- sunspark says's diary :: ::
Today, it has completely recovered and is setting records.
Today, Detroit may not be thriving, but the Big 3 are alive and well and looking to the future.
Today, all but $200B or so has been repaid.
When he came in, the nation was bleeding jobs, losing them at a pace that seemed assured to land us in another Great Depression.
Almost immediately, after passing the Recovery Act, the bleeding lessened. Every month of his administration, it has continued to lessen. Then, in December, the economy began producing jobs. Every month since then it has produced more jobs than the month before, with over 200K produced in April alone.
(Of course, it can be argued that it was Carter himself, an outsider governor distrusted by the Establishment Democrats, who constituted the "fringe" at the time, and certainly his opposition included many of the major Democratic leaders as well as the outliers. I would argue, however, that after the debacle of the McGovern candidacy, history had already begun moving the party away from its farthest left wing--unfortunate though that was, since at its heart that left wing was absolutely correct about almost everything, and McGovern himself, though he never stood a chance at election, would have made a fine President. The problem is that the party had moved as a whole way too much toward its left wing, and that left wing was too far out of the mainstream to be electable on a national level. Thus it is reasonable to categorize Carter as more in the center.)