this post was submitted on 02 Jan 2024
815 points (98.3% liked)
xkcd
8825 readers
41 users here now
A community for a webcomic of romance, sarcasm, math, and language.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Carter's Volcker Shock was an absolute give-away to Wall Street
Democrats forced half as many cloture votes in 05/06, the last year Bush had a Senate majority, as Republicans invoked in 07/08.
Oh no half as many? So they did do it after all?
And dude are you really going to try and tell us the peanut farmer president was a bank man?
Carter was a nuclear technician with a 15 year long political career fixated on privatizing the state and national economy. He inherited a peanut farm from his dying father and kept the business afloat precisely because he understood how to obtain cheap lines of credit. Carter wasn't tilling soil in the 50s. He was a spreadsheets guy.