The Ukiah Daily Journal

Who was the worst president for inflation?

- By Jon Lansner

Presidents' Day was this week, and to honor the nation's top bosses, I figured an economic scorecard would be helpful.

Now, the commander-inchief probably gets too much blame — or too much credit — for what's going on in the nation's business climate. Still, the buck stops at the Oval Office for anything in America.

With the cost of living a hot topic, my trusty spreadshee­t reviewed how presidenti­al terms fared with the Consumer Price Index dating back to the end of World War II. Now, one challenge in gauging presidenti­al economic influence is timing. I chose a six-month lag, so grading began with July data after the inaugurati­on.

And because inflation is often a byproduct of a hot economy, job growth in the same period was also tracked.

So who fared worse when it came to handling the cost of living?

Carter (1977-81): 10.9%-ayear average inflation with 2.4% job growth (No. 7 of 19 terms since 1948). It's why Jimmy Carter was a oneterm president as he had few answers for geopolitic­al instabilit­y that drove up oil prices.

Nixon/ford (1973-77): 8% inflation with 1.9% job growth (No. 9). Richard Nixon's political woes forced a resignatio­n that overshadow­ed serious economic ills that hurt Gerald Ford's re-election chances.

Biden (2021-today): 6.3% inflation with 3.3% job growth (No. 3). Joe Biden's record isn't complete, but the cost of living is problemati­c. The side effect of the huge stimulus thrown at the coronaviru­s business chill was an overheated economy — and prices.

Nixon (1969-73): 4.9% inflation with 2.1% job growth (No. 8). Ending the Vietnam War was a boost; Middle East tensions a bust.

Reagan (1981-85): 4% inflation with 1.7% job growth (No. 12). Recession and high interest rates early in Ronald Reagan's first term set a base for solid growth.

Johnson (1965-69): 4% inflation with 3.7% job growth (No. 1). The Vietnam War boosted the economy, prices and political tensions for Lyndon Johnson. He chose not to run for reelection.

Bush Sr. (1989-93): 3.8% inflation with 0.7% job growth (No. 15). A late-term recession led to George H.W. Bush's re-election defeat.

Reagan (1985-89): 3.7% inflation with 2.6% job growth (No. 6). Tax cuts and pro-business laws boosted the economy in his second term.

Truman (1949-53): 3.1% inflation with 3.7% job growth (No. 2). The economic stumble from the end of World War II was reversed by the Korean War for Harry Truman.

Trump (2017-21): 2.7% inflation with 0.1% job growth (No. 18). A strong, low-inflation economy was derailed by the pandemic and that likely cost Donald Trump re-election.

Clinton (1993-97): 2.7% inflation with 2.6% job growth (No. 5). Bill Clinton's support for free-trade policies was a short-run boon in his first term.

Bush Jr. (2001-05): 2.6% inflation with 0.5% job growth (No. 17). George W. Bush had to juggle a dotcom bust and the 9/11 attacks that chilled the business climate.

Clinton (1997-2001): 2.5% inflation with 1.7% job growth (No. 11). Middle-income tax cuts in Clinton's second term were a plus.

Bush Jr. (2005-09): 2.3% inflation with 0.8% job declines (No. 19).

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