Every president blames the previous administration. That always works because it is always plausible.No. They don't.![]()
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Every president blames the previous administration. That always works because it is always plausible.No. They don't.![]()
Keep all of this in mind while we remember him.The stagflation of the time did not result from anything Carter did or failed to do. It resulted from the rising price of imported oil -- an external cost, beyond the reach of U.S. fiscal or monetary policy. And Iran was a situation he inherited from Eisenhower's CIA -- see Operation Ajax. In hindsight, there really was no way he could have handled it better.
A good source here is Reaganland, by Rick Perlstein, which, despite the title, only covers the Carter years.
When Carter sat down to do the federal budget, he took an engineer's approach -- how much money is needed for what purpose and where can it be raised? Without reference to ideology, or interest-group interests, or gored oxen.