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Title: Jimmy Carter's White House Diary
Source: [None]
URL Source: https://www.youtube.com/watch?v=00PUmPvRENc
Published: Sep 24, 2010
Author: 60 Minutes
Post Date: 2019-09-29 14:06:33 by BTP Holdings
Keywords: None
Views: 900
Comments: 14

Lesley Stahl speaks to the former president about his new book, "White House Diary," in which he admits mistakes and blames Ted Kennedy for delaying comprehensive health care.

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One thing is certain, the U.S. suffered from high inflation during that period. And I can recall the rise in gasoline prices and lines at the gas station. ;)

BTP Holdings  posted on  2019-09-29   18:08:04 ET  Reply   Untrace   Trace   Private Reply  

One thing is certain, the U.S. suffered from high inflation during that period. And I can recall the rise in gasoline prices and lines at the gas station. ;)

I thought the gas lines were 73-74 when OPEC embargoed. From the Carter years, yes high inflation, though I'm not sure how much was rightly blamed on him. Normally inflation is handled by the fed reserve, not by the president. In fact, it's Congress that controls spending authorization.

Pinguinite  posted on  2019-09-29   19:26:00 ET  Reply   Untrace   Trace   Private Reply  

I remember interest rates up around 22% for things like mortgages in the early years of Reagan's presidency, because it was on TV news every night.

Dakmar  posted on  2019-09-29   20:50:20 ET  Reply   Untrace   Trace   Private Reply  

Yes high inflation and interest rates to match. I remember I couldn't find a job anywhere.

Pinguinite  posted on  2019-09-29   20:52:56 ET  Reply   Untrace   Trace   Private Reply  

My father did really, really, really, well with those interest rates, most locked in for ten years and longer.

Lod  posted on  2019-09-29   21:15:32 ET  Reply   Untrace   Trace   Private Reply  

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