Will Barak Obama become the New Jimmy Carter? Well after watching the Stock Market drop 1600 points since his election I think we are going in that direction, and the poor man hasn’t even taken office yet.
As we look ahead for the new Obama Presidential term we must take a look back in history and so we have not forgotten what happen in the late 1970’s when a radical liberals took over the White House.
If we see a repeat of the Carter years today with Barak Obama we will have lots more to worry about than the Banking Crisis.
Jimmy Carter himself tried to rank President Bush as the worst president ever wouldn’t be so bad, if it weren’t so wrong.
The irony, of it all is some of the very program Obama wants to used has been already try by the peanut farmer from Plains, Ga. Carter shares that distinction with a number of other presidential mismanagers of our nation’s economy and we can see the past age of time coming to Obama’s future.
Obama’s change rhetoric is very simular to Carter and if we think about it, nothing Obama has said is really change other than Grand illusions and Dreams. What the record shows is Carter inherited a bad economy and made it worse which seems to be a pattern here when it comes to the New President.
The Man that had real change was Ronald Reagan came in and changed course But here is what stood out in Carter’s last year in Office in 1980 and subsequent periods:
Carter: Interest rate, 21%. Inflation, 13.5%. Unemployment, 7%. The so-called “Misery Index,” which Carter used to great effect in his 1976 campaign to win election, 20.5%.
Bush today: Interest rate, 4.0 %. Inflation, 4.9%. Unemployment, 6.5 %. Misery Index, 8.09%.
It’s not even close and yet we want to change to Obama from Bush to where? Where exactly would Obama lead us?
The only question is: Why did things get so bad under Carter and what is the possiblities of it happens to Obama? Jimmy Carter made mistake after mistake, blinded by the leftist rhetoric his party adopted in ’72 Democratic Convention, when the so-called New Left seized control, Just as the Newer have done the same thing with groups like Move-on.org and the Daily Kos.
Carter adopted the theory that there was a reverse “trade-off” between inflation and unemployment, a idea that proved wrong. So in the 70’s the U.S. became mired in “stagflation,” and with both inflation and unemployment rising sharply.
What happen was that things grew far worse, and Carter boosted government spending and yet we are doing exactly that in 2008 -09.
Carter would blame the American people.
“I think it’s inevitable that there will be a lower standard of living than what everybody had always anticipated,”
he told advisers in 1979.
“The only trend is downward. But it’s impossible to get people to face up to this.”
Those remarks were followed by his now-famous “malaise” speech in which he unveiled six proposals — including import quotas, windfall profits taxes and increased spending on alternative fuels — to combat higher oil prices charged by OPEC.
Does anyone see any simulaties? Carter propose no tax cuts. Nothing about finding more energy. In short, he told Americans to consume less, but pay more.
Come on folks, you must seem some simulaties? Carter would say that: “We have learned that ‘more’ is not necessarily ‘better,’ and that even our great nation has its recognized limits,” , borrowing heavily from the “limits to growth” movement that swept liberal intellectual circles in the ’70s.
Along with so many other problems such as support the Shah of Iran led to a takeover of that oil-rich republic by fundamentalist Muslims, and a second Mideast oil shock hammered the economy and pushed inflation to new highs.
Public anger growing and his own polls lagging, Carter started wearing sweaters and encouraging us to turn down the thermostat. But his big spending didn’t work along with his forgien policy, thos e sweaer couldn’t keep public dislike for him under control.
So when Carter left the budget deficit was 12 times Larger than the one President Nixon left, and would gave him a serious public relations problem.
On this score, Carter might have escaped his own malaise if he had cut taxes to get the economy going again.
What we are seeing here is a real repeat of history and if Obama followers that forumla we will see it again. The liberals in this country have not learn from history. They keep making the same mistake over and over again.
Durning the campaign Obama promise that 95 percent of taxpayers would not pay taxes! A promise that Obama cannot posssibly keep and one that can leave us in the same mess we had when Carter left us and in some cases we are still suffering from Democratic liberal socialism.
Lets remember one last statistic: When Reagan left Office we had:
The Interest rate, 9%. Inflation, 4.1%. Unemployment, 5.5%. Misery Index, 9.6%.
Well folks here we go again!
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