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Old 09-03-2008, 06:48 PM   #31 (permalink)
guyy
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Location: Cottage Grove, Wisconsin
Quote:
Originally Posted by dc_dux View Post
I remember the gas lines and the odd/even days (I wasnt old enough to drive), but i recall it resulting from the OPEC oil embargo of 1973-4 immediately following the Yom Kippur war in the Middle East, before Carter took office.

The results of the embargo lingered into the Carter years. Nixon's price and production controls also contributed.
Phooey.

Why do self-professed liberals defend this phony?

Nixon's price controls were not the problem. The problem was Carter's avant-la-lettre Reaganism. His message: Suffer, the market is rational. The guy was Reagan in a cardigan. Fuck him.
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