Resurfaced 1978 SNL clip, Dan Akroyd on inflation policy. A MUST WATCH | |
Anonymous Coward User ID: 75408359 Netherlands 09/22/2022 02:30 AM Report Abusive Post Report Copyright Violation | Interest rates got jacked so high it was ridiculous and the same thing is going to happen after the elections. |
Adjudicator
User ID: 79078255 United States 09/22/2022 02:31 AM Report Abusive Post Report Copyright Violation | The inflation reduction act in a nutshell. Quoting: E CaT PanTHer Absolutely spot on https://twitter.com/_/status/1572474113343778817 Karmic Law they have to tell you in advance :adjmeme: :thelaw: |
Anonymous Coward User ID: 84234942 South Africa 09/22/2022 02:33 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84222030 United Kingdom 09/22/2022 02:33 AM Report Abusive Post Report Copyright Violation | Are you enjoying your cold showers? How's that working out for you? Trump told you fools years ago not to depend on Russia. 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! Please not again. Is this "shower" as in "shower, shower" or the "shower" that requires train transportation. |
Overgoverned
User ID: 80483752 United States 09/22/2022 04:55 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 80257640 Yeah, those inflationary times were the worst...well, we know. 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. 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% 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 User ID: 84218372 Germany 09/22/2022 05:13 AM Report Abusive Post Report Copyright Violation | |
Interferon
User ID: 76790707 United States 09/22/2022 05:50 AM Report Abusive Post Report Copyright Violation | 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. |
hollyavila
User ID: 81929631 United States 09/22/2022 06:12 AM Report Abusive Post Report Copyright Violation | Spot on Quoting: Anonymous Coward 84210153 Democrats love spending that money and playing Santa Claus Nothing has changed Akroyd did a great homespun Jimmy Carter…fun to see This Democrats are the enemy 9 11 happened under a republican administration and it was an inside job. They play us both sides to the middle. |
Anonymous Coward User ID: 81467068 United Kingdom 09/22/2022 06:21 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 12040777 [link to www.urbandictionary.com (secure)] 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
I don’t want flowers when I die… User ID: 83104412 United States 09/22/2022 08:04 AM Report Abusive Post Report Copyright Violation | The inflation reduction act in a nutshell. Quoting: E CaT PanTHer Absolutely spot on https://twitter.com/_/status/1572474113343778817 “We just print more money…” |
Anonymous Coward User ID: 77944477 Canada 09/22/2022 08:11 AM Report Abusive Post Report Copyright Violation | |
Original Bunnyswanson
User ID: 84237100 09/22/2022 08:56 AM Report Abusive Post Report Copyright Violation | Spot on Quoting: Anonymous Coward 84210153 Democrats love spending that money and playing Santa Claus Nothing has changed Akroyd did a great homespun Jimmy Carter…fun to see 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 |
ShiningLightIntoDarkPlaces
User ID: 71712018 United States 09/22/2022 09:23 AM Report Abusive Post Report Copyright Violation | 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 User ID: 84235566 United States 09/22/2022 06:42 PM Report Abusive Post Report Copyright Violation | The inflation reduction act in a nutshell. Quoting: E CaT PanTHer Absolutely spot on https://twitter.com/_/status/1572474113343778817 history will always continue to repeat itself haven't you noticed that yet? Because the inbred C@os3n ones are constantly infiltrating civilizations using the same tactics over and over. |
Lost Pottawatomi
User ID: 70962388 United States 09/22/2022 06:52 PM Report Abusive Post Report Copyright Violation | |
ShiningLightIntoDarkPlaces
User ID: 71712018 United States 09/22/2022 07:13 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75472186 United States 09/22/2022 07:29 PM Report Abusive Post Report Copyright Violation | |
ShiningLightIntoDarkPlaces
User ID: 71712018 United States 09/22/2022 07:31 PM Report Abusive Post Report Copyright Violation | IT'S NOT UH RECESSION UNTIL THERE ARE 4 OR 5 CONSEQ. QUARTERS! Quoting: Anonymous Coward 75472186 SO...BY UH...APRIL 1ST IT MIGHT BE AN OFFICIAL RECESSION. UH.. 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. |