Quote:
Originally Posted by 6spdC6
Sounds like a rehash of the Jimmy Carter years!
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I agree, I was not yet 18 at the time, so not much mattered other than at what store could I buy beer at without an ID check.
There are many much greater issues today vs. then:
1) the carter disaster years were 1978 - 1981, a time long ago, many things are different today
2)The economy thenwas much smaller, GDP in 1978 was $2.4T, 2021 was $24.0T, you cannot apply the same strategy and expect the same results
3) USA population in 1978 was 222m, today is it 50% more people, again, very different parameters
4) printing money and spending on BS is a big part of problem
5) Supply Chain Issue, not solved yet, may never be solved as too many profiting from it, you destory pricing when consumers have no options, they must pay more for the products they want
6) Bigger problem with Supply Chain Issue, you chose NOT TO BUY as no one likes being gored, this slows and kills economy over time
Things that can be distorted by the current socialist administration are on their last broken leg, average intellingence consumer will begin to figure out that this is with us for a minimum of 18 months, they will tighten their budgets and stopped buying all 'wants', and then the second crater will open up and swallow us whole!!