auditor0007
Gold Member
Sorry, but Carter was one of the weakest and most ineffective presidents in U.S. history. Obama, however, will go down as the worst.
Jimmy Carter was well known as an intellectual egghead, I believe his I.Q was thru the roof. I just started a business during his first term, and it was very bad. Carter just couldn't move on any issue. 10 percent unemployment, 22 percent interest rates. Iran kicked him around for a year and a half, 50 hostages being held. He really was just a lousy President. The worst until now.
Carter didn't cause the mass inflation we were experiencing, and Volker's goal to get it under control stymied the economy. It was something that was going to take some time no matter who was in office. Had Carter been re-elected, the economy would have taken off much as it did under Reagan. All too often we actually believe that a president is the reason for a good or bad economy when in fact, most of the time it is just based on cycles. Government can have some affect on the economy, but more often than not, it just takes time for things to turn around.