Total misrepresentation of Obama's views and Jimmy Carter. Carter had the misfortune to be president when Paul Voulker tried to stop inflation by raising interest rates. Carter tried to rescue the hostages, but the mission failed because two of the helicopters collided in the night.
George Bush is the biggest socialist in the history of the United States. He just turned Wall Street into a publicly owned company.
No it's not a misrepresentation of Obama at all, Obama and Carter a LOT a like in policy and proposals. and on Carter..
During Carter's administration, the economy suffered double-digit inflation, coupled with very high interest rates, oil shortages, high unemployment and slow economic growth. Productivity growth in the United States had declined to an average annual rate of 1 percent, compared to 3.2 percent of the 1960s. There was also a growing federal budget deficit which increased to 66 billion dollars.
Led by Volcker, the Federal Reserve raised the discount rate from 10 percent when Volcker assumed the chairmanship in August 1979 to 12 percent within two months.[38] The prime rate hit 21.5 percent in December 1980, the highest rate in U.S. history under any President.
As for the Hostage rescue attempt, it was a CH-53 that hit a C-130 not two helicopters. When Carter was told that the mission could proceed , he aborted it.
As for the comparison:
Carter signed legislation greatly increasing the payroll tax for Social Security, and taxes for other social programs, sound like someone else? He and Obama are a LOT a like in many ways, domestically and foreign policy wise.
Lets not forget some of his more notable highlights, like his pardon for Vietnam era draft dodgers, and his Panama Canal Giveaway. As well as the hostage crisis.
Obama - raise taxes on energy, and high mean incomes to pay for social spending.
Carter - same thing except he took it one step further and raised Social Security taxes as well.
Obama - bottoms up review and cut military spending to pay for social spending.
Carter - same thing, more notable efforts was canceling the B-1 Bomber and delaying the program for another 10 years.
Obama - conserve energy as a one method to end our dependence on foreign oil
Carter - same thing, implemented the 55 mph speed limit on US highways as well as many many other programs to try to accomplish the same goal.
So You want me to continue , or do you see a pattern here?