Friday, October 24, 2008

Oh no, not that '70s show

As I've remarked before, Jimmy Carter, Malaise Man, was the worst president in my lifetime. Let's see, we had the "misery index," the Iran debacle which were still feeling the effects of, the Soviet Union's invasion of Afghanistan...what else?

The National Review's Mark Moyar suffered through that time too:

A newcomer to national politics, he claimed to transcend partisan labels. He moved to the center during the campaign, at a time when the Democrats held large congressional majorities. In a troubled economy, he told voters he would keep taxes down for most Americans, limit spending, and balance the budget, all while implementing ambitious social programs. He planned to cut military spending to free money for other purposes, but assured moderates and conservatives that when it came to America’s enemies, he would be tougher than the Republicans. The media, droves of moderates, and some conservatives believed him, having pegged him as a man of character.

His name was Jimmy Carter, the year was 1976, and he won. His presidency helps us predict the likely results of an Obama victory in 2008.

What did the majority of 1976 get in return for its votes? Carter’s campaign vow to avoid increasing payroll taxes went out the window: He and Congress raised Social Security taxes through the roof. They also slapped large new taxes on oil and gas. Meanwhile, Carter canceled his plan for a tax refund to Americans earning under $30,000. Casting aside more campaign pledges, Carter and Congress increased annual federal spending from $403 billion to $579 billion and grew the national debt from $709 billion to $914 billion. Tens of billions of dollars went to new jobs programs, urban aid, and mushrooming entitlements, and Carter’s promise to stop Democratic pork-barrel spending was abandoned.

Carter and the Democratic Congress generated 18 percent inflation and economic stagnation at the same time. Unemployment rose. Americans came to regret the votes they had cast — Carter’s approval rating sank to 21 percent in 1980, the lowest in the history of polling.

Carter was a peanut farmer before entering politics. Did you know peanut allergies have been rising?

Could it Carter's fault.

Prove to me it isn't.

Election day is eleven days away.

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1 comment:

Rains said...

Its an amazing tv show & I have a great collection of all episodes of this show because I Download That 70s Show Episodes online. so guys enjoy this lovely show at any time!!!