81–86 of 86 posts
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I actually like the food. But I never go to McDonalds, because I can eat a full day's worth of calories in one meal and still be hungry. I don't know how they do it.
As much as I hate McDonald's and know that their food is unhealthy garbage, your statement is completely false.
What a dumb thing to say.
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I think the Big mac and McNugget have a very unique taste and cant say I've heard of or tasted any competitors versions of these that actually tasted similar. Im surprised to see a few people agree with the bland opinion.
I always loved their dollar menu, but these days it seems crappier in both selection and price.
And it’s not like people are tired of burgers. Smashburger, In-N-Out Burger, BurgerFi, and Five Guys Burgers & Fries are all expanding. So is Shake Shack... McDonalds problem is the same problem they've always had. The food just isn't very good. It never was. No amount of spiffing up the storefront or juggling menu items can help them when competition the likes of the above moves in. All they're doing is driving thei…
I actually like the food. But I never go to McDonalds, because I can eat a full day's worth of calories in one meal and still be hungry. I don't know how they do it.
> The franchise Jarvis bought in 1981 [...] he had to take a Small Business Administration loan at the Jimmy Carter-era interest rate of 16 percent. Oh yeah, I remember that era. 1981, just after Carter's re-election.
http://www.freddiemac.com/pmms/pmms30.html
If you look, rates were typically in the 8s up through midway through Carter's term, then spiked in to 9, 10, 11, then 12-16 in 1980, and it took most of Reagan's 2 terms to come back down to the 9 range.
Someone in 1981 would still be thinking of Carter's effects on interest rates, and the rates were "Jimmy Carter-era". They were also "Reagan-era", but not many people point the finger at him for rates going to 16, since he wasn't even elected when that happened.
> The franchise Jarvis bought in 1981 [...] he had to take a Small Business Administration loan at the Jimmy Carter-era interest rate of 16 percent. Oh yeah, I remember that era. 1981, just after Carter's re-election.
interest rates didn't come down immediately after reagan's election. interest rates for mortgages, for example, were still in the mid-teens in the early 80s. http://www.freddiemac.com/pmms/pmms30.html If you look, rates were typically in the 8s up through midway through Carter's term, then spiked in to 9, 10, 11, then 12-16 in 1980, and it took most of Reagan's 2 terms to come back down to the 9 range. Someone in 198…
The rates in 1977 and 1978 were lower than any in Reagan's two terms. Conversely, rates in 1981, 1982, and (barely) 1984 were HIGHER than any in Carter's term.
Sure, Carter's policies had some effect on those interest rates, inasmuch as he made Paul Volcker Fed Chairman. However, the high interest rates were necessary to bring down inflation rates, which started spiking under Nixon/Ford, and Reagan's massive budget deficits did not exactly help either.
So putting the August 1981 interest rate on Carter's doorstep smacks a bit of partisan bias (hardly unsurprising in a magazine owned by a perennial GOP presidential candidate), though admittedly with a bit more justification than e.g. blaming 1992 events on Bill Clinton's presidency.
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interest rates didn't come down immediately after reagan's election. interest rates for mortgages, for example, were still in the mid-teens in the early 80s. http://www.freddiemac.com/pmms/pmms30.html If you look, rates were typically in the 8s up through midway through Carter's term, then spiked in to 9, 10, 11, then 12-16 in 1980, and it took most of Reagan's 2 terms to come back down to the 9 range. Someone in 198…
Thanks for the table! I was looking at prime rate tables, but those moved more or less in parallel. I believe we're more or less agreeing on the facts, but differ on the interpretation. The rates in 1977 and 1978 were lower than any in Reagan's two terms. Conversely, rates in 1981, 1982, and (barely) 1984 were HIGHER than any in Carter's term. Sure, Carter's policies had some effect on those interest rates, inasmuch…