Word: carterized
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Dates: during 1970-1979
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...taken a vote on whether to admit the Shah, it would have been 220 million against it, and against Carter, Kissinger and other assorted idiots for permitting...
Before admitting the Shah to the U.S., President Carter should have asked the question "What is best for my country?" not "What is good for the Shah...
This was Jimmy Carter, President, leading the U.S. in a way that, until the Iranian crisis erupted in November, the former Governor of Georgia had not managed in his three years in the White House. Through those first thousand days, Carter had stumbled and tripped, scored some victories, but lost his way many times. Under his Administration, the economy had worsened, with inflation moving to levels higher than any since the end of World War II and with the threat of a serious recession growing more real each week...
Since Americans use much more oil than anyone else, they need to cut back the most. As the Senate last week approved the outlines of a windfall-profits tax on the oil industry, Jimmy Carter was considering a steep new federal tax on retail gasoline. His economists argue passionately for it, but his political advisers worry about a backlash at the polls in November. Illinois Congressman John Anderson, a dark horse Republican presidential candidate, submitted a bill calling for a tax of 50? per gal., with the revenues to be used to chop Social Security taxes approximately in half. That...
...Saudi income taxes, which Aramco's four parents ultimately can use to reduce their U.S. income taxes. Every time Saudi Arabia increases its oil prices, Aramco's local tax payments rise, and so do its benefits under the U.S.'s so-called foreign tax credit. President Carter has vowed to tighten up on the credits, but he has not made much progress partly because Aramco's owners argue that they need the benefits to stay competitive in world markets...