The Presidential Campaign of 1980
This chapter shows that the allure of Keynesian economic management remained compelling for Jimmy Carter and the national Democratic Party. With Senator Ted Kennedy seeking the Democratic nomination, Carter had little room to maneuver. It also reveals how the Carter and Ronald Reagan campaigns advanced and why the election was a stark choice of “two sharply different pictures of America.” The chapter concludes that Reagan’s victory represented a major victory for conservatism and a tough defeat for the Democratic Party and Keynesianism. Carter’s economic failures were a blow to Democrats who expected the experts to revive Keynesianism and to propel America toward better economic times.