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It’s remarkable how much of the good Reagan-era regulatory liberalization (most famously of airlines, most importantly of natural gas, but also of craft beer and interstate banking) was actually done during Jimmy Carter’s term.
David Watson 🥑
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Deregulation of the airline industry has worked well. We now have four major airlines left providing horrendous customer service.
Everyone seems to attribute President (i)'s accomplishments because of President (i-1)'s prior term, without contextualizing Congressional representation at the time!
The Dems controlled the House all throughout Reagan's presidency. American politics makes little sense if your model is that Rs or Ds were "in power" whenever there was an R or D President.
It's an underrated fact that a lot of the good and bad policies of Reagan were really continuations of Carter's policies. It's why so much of success in American politics is a product of timing and spin, especially in things pertaining to the economy.
I am slowly reading 's Reaganland, and the parts at the beginning about Carter and his administration are fascinating. Populist outsider and religious scold all at once.
Interstate banking was always allowed if the states in question allowed it it just happens that many of the states started allowing it during Carter. Florida especially under Reuben Askew and Bob Graham.
Half the US economy was deregulated while he was President. One of those politicians that history judges better than he was judged at the time. You usually need to wait 20 years before deciding whether a president was good or bad.
Carter also appointed ,Volker to the Fed. It was Volker's leadership at the Fed that tamed inflation. Did Reagan give him political cover? Sure. But that was a Carter appointee. Carter's downfall came from his perceived pessimism & anti-incumbent electorate.
Volcker was appointed by Carter. Inequality started in the early '70s, an administration and half before Reagan
although, tbh, it's good that synfuels was abandoned .. it was just a bribe to West Virginia & Wyoming and should never have happened.
Ignoring the accuracy of your claims ( I am not endorsing/debating), great job politicizing someone's death. 👌😉A perfect fit for this site! How do I get off this ride?