Skip to main content
×
×
Home

JIMMY CARTER, BILL CLINTON, AND THE NEW DEMOCRATIC ECONOMICS

  • IWAN MORGAN (a1)
Abstract

Jimmy Carter's response to stagflation, the unprecedented combination of stagnation and double-digit inflation that afflicted the American economy during his presidency, made him the subject of virulent attack from liberal Democrats for betraying New Deal traditions of activist government to sustain high employment and strong economic growth. Carter found himself accused of being a do-nothing president whose name had become ‘a synonym for economic mismanagement’ like Herbert Hoover's in the 1930s.1 Liberal disenchantment fuelled Edward Kennedy's quixotic crusade to wrest the 1980 Democratic presidential nomination from Carter. ‘[H]e has left behind the best traditions of the Democratic Party’, the Massachusetts senator charged, ‘We are instructed that the New Deal is old hat and that our best hope is no deal at all.’2 A quarter-century later a more dispassionate analysis would suggest that Carter was neither a do-nothing president nor a throwback to the past in terms of economic policy. Far from being the ‘Jimmy Hoover’ of liberal obloquy, Carter was really ‘Jimmy Clinton’ because in seeking solutions for stagflation his administration laid the foundations of a new political economy that the next Democratic president would build upon.

Copyright
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

The Historical Journal
  • ISSN: 0018-246X
  • EISSN: 1469-5103
  • URL: /core/journals/historical-journal
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Related content

Powered by UNSILO

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed