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Carternomics (Lord, never again)
In the midst of the 1980 campaign, a pro-U.S. monarchy was toppled by the 1979 [[Iran|Iranian]] Revolution and dozens of [[Iran Hostage Crisis|American hostages were taken]] inside the American embassy by Islamic fundamentalist revolutionaries after Carter gave sanctuary to exiled dictator Mohammad Reza Pahlavi. With the international outrage at the [[Soviet Union|Soviet]] invasion of [[Afghanistan]] later the same year, Carter was rendered impotent, as America saw its influence declining abroad.
In the midst of the 1980 campaign, a pro-U.S. monarchy was toppled by the 1979 [[Iran|Iranian]] Revolution and dozens of [[Iran Hostage Crisis|American hostages were taken]] inside the American embassy by Islamic fundamentalist revolutionaries after Carter gave sanctuary to exiled dictator Mohammad Reza Pahlavi. With the international outrage at the [[Soviet Union|Soviet]] invasion of [[Afghanistan]] later the same year, Carter was rendered impotent, as America saw its influence declining abroad.
Despite Carter's own Democratic Party controlling both Houses of Congress, and the White House he failed to reform the tax system, and to reduce the size of the government bureaucracy, as promised during the 1976 campaign, or to pass the Martin Luther King holiday.
Despite Carter's own Democratic Party controlling both Houses of Congress, and the White House he failed to reform the tax system, and to reduce the size of the government bureaucracy, as promised during the 1976 campaign, or to pass the Martin Luther King holiday.
Carter has been accused by many of ordering a cover-up of the events at Three Mile Island following the near meltdown of that nuclear plant.{{fact}} He has also been criticized for not doing enough to promote his proclaimed human rights foreign policy stance in his administration, such as continuing to support the [[Indonesia]]n government even while it was implicated in the commission of acts of genocide in the occupation of East Timor.
Carter has been accused by many of ordering a cover-up of the events at Three Mile Island following the near meltdown of that nuclear plant.{{fact}} He has also been criticized for not doing enough to promote his proclaimed human rights foreign policy stance in his administration, such as continuing to support the [[Indonesia]]n government even while it was implicated in the commission of acts of genocide in the occupation of East Timor.
Carter's ineffectual response to Soviet aggression against Afghanistan was to single out American farmers who suffered terribly when he terminated the Russian Wheat Deal, a keystone Nixon [[Detente]] initiative to establish trade with USSR and lessen [[Cold War]] tensions.
Carter's ineffectual response to Soviet aggression against Afghanistan was to single out American farmers who suffered terribly when he terminated the Russian Wheat Deal, a keystone Nixon [[Detente]] initiative to establish trade with USSR and lessen [[Cold War]] tensions.
Carter personally opposed [[abortion]] but only recently, more than a quarter of a century after his presidency, expressed his opposition in public.
Carter personally opposed [[abortion]] but only recently, more than a quarter of a century after his presidency, expressed his opposition in public.
===Stagflation===
A major issue for President Carter failed to deal with was [[inflation]], caused especially by continued high levels of government spending and the rising price of imported oil, which was the major source of energy for many industries. The Misery Index, Carter's own invention of economic well-being, rose 50% in four years.
Government spending caused interest rates to rise to unprecedented levels (above 12 percent per year). Inflation and interest rates reached their highest levels since [[World War II]]. The rapid change in interest rates led to disintermediation of bank deposits, which sowed the seeds of the [[Savings and Loan crisis]]. Investments in fixed income were becoming less valuable. Holders of both bonds, and pensions being paid to retired people had their life savings wiped out. The stagnant growth of the economy (causing unemployment), in combination with a high rate of inflation, has often been called [[stagflation]], an unprecedented situation in American economics.
[[Bert Lance]], Carter's appointee to head the [[Office of Management and Budget]], the office that manages the U.S. federal budget, was forced to resign when his past bank overdrafts and "check kiting" schemes in Georgia were exposed.
==Post-presidency==
==Post-presidency==