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Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH

 
Anonymous Coward
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Netherlands
09/22/2022 02:30 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
I was alive during those years, the part people forget is how painful the recovery was during the first half of Reagan's term in office.

Interest rates got jacked so high it was ridiculous and the same thing is going to happen after the elections.
Adjudicator
Judge of Judges

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09/22/2022 02:31 AM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
The inflation reduction act in a nutshell.

Absolutely spot on



 Quoting: E CaT PanTHer


Karmic Law they have to tell you in advance
Integritybump
adjmeme
Anonymous Coward
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09/22/2022 02:33 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
America is an embarrassment
 Quoting: Anonymous Coward 81000598


Yes
Anonymous Coward
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United Kingdom
09/22/2022 02:33 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
America is an embarrassment
 Quoting: Anonymous Coward 81000598


Are you enjoying your cold showers? How's that working out for you? Trump told you fools years ago not to depend on Russia.
 Quoting: jlee2027


Sure did , but those smug bastards just laughed at him. Cold shower might be a luxury for many Germans soon. Russia just might say f--k it let's roll over all of them and get this over with for good!
 Quoting: zzbudzz


Please not again.

Is this "shower" as in "shower, shower" or the "shower" that requires train transportation.
Overgoverned

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09/22/2022 04:55 AM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
He is so funny. I'm old enough that I recall seeing that when it aired. We really had some bad times under Carter. He was a likeable person in general, but he was totally inept as a president.

Yeah, those inflationary times were the worst...well, we know.
 Quoting: Anonymous Coward 80257640


If you were a little older you'd remember runaway inflation started under Gerald Ford and continued INTO the Carter administration who was just as inept.

WHIP INFLATION NOW was literally one of Ford's campaign promises back in '74.

That's like blaming Nixon for Vietnam when Lyndon Johnson was just as guilty if not more so.

Those who forget history are doomed to repeat it.

Take off the party colored glasses friend, and see the world as it really is.

hf
 Quoting: Anonymous Coward 84168688


Correct

Year Inflation Yearly change

1981 10.33% -3.21%
1980 13.55% 2.29%
1979 11.25% 3.62%
1978 7.63% 1.13%
1977 6.50% 0.76%
1976 5.74% -3.40%
1975 9.14% -1.91%
1974 11.05% 4.88%
 Quoting: E CaT PanTHer


The inflation of the mid- to late '70s was neither Ford's nor Carter's fault. Ever hear of the Arab Oil Embargo of 1973?

A barrel of crude oil had cost $2 for decades. Everybody was making good money from those $2.

OPEC was pissed that we'd been so cozy with Israel during the Yom Kippur War. It was "the straw that broke the camel's back" (I'm so funny). It dawned on someone that the world needed their oil more than they needed the $2. I
can't think of the guy's name, but he assured King Faisal that they were the ones with all the leverage. It's not like the world could turn around and boycott OPEC oil, then or now.

Crude oil almost immediately jumped to $12/barrel. Gasoline
had been about 30¢, and it jumped to about 50¢. Something like this reverberates through an economy, and the reverberations tend to continue indefinitely.

Ford tried to lead, showing off his WIN (Whip Inflation Now) buttons. Short of price controls, though, what could he do? When your suppliers jack their prices 25%, patriotism might make you not want to raise your prices, but then the books don't balance. And then the supplier raises prices again, and you've had to give your employees a big raise, so you have to raise your prices again.

Carter stepped into this mess. He's a smart guy, but he didn't have an answer, either. Moreover, his leadership presence was a bit lacking. Congratulating us on our "national malaise" was an odd move.

Reagan took the helm, and he had a knack for "presiding". Presiding well doesn't solve problems, either, but it does bolster the mood. Paul Volcker steered interest rates into the stratosphere, and while that played hell on the overall economy, it managed to stop the steady rise in prices. Choking off demand, I guess. It worked.

SINCE THEN, they've come up with ways to understate inflation. "The official rate of inflation is 4.4%, so you are probably justified inflating your prices 4.4%. Even though the actual rate is closer to 15%." Their imaginary "marketbasket" of goods apparently doesn't include many groceries.
Anonymous Coward
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09/22/2022 05:13 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
America is an embarrassment
 Quoting: Anonymous Coward 81000598


not only that they have been a threat for decades now.



can't shower anymore buhuuu, dumb idiot.
Interferon

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09/22/2022 05:50 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
America is an embarrassment
 Quoting: Anonymous Coward 81000598


Actualy its the just about the entire world thats an embarrassment. You should know Rheinholt your country is a severe embarrassment to the world for quite some time and now is no different.



