Niall Ferguson, Columnist

Joe Biden Has Only Days to Avoid Becoming Jimmy Carter

Rampant inflation, foreign policy fiascoes and failed sanctions — is America back in a national malaise?

He had a bad year. 

Source: Central Press via Getty Images

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It is just over a year since some eminent historians were comparing Joe Biden to Franklin Roosevelt or Lyndon Johnson and hailing the advent of a “transformative” presidency. My response at the time was that it was more likely to be a reprise of Jimmy Carter’s. This is starting to look as good a prediction as my Jan. 2 call that war was coming to Ukraine.

It was on July 15, 1979, that Jimmy Carter delivered what came to be known as his “malaise” address to the nation — though the word did not appear in the text. Intended as a bold, broad-brush speech about “about national concerns, the energy crisis, reorganizing the government, our nation’s economy, and issues of war and especially peace,” it has gone down in history as a political suicide note.