She starts with the fact that my husband turned 65. We prepared ourself for good news. She then asks if he is on Medicare, he is. And since he is a vet we have VA. Also because he makes under an income amount he has Medicaid. So get this. Our car insurance is going up $120. Thats above what we already pay. One 2016 outback, no tickets, accidents or claims. We were with them Like 10 years. My kids even went with this agency. We live in Michigan. Gretchen and the other scheming governors need to be one of the first corrections by a new Trump administration
Question: Acting as a financial statistician and analyzing historical policies, provide a list of damaging policies over time and the presidential administration they were enacted in
ChatGPT It's important to approach this topic with a balanced perspective, as policies and their impacts are often debated among experts and analysts. Economic policies can have varying effects depending on the context and the specific economic conditions at the time they are implemented. Additionally, what one person may view as damaging, another might see as beneficial. Here is a list of some policies that have been controversial or widely debated, along with the presidential administrations during which they were enacted:
Smoot-Hawley Tariff Act (1930): Enacted during President Herbert Hoover's administration, this tariff significantly raised import duties, worsening the Great Depression and leading to a decline in international trade.
Vietnam War Spending (1960s-1970s): The Vietnam War, spanning multiple administrations including those of Presidents John F. Kennedy, Lyndon B. Johnson, and Richard Nixon, led to increased government spending and contributed to inflation and fiscal challenges.
Nixon Shock (1971): President Richard Nixon's decision to suspend the U.S. dollar's convertibility into gold and impose wage and price controls had significant economic repercussions, including inflation and uncertainty in financial markets.
Energy Crisis and Oil Embargo (1973-1974): During President Richard Nixon's administration, the oil embargo by OPEC countries led to soaring oil prices, energy shortages, and stagflation (a combination of stagnant economic growth and high inflation).
Deregulation of Savings and Loan Industry (1980s): Deregulation efforts under Presidents Ronald Reagan and George H.W. Bush contributed to the Savings and Loan crisis, leading to the failure of many savings and loan institutions and a subsequent government bailout.
Financial Services Modernization Act (1999): Signed into law by President Bill Clinton, this act repealed the Glass-Steagall Act's separation between commercial banking and investment banking, leading to increased risk-taking by financial institutions and contributing to the 2008 financial crisis.
Iraq War Spending (2003-2011): The Iraq War, initiated during President George W. Bush's administration, led to substantial government spending, contributing to budget deficits and national debt.
Housing Bubble and Subprime Mortgage Crisis (2000s): Multiple administrations, including those of Presidents Bill Clinton, George W. Bush, and Barack Obama, implemented policies that contributed to the housing bubble and subsequent financial crisis in 2008. These policies included lax lending standards and inadequate regulation of financial institutions.
Great Recession Stimulus Packages (2008-2009): President George W. Bush and President Barack Obama both implemented stimulus packages to address the effects of the 2008 financial crisis. While these measures aimed to stimulate the economy, they also led to a significant increase in the national debt.
Trade Tariffs and Trade Wars (2018-2019): President Donald Trump's administration imposed tariffs on various goods and engaged in trade disputes with several countries, leading to uncertainty in global markets and negatively impacting certain industries.
It's important to note that these policies were often implemented in response to specific challenges and were intended to address complex issues. Economic analysis often considers a wide range of factors when evaluating the impact of policies on the economy.
I spent 17 days in ICU with covid back late Oct/early November of '21. Recently the hospital contacted me for a study. My firm response was nope, not happening. They actually want to pay me $10 for a DNA sample! These people are stupid!