Day: September 25, 2008

Democrats & the Economy: History Lesson #3

The 1970s were dark years in many ways, and one cannot blame all the economic woes on one individual. OPEC kept increasing oil prices, which was a major headache for everyone. Yet presidential leadership can make a difference. That leadership was not forthcoming, however. At the beginning of the decade, we had Watergate and the Nixon resignation, followed by Ford, who failed to inspire. Both were Republicans; the economy was not strong. When Jimmy Carter took office in 1977, it… Read more »