at the expense of the other. Just as he peace treaty with Egypt was pro-Peace not pro-Egyptian. For this reason he opposed Israeli settlements in the West Bank saying they were leading to a situation akin to apartheid, eg https://www.amnesty.org/en/latest/campaigns/2022/02/israels-... It wasn’t very successful as a proposition…
Re: Jimmy Carter has died
#558Earlier quoted context omitted.
Stupid question but does that mean the “discount” comes from tax dollars? i.e. medical costs are spread out more but we’re also collectively spending more of our income on it?
The discount is from a knowledgeable entity who buys lots of healthcare knowing what they are buying (theoretically preventing fraud) and what competing healthcare providers are selling at, and also negotiating with the collecting purchasing decision of thousands or millions of insureds. Edit: since I can’t respond to comment below due to hitting too fast posting limit: Post ACA and pre ACA plans are completely diffe…
Re: Jimmy Carter has died
#559Earlier quoted context omitted.
I'm amused by the fact that everyone always blames the person who has been explicitly isolated from having any economic power, the president. The electorate just seems to bully the president in this regard.
The President has immense economic power, more than any other person in the US. One example is the ability to levy tariffs at a whim, make and break and alter trade treaties, appoint various economic players such as fed reserve members, and a host of other actions. What single person do you think has greater power?
That's a part of why the Feds levy a lot of independence. In this case, what the people want isn't always the best for them.
Re: Jimmy Carter has died
#560Earlier quoted context omitted.
FDR doesn't make the cut?
FDR did Japanese internment, tried court packing, and was arguably the first of the modern style of power-hungry president. He constantly threatened members of Congress that didn’t roll over and go along with his agenda. To that end he was very influential but not entirely in a good way. He hardly ended the depression, economic conditions were poor until WW2 (eg look at the 1937 downturn, well into his tenure).
That being said, back then, I would argue that the situation would have been very different had a lesser person than FDR been elected president, given the kind of political climate it was around the world.