Jimmy Carter – one of the worst presidents ever

It’s hypocritical & intellectually dishonest for people to paint a nice picture of a US President’s tenure just because they’ve died when there was nothing nice about it. Let me remind you of how bad a president Jimmy Carter and blow up some of the myths that persists to this day:

  1. Carter wasn’t actually a poor farmer or from a poor family. Jimmy was the son of a peanut farmer who had a 350-acre farm, which in today’s dollars is worth about $3 million assuming it’s irrigated land, which a farm typically would be if you want to farm it, and a typical peanut farm of this size has $500K in farm equipment, tools & a barn, plus a farm house worth $500K as most that size do. Jimmy essentially inherited that at age 29, and presumably had to give his mother a lifetime income in exchange for it, just a guess. It’s true that he had a learning curve & some bad luck initially, but a typical 350-acre peanut farmer would net about $250K per year now, which is really good money. They also owned a warehouse and a store that made even more money, probably at least $100,000 more annually in today’s dollars. This puts them in the top 2%, i.e., 98 out of 100 American families make less money. This is nowhere near the definition of a poor family & would be considered upper level income.
  2. He went to Georgia Tech for a year, which is still a good & somewhat difficult school to enter & learn, a school for engineering, then was admitted to the US Naval Academy. That’s not an easy feat to pull off, and even today, it’s only a 10% chance of getting in. Poor people typically don’t stand a chance of getting into one of the military academies — you need power & connections to pull it off, which only his dad would’ve had, so you can call that privilege.
  3. Jimmy was a graduate of the Naval Academy & looked forward to a great future as Naval officer, but gave it away for a poor peanut farm on the verge of bankruptcy?? Of course not, he wasn’t that dumb. The farm was worth millions in today’s dollars and he knew he’d do better as a farmer than as a soldier, and I’m sure he didn’t like working with nuclear disasters as he did for a living (Google that).
  4. He canceled the USA’s participation in the 1980 Summer Olympics in Moscow. There were 458 USA athletes who had spent their entire lives working to shine at the Olympics, especially the last 4 years prior to it, and they wound up with nothing to show for it. There are athletes who may have been among the world’s greatest ever who went nowhere as a result. Read this article to learn more: https://sports.yahoo.com/ghost-olympians-the-saga-of-the-us-boycott-of-the-1980-olympics-123315039.html. Keep in mind Hitler had begun his persecution of Jews in 1935 & opened the 1st concentration camp in July 1936, but a month later, we still sent athletes to Berlin that summer to compete in the 1936 Summer Olympics. FDR didn’t stop that.
  5. He nominated Paul Volcker as Fed Chairman, who then proceeded to stop inflation by any means necessary, even if he had to destroy the economy to do it, which he & the Fed did by jacking the Federal Funds rates up to as high as 20%, which culminated in the prime rate & mortgage rates above that level in 1980-81. It caused a prolonged recession which was still boiling over the whole time Reagan was president — he was reelected in 1984 even though the unemployment rate was almost 8%. Mortgage rates were at 10% as late as 1988. Just look at how the Fed handles inflation now as a more measured & reasonable response to protect the economy from a freefall.
  6. His handling of the Iran Hostage Crisis was a primer on how NOT to handle it. First off, he should have detained the former Shah of Iran as a bargaining chip to get the hostages back, but he let him go in Nov 1979. Iran immediately said they would swap the hostages for the Shah, but Carter refused, so in essence, he thought the Shah was worth more than 52 Americans. He then does much of nothing for the next 6 months except futile efforts that obviously weren’t working instead of attacking Iran or tendering the Shah as he should have. Then he sends in an ill-prepared outfit to save the Americans that crash-landed in the desert, then 3 more months go by with absolutely nothing being done. Then in July 1980, the Shah died in Egypt, and then 2 more months go by with nothing, then Iran says in Sept 1980 that if we’ll give back the $32 billion of the Shah’s frozen money, we can have the hostages back, but Carter says no. He then does nothing for the next 4 months & Iran lets the hostages go right after Reagan is inaugurated just to show Carter what a chump he & his people were.
  7. He gave the Panama Canal to Panama, even though we spent billions in today’s dollars to create it & lost hundreds of lives doing it.
  8. In what was his most egregious act against humanity, he supported giving the corrupt right-wing military government of El Salvador millions of dollars which they used to support their death squads which killed upwards of 75,000 of its opponents. Reagan also continued this support, btw. Google Salvadoran Archbishop Oscar Romero for more info.

    I’ll finish this later, out of time today. This list goes on & on & on like the Energizer Bunny.