Interest rates, of course, and inflation rose very rapidly in the 1970's, as the gentleman well knows, for reasons unrelated to domestic policy, but very much related to the oil cartel that was created in the Middle East.
Discussing the causes of rising interest rates and inflation in the 1970s.
Share
More from Steny Hoyer
This bill would impose the toughest sanctions we can on Putin’s inner circle, Russia’s oil and gas oligarchs, its shadow fleet of oil tankers, and its financial sector – all of which have sustained Russia’s war machine.
We cannot turn the clock back to the time before the ADA, when those with disabilities were ostracized, isolated, and locked away.
“I look forward to working with my colleagues to reach agreement and pass robust and bipartisan sanctions legislation. We must send the strongest possible message of American support as Ukraine defends democracy against despotism.”
But I really say that as we did under Ronald Reagan – I was here all eight years he was president – and George Bush, we rarely shut down the government. Under Joe Biden with a Republican Congress, we didn't shut down the government at all…
Other voices in this conversation
