Jenkins on Carter
I’ve written before than Jimmy Carter’s pious, sanctimonious, and off-putting public persona may have caused conservatives to miss the fact that he wasn’t that godawful a president. Holman Jenkins has a column in today’s WSJ, “If Obama Had Carter’s Courage,” that provides a point of evidence in Carter’s favor.
In Mr. Carter’s day, bankruptcies were scything through the railroad sector, hurtling toward a rendezvous with nationalization. Conrail, an amalgam of failed Northeastern lines, had already been taken over and analysts foresaw a $300 billion bill (in today’s dollars) in the likely prospect that Washington would soon have to operate the rest of the nation’s freight railroads….
comprehensive federal regulation had only distorted the industry’s pricing, driven away investment, and made competitive adaptation impossible. But the argument had a new ring now that Washington would have to bear the political risk of operating and subsidizing the nation’s rail services.
It still took some doing on Mr. Carter’s part. When the bill stalled, a hundred phone calls went from the White House to congressmen, including 10 by Mr. Carter in a single evening. The bill essentially no longer required railroads to provide services at a loss to please certain constituencies. It meant going up against farmers, labor, utilities, mining interests, and even some railroads — whereas Mr. Obama’s auto bailout tries to appease key lobbies like labor and greens, which is why it can’t work.
I should note also, that in his updated, libertarian ranking of the presidents, Ivan Eland ranks Jimmy as one of the least bad modern presidents.