3 ms·
“His four-year tenure is said to be a mishmash of screw-ups, from high energy prices and even higher inflation to low economic growth and a very public, very em
by melling 4y ago
“His four-year tenure is said to be a mishmash of screw-ups, from high energy prices and even higher inflation to low economic growth and a very public, very embarrassing hostage rescue attempt in Iran.”
We never have more than a superficial understanding of events. Inflation was a big problem throughout the 1970s. The Fed failed to contain it several times. Oil too…
8 million jobs were created in his 4 years:
https://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms https://en.wikipedia.org/wiki/Jobs_created_during_U.S._presi...
Carter actually appointed Volcker, which solved inflation.
The Iranian hostage crisis was not solved until the end of his presidency. The country was demoralized over the failed rescue attempt but some things are beyond the control of president.
I was only a teenager at the time and was excited by Reagan. However, looking back I think we often give too much credit and blame to a President.
We would be much better off if we understood events, etc at a deeper level.