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Real Time Economics : Volcker: I Endorse Obama
He appointed the man who killed stagfaltion.
Ford has more blood on his hands for creating the stagflation than Cater does.
Not sure about more - but certainly he was part of it - as was Nixon for that matter.
What Carter had though that Ford and Nixon did not was overwhelming majorities in both the House and Senate. He was unable to lead his own party, due in great part to the rampant chaos within his administration.
Thus, the comparisons between he and Obama are to this point acceptable. In Obama's favor, he has another few months to get this train back on track. If he does not do so, it will prove increasingly difficult for him.