Yes, notice how he did not run in 1972 or 1976.
That's not the only reason. *wink* *wink* *nudge* *nudge*
Yes, notice how he did not run in 1972 or 1976.
I graduated from high school in June of '81 and had a heck of a hard time finding a decent job.President Mondale appointed Paul Volker to replace Fed Chairman Alan Greenspan in late 1982. With inflation still high, Volker raises interest rates to break the back of inflation.
So, which moderate Republican runs and wins in 1992? (who perhaps even has previous leadership in the RLC, in efforts to steer the Republicans back to the center!)
So yes, I question what appears to be the conventional wisdom that inflation is more important than unemployment.
MONDALE'S FIRST TERM:Senator Mondale by unifying the liberal base and winning just enough establishment support wins the 1980 Democratic nomination. With double digit inflation, high unemployment, an energy shortage thanks to the Iranian revolutions in 1979, and a divided Republican party, Senator Mondale and his running mate Senator Dale Bumpers of Arkansas defeat Former Governor Ronald Reagan of California and his running mate Congressman John Anderson of Illinois:
Senator Walter F. Mondale (D-MN)/ Senator Dale L. Bumpers (D-ARK) 55.1% PV 491 EV
Fmr. Governor Ronald W. Reagan (R-CA)/ Congressman John B. Anderson (R-IL) 43.9% PV 47 EV
![]()