Today’s choppy economic growth conjures up memories of the ’70s, when another Democrat presidency reigned over a similar period of stagnation, dubbed the era of “malaise.”
Like the Carter years, the Obama years so far are marked by anti-business policies and anemic business activity. This week’s raft of gloomy economic reports confirm the zombie Obama recovery has hit another dangerous soft patch.
Here. That period of time may have been noted for economic stagnation, Carter created a centrally planned National Energy Policy, which many conservatives today repeat, but Carter also deregulated several industries:
Under Carter’s watch, the Airline Deregulation Act of 1978 was passed, which phased out the Civil Aeronautics Board. He was also somewhat successful in deregulating the trucking, rail, communications, and finance industries.