Carter’s issues were many times worse than what we have now.
I am more than a little appalled by the way media and politicians are hyping this situation. We may be approaching conditions worse than anything since Hoover, but we certainly aren’t in such conditions now.
One of the best ways to ensure that conditions do get worse is to constantly exaggerate prresent problems.
Actually, what we face in the next 1-2 years is going to be very similar to "Carter's issues." Anemic (or non-existent) growth combined with high inflation (the U.S. government is making financial commitments it can only expect to keep through inflation) is exactly what the 1970s was all about.