Presidential busts: The runner-up: Jimmy Carter (1977-1981)

by Blogburger on July 22, 2012

For someone who didn’t live through the era, it may be difficult to understand the pervasive gloom that hung over the United States in 1979 and 1980. Our hostages were stuck in Iran, and a rescue effort became a deadly fiasco in the desert. The Soviet Union dramatically escalated the Cold War with its invasion of Afghanistan. But worst of all was a domestic threat that is now all but forgotten: sharp inflation. The basic Consumer Price Index used by the government to measure the cost of common goods and services soared by 13.3 percent in 1979 and 12.5 percent in 1980, capping a four-year surge of inflation that drove up the cost…


WN.com – International English News

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