Inflation is out of balance. There are several fuel lines. Unemployment remains stubbornly strong. It was the United States in the 1970s. Republicans, on the other hand, paint a contrasting picture of the nation in the 2020s, contrasting Joe Biden presidency with that of former President Jimmy Carter.
In a tweet on Wednesday, former President Donald Trump said, “I’m seeing someone comparing Joe Biden to Jimmy Carter.” “I believe it is extremely unjust to Jimmy Carter.” “When Jimmy mishandled crises, Biden generated crisis after crisis.”
Photos of Biden and Carter have started to circulate on social media and Fox News. And it probably doesn’t help that Biden and first lady Jill Biden were taken over by a shrunken Carter and former lady Rosalyn Carter when they visited the Carters’ Plains, in Georgia, at home last month. The picture appeared blurred, most likely due to the photographer’s use of a wide-angle lens.
Last Friday, Donald Trump Jr. tweeted, “Biden is not the next FDR, he’s the next Jimmy Carter.” His tweet made the Twitter hashtag Jimmy Carter trend, while the website clarified that “people are puzzled” by Trump Jr.’s tweet, claiming that the former chairman had earned the Nobel Peace Prize and that his humanitarian record was “wholly valued.”
Conservatives reacted angrily to the depiction of Twitter, with columnist Ben Shapiro writing, “People are perplexed by the fact that Jimmy Carter’s presidential legacy is one of joy and achievement,” writes Twitter.
Congressional Republicans and potential presidential candidates in 2024 hope that linking Biden to Carter would be a fruitful strategy in their efforts to derail the current president’s major “socialist” agenda. Unlike his former rival, Barack Obama, many people see Biden as less of a lightning bolt.
House Minorities Leader Kevin McCarthy said in a campaign text shortly after a meeting between top Congressman Biden and Biden in the White House, “I just met Joe Biden and he is Already trying to bring his radical socialist agenda onto the American people.”
Jobs data from April, as well as another government measure, show that the GOP has gained more ammunition in recent days at a pace not seen in more than a decade. Former Treasury Secretary Lawrence Summers, a prominent Democrat, used the inflation figure to call current economic policy into question.
“Fed and White House policymakers must recognize that a Vietnam inflation scenario now outweighs the previously based on the risk of deflation,” Summers told CNN. “Whatever it was a few months ago, it should now be clear that overheating, rather than overheating, is the dominant economic threat confronting the United States in the coming year or two.”
When comparing the two Democratic presidents or the new economy to one from nearly a half-century ago, the details differ. Or, in sharp contrast to Biden’s immediate predecessor, the past looked better at Jimmy Carter, especially his post-presidential actions. The current gas shortage is the result of a single cyberattack on a critical pipeline, and the 1970s shortage culminated in the nation keeping oil imports hostage.
After defeating Gerald Ford in the 1976 election, Carter inherited a shambles. Stagflation had occurred, as had Ford’s Whip Inflation. Buttons had been tainted. Inflation and slow economic growth had become entrenched.
Following the Arab oil embargo recession of the mid-1970s, the economy started to rebound, with GDP growth of 4.6 percent in the year it took office, unemployment of 6.4 percent, and inflation of 6.7 percent. In fact, growth peaked at 5.5 percent before turning negative before 1980. In 1979, however, inflation was 13.3 percent, and unemployment was 6 percent.
The so-called misery index, which combines unemployment and inflation, hit 19.72 percent by the end of his term, the highest amount in modern history.
“Most likely, as with Jimmy Carter, who was inaugurated in January 1977, Biden’s political fortunes would rise and fall mainly with the economy,” newspaper columnist Liz Peek wrote Monday. “Carter started well, but his popularity waned over time.” His highest approval rating was 75% in his third month of work; his lowest was 28% in June 1979, before the Iranian hostage crisis, which many consider to be Carter’s greatest criterion “”Deception” is a word that comes to mind.
Biden | Don’t forget to follow us on Twitter @njtimesofficial. To get latest updates