At least George Bush does not have to contend with the twin curses of double- digit interest rates and inflation that poisoned Jimmy Carter's 1980 re- election bid. Unfortunately for the President, the economic parallels with the last Democrat to occupy the White House begin to multiply after that. As Carter entered the final two months of his campaign, he faced a 7.5% unemployment rate. Bush is looking at 7.6%. In the fall of 1980, the nation's economy was dead in the water. Based on the latest round of indicators, so will it be for Bush, who finds himself saddled with...
To continue reading:
or
Log-In
