Mr. Carter lost because of Iran, not the economy, from what I saw. The power of incumbency is awe-inspiring and hard to beat. Without the broken tax pledge and Ross Perot, Bush I would’ve beat Gov. Clinton like a rented mule. OTOH, Senator Dole never really had a prayer.
Incumbency does not have the power it once had. Also if the Supremes strike down the Obamacare law, it will weaken Obama even more.
When the election came, ronald reagan truly was of character and leadership. Iran was a factor, but carter’s other decisions including the cabinet and the economy caused the momentous defeat. That four years was up until now dismal, obama’s economy is worse.