No. 39 · The Presidents
Jimmy Carter
1977-1981
Carter's administrative actions included new and numerous federal regulations, oil import quotas, “windfall” profit taxes on oil companies and foreign policy debacles, including the Iranian Revolution. The results of which include reigning over a 21.5% prime lending rate (the highest in the nation's history), 12% inflation and gas station lines blocks long due to supply shortages.
Lyrics
Capo 3 · Am, Em, G, D
jimmy carter
couldn't you be a little smarter
all your taxes have more consequences
than just short-term income coming in
oil import quotas, windfall profit taxes
regulations, foreign debacle of Iran's revolution
add it all up and what does it equal
the highest lending rate of all time
round-the-block for gas wait lines
12% inflation
way to heal the nation
From the book, published 2009 · song & page updated
12% inflation