Carter’s Keynesian Start
This chapter summarizes the fact that Jimmy Carter’s first year in office was no Keynesian triumph. He entered the White House as a planner and problem solver, but his first year tackling the economy revealed significant policy shortcomings. In the meantime, Ronald Reagan, mostly out of the public eye, wrote articles on a variety of economic issues. It goes on to show that by late 1977 there is a clearer picture of Carter’s lack of success as an effective problem solver and his failure to win the support of key progressive leaders in the Democratic Party.