Interest rates over 23% on some types of debts...
Cubans in Angola...
Soviets in Afgahnistan...
Soviet proxies- mainly Cuban- in Yemen, and Central America, and many other places, too. Let me spell it out for you- at the time 60% of our oil came via the Gulf of Mexico, and the Soviets were aiming to interdict our oil lifeline- is that serious enough?
Gasahol, because gas was getting expensive...
There was more, but that's enough to give you the picture, why many of us- myself included- swore Mr. Carter had to go.
The retired and others living on fixed incomes took a terrible hit to their purchasing power.
Abandone3d the Shah of Iran who had been the regions stabilizing influence against islamofacism as well as a check on the Russian influence.
What would thew world be like today had Carter stood firm behind the Shah?
regards,
The company I worked for bought a new piece of capital equipment and spare parts in 1979. We paid 21 1/2 percent interest on $1.25 million.
You are spot on. The carter administration was a total mess.
(Btw, I was born when FRD was president. I don't remember him too well. I was a kid. I do remember Truman and Ike, etc. Up until the 'Toon was elected, I considered Carter to be the worst president we ever had.)
The "more" I remember included Carter's headlong push to allow the Soviets to exert their influence all over the world, especially in our spheres of influence;
His apparent naivete(?) about Soviet front groups working to subvert American opinion here and in western Europe;
His complete wussiness and incompetence over the Iranian hostage mess;
His refusal to increase American military might even as the Russkies were flexing their muscle with increasingly heavier missiles aimed at western Europe and at us;
His derailing of the neutron bomb as a viable American weapon (now the Chinese are threatening to use it on us thanks to Wen Ho Lee and his predecessors at Berkeley, New Mexico);
And there's more yet, but I get depressed and almost homicidal every time I think of Jimmah the Commie.