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So, suppose that Saudi Arabia and other OPEC nations do not place an embargo upon the US, either because of the Yom Kippur War not happening or for another reason. The lack of such a supply shock would likely significantly reduce the breadth and extent of stagflation in the United States. My question is, how would this effect US politics in the 1970s? Supposing Watergate happens roughly as OTL, would this put Gerald Ford (or whoever else would succeed Nixon in this scenario) in a better spot to win re-election? If Carter still wins the presidency in 1976, would he be in a better spot four years later? Would a conservative like Reagan have a harder time winning the presidency with better economic conditions in the Seventies? Would this effect the longer-term decline of the New Deal Coalition, or had that ship already sailed by the time of the POD?
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