Scheinkle Kienkele dude. Not even a german but a neurotic just the same. Maybe its the language of german. Good for philosophy and good for manipulating the masses.
 Quoting: Anonymous Coward 73112757


hollyavila

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09/22/2022 06:12 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
Spot on

Democrats love spending that money and playing Santa Claus

Nothing has changed

Akroyd did a great homespun Jimmy Carter…fun to see
 Quoting: Anonymous Coward 84210153


This

Democrats are the enemy
 Quoting: Anonymous Coward 80863306


9 11 happened under a republican administration and it was an inside job. They play us both sides to the middle.
Anonymous Coward
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United Kingdom
09/22/2022 06:21 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
There was another skit of Akrody as Carter where he states the us economy is "screwed, blued and tattooed". Haven't been able to find a video of it.

[link to www.urbandictionary.com (secure)]
 Quoting: Anonymous Coward 12040777


Not the video, but transcript.


SNL Transcripts: Steve Martin: 11/04/78: A Special Message From the President of the United States

[link to snltranscripts.jt.org (secure)]
LittleMe

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09/22/2022 08:04 AM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
The inflation reduction act in a nutshell.

Absolutely spot on



 Quoting: E CaT PanTHer


“We just print more money…”
angel2

I may not be your first love,

first kiss,

first sight,

or first date but

I just want to be your last everything.


[link to youtu.be (secure)]
Anonymous Coward
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09/22/2022 08:11 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
Marxist TV programming from the 70's. Yeah let's all just laugh at issues that will destroy our lives. This garbage is what pacified millions into doing nothing to stop the Marxist NWO takeover of the West.
Original Bunnyswanson

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09/22/2022 08:56 AM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
Spot on

Democrats love spending that money and playing Santa Claus

Nothing has changed

Akroyd did a great homespun Jimmy Carter…fun to see
 Quoting: Anonymous Coward 84210153


Trump signed a 7 trillion dollar check and shut down the economy. Both parties are in on it and you fkn know it.
The price of liberty and even of common humanity is eternal vigilance.” —Aldous Huxley

For the waywardness of the simple will kill them, and the complacency of fools will destroy them. Proverbs
ShiningLightIntoDarkP​laces

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09/22/2022 09:23 AM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
America is an embarrassment
 Quoting: Anonymous Coward 81000598


You mean biden and his regime and his co-criminal that's blackmailing him (zelensky), don't you, Germany?
"Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing." -Clive James

Miss Trump yet?

LET IT RAIN.
Anonymous Coward
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09/22/2022 06:42 PM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
The inflation reduction act in a nutshell.

Absolutely spot on



 Quoting: E CaT PanTHer


history will always continue to repeat itself haven't you noticed that yet?
 Quoting: Anonymous Coward 84029245


Because the inbred [email protected] ones are constantly infiltrating civilizations using the same tactics over and over.
Lost Pottawatomi

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09/22/2022 06:52 PM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH

Nothing shall be so certain as to permit confusion.
ShiningLightIntoDarkP​laces

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09/22/2022 07:13 PM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH

 Quoting: Lost Pottawatomi


officelaugh
"Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing." -Clive James

Miss Trump yet?

LET IT RAIN.
Anonymous Coward
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09/22/2022 07:29 PM
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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
IT'S NOT UH RECESSION UNTIL THERE ARE 4 OR 5 CONSEQ. QUARTERS!

SO...BY UH...APRIL 1ST IT MIGHT BE AN OFFICIAL RECESSION. UH..
ShiningLightIntoDarkP​laces

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09/22/2022 07:31 PM

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Re: Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH
IT'S NOT UH RECESSION UNTIL THERE ARE 4 OR 5 CONSEQ. QUARTERS!

SO...BY UH...APRIL 1ST IT MIGHT BE AN OFFICIAL RECESSION. UH..
 Quoting: Anonymous Coward 75472186


How you been, UH?
"Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing." -Clive James

Miss Trump yet?

LET IT RAIN.





GLP