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Joined 7 months ago
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Cake day: June 17th, 2025

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  • Here’s what happened in a nutshell.

    Lyndon Johnson wanted to win the Vietnam War quickly. He decided that he could knock the North out with one massive blow. That turned into a prolonged fight. To pay for the War LBJ kept printing money. In 1968, ‘peace’ candidate Nixon wins and doubles down on LBJ’s plan; he prints money and buys many more bombs. This heats up the economy and creates inflation. It’s noticeable, but not terrible. Then the Oil Boycott hits. Panic.

    Jimmy Carter comes in and hires Paul Volker. Volker’s plan works, but only after Carter is out.

    Reagan comes in and he keeps Volker, but Reagan cuts taxes for the upper classes and keeps spending money. Worse, he deregulates the banks and lets them make all kinds of crazy loans. That house of cards falls in 1987.

    Bush Sr. gets elected and keeps Reaganomics going. Back before he became Vice President, Bush called Reagan’s plan ‘voodoo economics.’

    Things got a little better under Clinton, but then 9/11/2001 gave Bush Jr. the excuse to keep taxes low and spend trillions on the failed ‘War On Terror.’







  • DagwoodIII@piefed.socialtoMicroblog Memes@lemmy.worldOh dear
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    11 hours ago

    When Ronald Reagan took office, ‘middle class’ was still defined as one job to support a family of four. In those days, $1 million was a vast fortune. By the time George HW Bush left office, ‘middle class’ was two jobs and $1 million was what a rich guy paid for a party.


  • DagwoodIII@piefed.socialtoMicroblog Memes@lemmy.worldOh dear
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    12 hours ago

    If you really want to make yourself crazy, look up Hunter Thompson’s nonfiction book, “Hell’s Angels.”

    There’s a passage about the economics of being a biker/artist/hippie circa 1970.

    An Angel could get a job as a Union stevedore for six months and earn enough to hit the road for two years. A part time waitress could make enough to support herself and her boyfriend.







  • Back in 1995, the FDNY did a hostile takeover of EMS.

    EMS had originally been under the NYC Health and Hospitals Corporation, a city agency that oversees the public hospitals. In 1993, HHC funded an independent study to see what the best way to move forward was. The consultants looked at all the options, including moving EMS to police or fire supervision, ro making it an independent service. They decided that the best course was to keep EMS under HHC, but give it $3 million to upgrade.

    At about that time, FD decided they wanted to study taking over EMS. The City Council voted them $5 million to do a test where FDNY responded to EMS calls in one borough. Even though the New York State agency in charge of licensing paramedics said FD had failed, the City decided the test was a great success. FD got control of EMS.

    Pretty much the day FD took over, old time EMS people started leaving. Some retired, and others went to other civil service jobs.

    Only one Fire Chief bothered to take an ride-alongs with EMS. Most never stuck their nose into an EMS station.




  • Merry Christmas.

    If you’ve never seen it, watch Marilyn Monroe in “How To Marry A Millionaire.”

    Two lines I always remember. The three gals walk into a Park Avenue duplex apartment and one gasps “This place must rent for $1,000.00 a month!”

    They go to a nightclub with a live orchestra and a twenty girl chorus line. “My God, the cheapest thing on the menu is $5.00!”