Carter tried (and succeeded in many ways) to reduce regulations in an attempt to undo the stagflation caused by Nixon and exacerbated by Ford. It likely would have succeeded if it weren't for the spike in global demand that caused the rampant energy inflation. Or was Carter somehow not only responsible for the stagflation caused by the policies of Ford, and Nixon, but also responsible for global energy demand?ajax18 wrote: ↑Tue Dec 31, 2024 6:26 pmYou don't win elections when your money printing and environmentalist boondoggles lead to hyperflation. Only Jimmy Carter's policies lead to inflation as high as Bidenomics. Sadly the American people did not learn their lesson from Carterflation and as a consequence we're beginning the painful task of paying for Bidenflation. That being said, I'd agree that Jimmy Carter was a far better person than anyone in the Biden family. Jimmy Carter was just honestly mistaken in his political beliefs. But for the American people who voted for Biden in 2020, these mistakes and failure to judge based on historical experience was just willful ignorance and we'll all pay a hefty price for it.
An opinion piece from The Regulatory Review last year even went so far as to call him the The Great Deregulator. If he had used the sledgehammer of the Fed (remember that 20.5% fed rate that Raegan bludgeoned America with?), there's no telling how low inflation could have gone his second term. Without Raegan's typical Republican money-printing deficit spending in order to give himself and rich friends more money, the deregulatory efforts combined with a fed intervention would likely have gotten it well below the 4.1% Reagan achieved in his smash-and-grab that America's middle class is still trying to recover from.
It never ceases to amaze me how party loyalty can make people see a problem caused by their team, and reliably twist it around and blame it on the person that had to try to clean it up. I am so glad I've never allowed who I vote for to become a core component of my identity.