Over the past year or so I’ve heard several comparisons, comparing Barack Obama with Jimmy Carter. I buy the fact that they are both very intelligent and are very good at analyzing issues they face. And are both fairly slow with their decision making. They both examine every piece of available info in front of them before making a decision. And the latest comparison I’ve heard has to do with the economy. They both have presided over weak economy’s with High Unemployment and weak Economic Growth. But here’s the difference, even though they both understand the nature of the economic issues they face. President Obama has a very good idea on how it should be solved. We saw that with the Recovery Act of 2009, the Affordable Care Act of 2010. The Small Business bill of 2010. That cut taxes for and regs for them. As well as expand their lending capability. Wall Street Reform of 2010, the extension of Unemployment Insurance in 2009 and 2010. He also understands the importance of Deficit Reduction. But President Obama won’t cut the deficit in a way that will hurt the economy. Unlike President Carter who’s number one economic priority was Deficit Reduction. Even though his Budget and Debt were nothing like they are today. And he didn’t seem to have a plan to deal with the weak economy on the late 1970s and early 80s.
These Carter-Obama comparisons are kinda entertaining and even funny. But for the most part aren’t very accurate.