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Cake day: June 17th, 2025

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  • LBJ wanted to have social spending and have a massive knockout punch in Vietnam. Instead of a knockout punch, the War turned into a massive quagmire. It was costing the US a fortune, but LBJ didn’t want to raise taxes, so he printed money. Nixon got elected and doubled down on the War and using inflation to pay for it. Then the OPEC oil embargo hit and inflation went through the roof.

    Jimmy Carter’s plan [controlled by Fed chair Paul Volker] solved inflation, but by the time it kicked in Carter had been replaced by Reagan. Reagan deregulated a lot of industries and let them run wild.

    In 1968, ‘middle class’ was defined as one Union job supporting a family of four. At that time $1 million was a vast fortune. By the time Bush Sr. was out, ‘middle class’ meant two incomes to run the home, and $1 million was what a rich guy paid for a party.





  • Reminds me of a story I read a while back.

    The writer was in Italy and toured a particular olive oil producer. They told him he could have a case sent to the US for about $5.00 a bottle. He wasn’t a great cook, but it seemed like a good price and he didn’t want to look cheap, so he got a case.

    Gets back home and he has a meeting with a contractor. They are walking through the kitchen and the contractor sees one of the bottles. Goes off. Apparently, this is the Ferrari of olive oils. The writer gives him two bottles.

    The job, which he assumed would take six months, was done in two.

    Never underestimate the power of the right gift.


  • DagwoodIII@piefed.socialtoComic Strips@lemmy.worldMandatory Retail
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    2 days ago

    Unless I know exactly what they’d like, I use this simple formula to buy presents.

    Under 5 years old? Get them a really big Christmas card. Little kids never get mail, so they’ll love it. Give the parents the money you’d spend to get the kid whatever they actually need.

    5 to 10 years? GI Joe or Barbie. It’s like getting someone in jail a carton of Kools; if they don’t want it themselves they can swap it in the yard.

    10 to 20? Cash money. You can make it fancy by getting gold colored dollar coins putting it in a draw string purse.

    Over 20? Booze. Unless they are a raging alcoholic.