Barack Obama calls signals from Jimmy Carter's playbook

Tweet

* Price controls on oil? Check.
* A windfall profits tax? Check.
* Taxpayer-funded boondoggles on solar energy? Checkety-check.
* Taxpayer-funded boondoggles on synthetic fuels? Check and mate, biznatch!


Yes, ripped from today's headlines are the very strategies set in motion by the worst president in history: James Earl Carter.

Let's pause a moment here and reminisce about 8% unemployment, 15% inflation, and 17% auto loan rates.

Screencap: Dept. of Energy Official Timeline. Chart: Tax Foundation.