Welcome to the 1970s


This post is by Jeff Carter from Points and Figures


I am old enough to remember the 1970s.  They were my formative years.  For most people, it’s just ancient history.  Maybe Sansabelt pants with plaid patterns will come back in style.  I graduated from high school in 1980, just as Reagan was taking control of the White House.

For a hint at the mood of the country, I suggest you watch the movie “Network”.  Cities all over the country had high crime.  Comedians made jokes about not being able to walk through Central Park in New York City.  Cities were dirty messes and people were continuing to flee to the suburbs.

Jimmy Carter was President during my formative years after Nixon had resigned and Ford had an uninspiring two-year term.  Reagan was elected in November of 1980. He changed the direction of America.

The years from 1974-1980 were not good times in America.  We were in what Carter himself described as a “malaise”.  Much of it was Carter’s own doing.  I don’t believe Carter’s missteps were intentional.  He was just wrong.

We are seeing history repeat itself today.  A new malaise is spreading, and it’s intentional.  Joe Biden is the figurehead.

In the 1970s, we had high inflation and you couldn’t easily get a job. We had an energy crisis. We had unrest in the Middle East, enabled by the bad policies emanating from Washington DC. Sure, Jimmy Carter had the sham Middle East peace accord with the showmanship of Arafat and Begin at Camp David. But, nothing (Read more...)