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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He was an incompetent fool that destroyed our economy. Best news I've heard all day.[/quote]

First of all, he did not destroy the economy.  What destroyed the economy was the increase in fuel prices from 1973 - 1999.  Gas went from 30 cents per gallon to 70 cents per gallon between 73 and 77.  That caused a deep recision and inflationary spiral.  The economy was also suffering from defense cuts at the end of the Vietnam war:  people coming home from the war coupled with reduced military procurement.  That plus oil killed the economy.

The only real issue I have with carter was he micromanaged the country.  And he was not forceful enough with Iran at the hostage crisis.  (which pushed gas from 70 cents to over a dollar).

The economy rebounded under Reagan only because of loosening of credit and deficit spending.  Oh, and those policies led to the 2008 crash.[/quote]

And Carter went against a lot of Democrats in Congress in appointing Paul Volker as Fed chairman and backing his tough, anti-inflationary measures.  That's what finally wrung the "Vietnam inflation" out of the economy and provided a more stable economic foundation for economic expansion in the 1980s.  Carter also put into effect the first real national energy conservation program.  Reagan may have claimed credit for 'morning again in America' but it was Carter and his team that guided the country through dark economic times.  He got the blame for tough measures that set the stage for a sustained economic recovery later.[/quote]

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