Re:U.S. job openings post biggest drop in more than four years
by briandear on Friday January 17, 2020 @12:47PM
(#22077103)
Giving Jimmy Carter credit for the boom in the 1980s is a bit of a stretch. Using that logic, George HW Bush should be credited with the boom during the Clinton years.
Re:U.S. job openings post biggest drop in more than four years
by melling on Friday January 17, 2020 @12:57PM
(#22077243)
It was all about the Fed.
George Bush lost because of Fed decisions. The economy went into a brief recession. Bush was extremely popular after the first Iraq War. Unfortunately, rates went up...
Paul Volcker was appointed by Carter. He really cranked up rates: https://www.washingtonpost.com/local/obituaries/2019/12/09/c...
I’d recommend just setting all that aside and try looking at all the data.
Consumer confidence is often pretty high before a sudden crash, for example. It doesn’t mean a whole lot.
Using selection bias (only looking at the good things that confirm your beliefs) is a bad formula.
Sooner or later we’ll have recession.
It may or may not be the fault of whichever administration is in office.
Jimmy Carter, for example, took a lot of heat for the economy. The high interest rates from the Fed slowed everything but it eventually fixed the economy. Reagan got all the credit.