Geee Posted October 22, 2012 Share Posted October 22, 2012 National Review: How will this election be seen in history? Obviously, it depends on who wins. If Barack Obama is defeated, the irresistible comparison will be to Jimmy Carter. A president was rejected for a second term after pursuing big-government programs amid high energy prices and attacks on America in the Middle East. Actually, that’s not entirely fair to Carter. His budget deficits were minuscule next to Obama’s, and in response to the Soviet attack on Afghanistan he began the defense buildup that Ronald Reagan accelerated. Carter supported airline deregulation, which made air travel widely accessible, as well as rail and trucking deregulation, which squeezed billions from the cost of goods and services. He signed a tax bill cutting capital-gains rates and establishing 401(k) deferred-tax retirement accounts. Link to comment Share on other sites More sharing options...
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