War.........................is big business............why do u think former Vice Pres. Dick Cheney's Halliburton went 10 whole years without paying taxes?  Meanwhile, the IRS goes after single women with 2 kids..........fair?  Not to me...........

Background[edit]

Throughout the 1970s, the United States underwent a wrenching period of low economic growth, high inflation and interest rates, and intermittent energy crises.^[3] By October 1978, Iran, a major oil supplier to the United States at the time, was experiencing a major uprising that severely damaged its oil infrastructure and greatly weakened its capability to produce oil.^[4] In January 1979, shortly after Iran's leader ShahMohammad Reza Pahlavi fled the country, Iranian opposition figure Ayatollah Ruhollah Khomeini ended his 14-year exile in France and returned to Iran to establish an Islamic Republic, largely hostile to American interests and influence in the country.^[4] In the spring and summer of 1979 inflation was on the rise and various parts of the United States were experiencing energy shortages.^[5]

With the return of the long gas lines that were last seen just after the 1973 Yom Kippur War, Carter was widely blamed and planned on delivering his fifth major speech on energy; however, he felt that the American people were no longer listening. Carter left for the presidential retreat of Camp David. "For more than a week, a veil of secrecy enveloped the proceedings. Dozens of prominent Democratic Party leaders—members of Congress, governors, labor leaders, academics and clergy—were summoned to the mountaintop retreat to confer with the beleaguered president." His pollster, Pat Caddell, told him that the American people simply faced a crisis of confidence because of the assassinations of John F. Kennedy, Robert F. Kennedy and Martin Luther King, Jr.; the Vietnam War; and Watergate.^[6] On July 15, 1979, Carter gave a nationally-televised address in which he identified what he believed to be a "crisis of confidence" among the American people. This came to be known as his "malaise" speech, although Carter never used the word in the speech.^[7]

Many expected Senator Kennedy to successfully challenge Carter in the upcoming Democratic Primary. Kennedy’s official announcement was scheduled for early November. A television interview with Roger Muddof CBS a few days before the announcement went badly, however. Kennedy gave an "incoherent and repetitive"^[8] answer to the question of why he was running, and the polls, which showed him leading the President by 58-25 in August now had him ahead 49-39.^[9]

Meanwhile, an opportunity for political redemption came for Carter as the Khomeini regime again gained public attention and allowed the taking of 52 American hostages by a group of Islamist students and militants at the U.S. embassy in Tehran on November 4, 1979. Carter’s calm approach towards handling this crisis resulted in his approval ratings jump in the 60-percent range in some polls, due to a "rally round the flag" effect.^[10] By the beginning of the election season, the prolonged Iran hostage crisis had sharpened public perceptions of a national crisis.^[11] On April 25, 1980, Carter's ability to use the hostage crisis to regain public acceptance eroded when his attempt to rescue the hostages ended in disaster and drew further skepticism towards his leadership skills.^[12]

Following the failed rescue attempt, Jimmy Carter was overwhelmingly blamed for the Iran hostage crisis, in which the followers of the Ayatollah Khomeini burned American flags and chanted anti-American slogans, paraded the captured American hostages in public, and burned effigies of Carter. Carter's critics saw him as an inept leader who had failed to solve the worsening economic problems at home. His supporters defended the president as a decent, well-intentioned man being unfairly criticized for problems that had been building for years.^[2]