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SummerSnow

(12,608 posts) Fri Jan 25, 2019, 12:37 AM Jan 2019

For the first time in U.S. history.....

A U.S. President would puts his country in a recession on purpose. Let that sink in.

3 replies

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For the first time in U.S. history..... (Original Post) SummerSnow Jan 2019 OP

They really don't want to ever win another election do they ? Haggis for Breakfast Jan 2019 #1

Unfortunately they will win again. Americans will make sure of that because they won't learn. nt chowder66 Jan 2019 #3

Arguably, carter did this. Very different circumstances. unblock Jan 2019 #2

Haggis for Breakfast

(6,831 posts)

1. They really don't want to ever win another election do they ?

Reply to SummerSnow (Original post)

Fri Jan 25, 2019, 12:44 AM

Jan 2019

chowder66

(9,065 posts)

3. Unfortunately they will win again. Americans will make sure of that because they won't learn. nt

Reply to Haggis for Breakfast (Reply #1)

Fri Jan 25, 2019, 01:09 AM

Jan 2019

unblock

(52,163 posts)

2. Arguably, carter did this. Very different circumstances.

Reply to SummerSnow (Original post)

Fri Jan 25, 2019, 01:09 AM

Jan 2019

I think he knew when he appointed volcker fed chair that he would jack up interest rates, and surely he understood that would cause a recession.

I can't imagine the interview process not covering that ground.

In any event, he allowed it to happen and did nothing to stop it.

IMHO, that was a rare case of a president falling on his sword to do what he thought best for the country.

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