The Biden-Carter comparison is not even close.
With inflation and discontent on the rise, Delaware Democrat Joe Biden is drawing comparisons to Georgia Democrat and one-term president, Jimmy Carter, who served from 1976 until 1980. For Jon Miltimore, executive editor of the Foundation for Economic Education, the comparison makes sense on some levels.
Both presidencies followed catastrophic wars, Vietnam and Afghanistan, “that ended badly and required massive amounts of deficit spending (and money printing).” In similar style, Carter and Biden “inherited troubled economies.”
Inflation was already “north of 5 percent” when Carter took over, and unemployment was at 7.5 percent. For his part, Biden “took office during a pandemic that saw widespread government lockdowns, business closures, and unprecedented stimulus spending.”