Quote from Yannis:
What I'm saying is that whenever this is discussed, the Constitution is never mentioned as a problem. They can do it if they agreed to it. But they don't, each side wants too much power to themselves.
Quote from ratboy88:
NEW YORK (CNNMoney.com) -- Gerald Ford's presidential term was as much marked by the economic forces of inflation as it was by the political fortunes of the time.
Ford, who was sworn in as president on Aug. 9, 1974, after the resignation of Richard Nixon, faced inflation that was already surging at a 10.9 percent annual rate in that month. It was thrust into overdrive by the OPEC oil embargo of 1974 and the elimination of wage/price controls instituted in the Nixon administration.
As energy constituted more of the nation's GDP in the early 1970s, soaring gas prices had an even more profound effect on the U.S. economy than recent gas price hikes have.
Rising energy prices also contributed to higher unemployment by slowing consumer demand for companies' products, according to Mark Ratkus, economics professor at LaSalle University in Philadelphia.
Ford's approach to controlling inflation, according to his White House biography, was through modest tax cuts and spending restraints. He also sought to "decontrol" energy prices in order to stimulate production......
http://money.cnn.com/2006/12/27/news/newsmakers/gerald_ford/
Quote from Arnie:
Check you facts. For ever $1 Reagan increased in def spending, the congress spent $1.04.
Quote from TM_Direct:
You just answered my question...Listen..it sucks to say this but i lived through it....you can google all you want but the economy imploded under JC...and gas REALLLY spiked when Iran took the hostages for a couple years...
Quote from Yannis:
Maybe you're right. Still, imo, it would be a good thing. Of course, I tend to favor a strong Presidency too. Oh well.