What made Jimmy Carter a bad president?
When Carter took office in 1977, the inflation rate was 5.22%. Four years later it was 11.83% and during his presidency it actually hit as high as 14.78%! Our current inflation rate is 1.07%. http://inflationdata.com/inflation/Infla… The cost of living adjustments (COLA) when Carter took office was 5.9%. Three years later it was 14.3%. Our COLA for January 2009 is 5.8%. http://www.socialsecurity.gov/cola/autom… When Carter took office in January of 1977, interest rates were 6.25% When left left office four years later they were 20.00%! Right now, our interest rates are 3.25%. http://mortgage-x.com/general/indexes/pr… Can you imagine how difficult it was back then to try to buy a house with inter
