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  • Vern Humphrey
    Administrator - OFC
    • Aug 2009
    • 15875

    #16
    Despite a sluggish economy, inflation reached as high as 14.8%, and interest rates reached as high as 18% during the period 1977-1981. By 1985-1990, this contributed to the failure of Savings and Loan associations which had many bad loans, especially in real estate. Of course, Carter had inherited the general inflationary trend from the Nixon and Ford adminstrations, which saw the beginnings of double-digit levels. President Ford had instituted the generally-ineffective program called WIN (Whip Inflation Now) in October, 1974. However, by November of 1976 the rate had subsided to 4.9% and was 5.2% when Carter took office. Continuous rises brought it to 14.8% in March, 1980, and 11.8% when Carter left office. Since 1982, general inflation has been suppressed below 6.5% and at times has been much lower. (see related link)


    Despite a sluggish economy, inflation reached as high as 14.8%, and interest rates reached as high as 18% during the period 1977-1981.

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    • Roadkingtrax
      Senior Member
      • Feb 2010
      • 7835

      #17
      Originally posted by S.A. Boggs
      I understand that Admiral Yamato was asked about invading Amerika and this astitute man did not think this was a good idea. Yesterday slo joe shutdown the Keystone pipeline causing financial pain to many families. This is just the start of pain for Amerika, wait until inflation kicks in. Remember when it got to 9% under Jimmy Who?
      Sam
      That was not a real quote by the Admiral.
      "The first gun that was fired at Fort Sumter sounded the death-knell of slavery. They who fired it were the greatest practical abolitionists this nation has produced." ~BG D. Ullman

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      • S.A. Boggs
        Senior Member
        • Aug 2009
        • 8568

        #18
        Originally posted by Vern Humphrey
        https://www.answers.com/Q/What_was_t...r_Jimmy_Carter

        Despite a sluggish economy, inflation reached as high as 14.8%, and interest rates reached as high as 18% during the period 1977-1981.
        Wonder how "our" slo joe supporters feel when this hits the Amerikan family.
        Sam

        Comment

        • dryheat
          Senior Member
          • Sep 2009
          • 10587

          #19
          Miss spelled American. Powell says 2%. I hate inflation.
          If I should die before I wake...great,a little more sleep.

          Comment

          • S.A. Boggs
            Senior Member
            • Aug 2009
            • 8568

            #20
            Originally posted by dryheat
            Miss spelled American. Powell says 2%. I hate inflation.
            Misspelling was intentional.
            Sam

            Comment

            • dryheat
              Senior Member
              • Sep 2009
              • 10587

              #21
              Oh, one of those guys. Phish.
              If I should die before I wake...great,a little more sleep.

              Comment

              • S.A. Boggs
                Senior Member
                • Aug 2009
                • 8568

                #22
                Originally posted by dryheat
                Oh, one of those guys. Phish.

                Sam

                Comment

                • Bt Doctur
                  Senior Member
                  • Jan 2010
                  • 162

                  #23
                  Just remember in November what the Democrats did to us

                  Comment

                  • lyman
                    Administrator - OFC
                    • Aug 2009
                    • 11269

                    #24
                    Originally posted by dryheat
                    Oh, one of those guys. Phish.
                    never cared for them,

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