MonkeyTrots > I have never held Carter responsible for the incredible inflation and interest rates this country experienced in the late 70's/early 80's - but rather Richard Nixon and his quite heavy deficit spending, revocation of the gold standard, and his UNConstitutional Wage and Price controls,
I'm going to disagree with you here.
Nixon had to deal with Johnsons 'War on Poverty'. Kennedy's 'American Man On the Moon'. And Johnsons Vietnam War.
A Trifecta of budget busting deficit producing 'programs' which Nixon, thanklessly, had to deal with.
Nixon got U.S. out of Vietnam. Nixon got Americans to the moon. And 'We' lost the war on poverty.
Zim.
Mad Poet Strikes Again. |