Jimmy Carter — a life well lived; a presidency underrated and unappreciated, a love story unrivaled, a post-presidency unparalleled.
Jimmy Carter was an incredibly successful president and one of the most underestimated and underrated.
Beyond his Nobel Peace Prize-winning foreign policy in brokering peace between Israel and Egypt (which has remained solid since 1978), his domestic policy successes are greatly underestimated.
The insidious Reagan campaign of 1980 and his famous “misery index” was extremely dishonest and disingenuous. Reagan’s “misery index,” which he pinned on Carter, combined the interest rate indexes and inflation rate indexes. Both of those elements are controlled more directly by the Federal Reserve, not the presidency.
What too many forget is that Jimmy Carter inherited rapidly increasing interest and inflation rates from Nixon and Ford (remember Nixon’s wage and price controls? Ford’s pathetic “Whip Inflation Now — WIN” buttons?), under the Fed Chair Arthur Burns who had been APPOINTED BY NIXON.
Jimmy Carter, IN HIS LAST YEAR AS PRESIDENT, appointed Paul Volcker as Fed Chair, who served until 1987, when he was replaced by self-described Ayn Rand disciple Alan Greenspan (trivia note: also husband of NBC foreign correspondent Andrea Mitchell) and just a few months later we had the stock market crash of October 1987.
It was the Fed policies of Paul Volcker, APPOINTED BY JIMMY CARTER just before he left office, that took effect through most of the Reagan years and brought down interest and inflation rates that Reagan shamefully took credit for.
Paul Volcker, arguably the greatest Fed Chair in history, who died in 2019 at the age of 92, was also a senior financial advisor (emeritus) to President Obama, under whom we also saw the reversal from failed Bush 2008 economic collapse to a successful rebound despite unprecedented obstruction.
Jimmy Carter — a life well lived; a presidency underrated and unappreciated, a love story unrivaled, a post-presidency unparalleled.
Jimmy Carter was an incredibly successful president and one of the most underestimated and underrated.
Beyond his Nobel Peace Prize-winning foreign policy in brokering peace between Israel and Egypt (which has remained solid since 1978), his domestic policy successes are greatly underestimated.
The insidious Reagan campaign of 1980 and his famous “misery index” was extremely dishonest and disingenuous. Reagan’s “misery index,” which he pinned on Carter, combined the interest rate indexes and inflation rate indexes. Both of those elements are controlled more directly by the Federal Reserve, not the presidency.
What too many forget is that Jimmy Carter inherited rapidly increasing interest and inflation rates from Nixon and Ford (remember Nixon’s wage and price controls? Ford’s pathetic “Whip Inflation Now — WIN” buttons?), under the Fed Chair Arthur Burns who had been APPOINTED BY NIXON.
Jimmy Carter, IN HIS LAST YEAR AS PRESIDENT, appointed Paul Volcker as Fed Chair, who served until 1987, when he was replaced by self-described Ayn Rand disciple Alan Greenspan (trivia note: also husband of NBC foreign correspondent Andrea Mitchell) and just a few months later we had the stock market crash of October 1987.
It was the Fed policies of Paul Volcker, APPOINTED BY JIMMY CARTER just before he left office, that took effect through most of the Reagan years and brought down interest and inflation rates that Reagan shamefully took credit for.
Paul Volcker, arguably the greatest Fed Chair in history, who died in 2019 at the age of 92, was also a senior financial advisor (emeritus) to President Obama, under whom we also saw the reversal from failed Bush 2008 economic collapse to a successful rebound despite unprecedented obstruction.