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Re: Carter
Author: History Buff
Date: 09-09-2014 - 17:54
Jim R Wrote:
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> Apparently many on this board are too young to
> remember to horrible condition of the railroad
> industry prior to deregulation.
You and many others on this board seem to have selective memory as to which president approved railroad deregulation - yup, it was the much reviled Jimmy Carter.
Jim R subsequently wrote:
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> It may be a stretch to blame Carter for the demise
> of the Milwaukee Road, but one has to remember
> that the very difficult economic times of the
> Carter years did lead to a number of business
> failures. It is always hard to divide the blame
> for a bad economy--some with the President, some
> with Congress, some with factors beyond their
> control. But, from an economic standpoint the
> Carter years were not good. I know, because
> operated my own business at that time.
The peak year for manufacturing jobs in the United States was in 1979. The source is not from an organization which would be supportive of Jimmy Carter's economic policies.
American Enterprise Institute
While the decline of steel making and other heavy industry in the Pittsburgh Region began its decline after World War II, manufacturing employment plummeted during the Reagan years as much industrial production was permanently shut down.
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> Apparently many on this board are too young to
> remember to horrible condition of the railroad
> industry prior to deregulation.
You and many others on this board seem to have selective memory as to which president approved railroad deregulation - yup, it was the much reviled Jimmy Carter.
Jim R subsequently wrote:
-------------------------------------------------------
> It may be a stretch to blame Carter for the demise
> of the Milwaukee Road, but one has to remember
> that the very difficult economic times of the
> Carter years did lead to a number of business
> failures. It is always hard to divide the blame
> for a bad economy--some with the President, some
> with Congress, some with factors beyond their
> control. But, from an economic standpoint the
> Carter years were not good. I know, because
> operated my own business at that time.
The peak year for manufacturing jobs in the United States was in 1979. The source is not from an organization which would be supportive of Jimmy Carter's economic policies.
American Enterprise Institute
While the decline of steel making and other heavy industry in the Pittsburgh Region began its decline after World War II, manufacturing employment plummeted during the Reagan years as much industrial production was permanently shut down.
