Comment by anonymouskimmer
3 years ago
> People forget how quickly Carter screwed up the economy.
The oil shock and stagflation began under Nixon/Ford, and stagflation itself was spurred by Nixonian policy. People seem to forget this quite often. Carter was only president during the last 3 years of the 70s.
Volcker was appointed by Carter and made things really bad for a brief time, but those 20% interest rates ended stagflation, leading to Volcker's reappointment by Reagan.
Ah typical response of bad things happen under democrat president, so blame the last Republican.
Biden Abruptly Pulling out of an Afghanistan, was a complete utter disaster. Let’s blame someone else!
Everything I said is factually true.
Carter made mistakes. His major economic political mistake was to tell everyone that they'd have to basically take one for the team. And we had 12 years of Republican presidents after because of it.
Nixon was just a major chump in many ways. Moreso than almost any other president.
And it's funny as heck that Carter gets the blame for the entire 70s when it was economically troublesome before he was ever elected.