And btw John, you have a way of deflecting. Mike spoke of Carter paying down the debt as all presidents did until Reagan. Then you went off about stagflation and the oil crises which by the way, had nothing to do with Carter. The Iraq Iranian war and the Iranian revolution caused the crises in 1979. But those of you who conveniently search for boogie men like you do. You would do well to be honest and unemotional in your arguments.
Had we, the USA in cahoots with the British, NOT overthrown the duly democratically elected Prime Minister Mohammad Mosaddegh in 1953 and instead built partnerships with the middle east based on the "rules based order" that Biden speaks of, there would have been no "oil crisis" in the early 70's PRIOR to Carter's election.
Of course, there WAS a crisis in 1979 when the brutal dictator the Shah of Iran fled to the United States and the USA pissed off millions of Iranians who wanted to hang the Shah because he murdered thousands of their relatives while "in power". If I had been Iranian I would have been PO'd too.
Was that Carter's fault? Perhaps. But, honestly, it was really some low life Republicans in the Eisenhower government that planned coup without Eisenhower even knowing about it.
Carter and the "oil crisis" did not overlap in time as your lie would indicate.
As for Obama, I completely agree, Obama went wild with debt after eight years of deregulation by Bush II resulted in a complete catastrophe in banking and collapse of the economy in the USA; on the level of a Calvin Coolidge (also a Republican) disaster.
Me? I would have left the Republican's collapsed economy completely ALONE to take 20 years to rebuild so people would REMEMBER what Republicans do when they are in power. Like, for example, stupid deregulation of derivatives which became mortgage back securities (legalized) under Bush II in 2001.
Yes, there was also an earlier oil crisis under Nixon.
My point was that the economy was NOT healthy under Carter.
Regarding Mossadegh, etc., Carter's Attorney General Ramsey Clark wrote that U.S. policy toward Iran and Iraq was to support the opposition, overthrow the government, support the new opposition, overthrow the new government, etc. See Chapter 1 of "The Fire This Time":
You fantasize that the economy under Carter was "healthy," with oil-price shocks and stagflation.
The process of "wrecking the dollar" -- going back to Reagan, as you say -- can be measured by yearly increases in the national debt.
Obama was almost as bad as Trump and Biden (with Trump's final year distorted by the covid crisis):
https://www.statista.com/statistics/187867/public-debt-of-the-united-states-since-1990/
Your statement that Biden "has begun to rebuild" the dollar is a barefaced lie.
And btw John, you have a way of deflecting. Mike spoke of Carter paying down the debt as all presidents did until Reagan. Then you went off about stagflation and the oil crises which by the way, had nothing to do with Carter. The Iraq Iranian war and the Iranian revolution caused the crises in 1979. But those of you who conveniently search for boogie men like you do. You would do well to be honest and unemotional in your arguments.
Bill, can I ask you respectfully not to engage the Troll despite your cogent facts?
Yes, see his name and scroll away.
The massive tax reductions of 2017 try that on for size.
John,
Had we, the USA in cahoots with the British, NOT overthrown the duly democratically elected Prime Minister Mohammad Mosaddegh in 1953 and instead built partnerships with the middle east based on the "rules based order" that Biden speaks of, there would have been no "oil crisis" in the early 70's PRIOR to Carter's election.
Of course, there WAS a crisis in 1979 when the brutal dictator the Shah of Iran fled to the United States and the USA pissed off millions of Iranians who wanted to hang the Shah because he murdered thousands of their relatives while "in power". If I had been Iranian I would have been PO'd too.
Was that Carter's fault? Perhaps. But, honestly, it was really some low life Republicans in the Eisenhower government that planned coup without Eisenhower even knowing about it.
Carter and the "oil crisis" did not overlap in time as your lie would indicate.
As for Obama, I completely agree, Obama went wild with debt after eight years of deregulation by Bush II resulted in a complete catastrophe in banking and collapse of the economy in the USA; on the level of a Calvin Coolidge (also a Republican) disaster.
Me? I would have left the Republican's collapsed economy completely ALONE to take 20 years to rebuild so people would REMEMBER what Republicans do when they are in power. Like, for example, stupid deregulation of derivatives which became mortgage back securities (legalized) under Bush II in 2001.
Yes, there was also an earlier oil crisis under Nixon.
My point was that the economy was NOT healthy under Carter.
Regarding Mossadegh, etc., Carter's Attorney General Ramsey Clark wrote that U.S. policy toward Iran and Iraq was to support the opposition, overthrow the government, support the new opposition, overthrow the new government, etc. See Chapter 1 of "The Fire This Time":
https://archive.org/details/firethistimeuswa00clar
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