Republicans are comparing Barack Obama to Jimmy Carter.  Stuart Eizenstat, Carter’s domestic policy adviser, claims that Carter does not deserve blame for the malaise of the late 1970s.  He says: “What led to the economic problems was the built-in inflation, which we inherited from [former Presidents Richard] Nixon and [Gerald] Ford.”
That assertion is hard to square with the record.  In 1976, the last of the Nixon-Ford years, annual change in the consumer price index was 5.8 percent. Here are the figures for the Carter years:

  • 1977 6.5%
  • 1978 7.6%
  • 1979 11.3%
  • 1980 13.5%