Chris Hedges
December 30, 2024
Carter played a significant role in dismantling New Deal legislation with the deregulation of major industries including airlines, banking, trucking, telecommunications, natural gas and railways. He appointed Paul Volcker to the Federal Reserve, who, in an effort to combat inflation, drove up interest rates and pushed the U.S. into the deepest recession since the Great Depression, a move that saw the start of punishing austerity cuts. Carter is the godfather of the pillage known as neoliberalism, a pillage fellow Democrat Bill Clinton would turbo charge.
He instructed the Central Intelligence Agency to back opposition groups and political parties to bring down the Sandinista government in Nicaragua once it took power in 1979, leading under the Reagan administration to the formation of the Contras and a bloody and senseless U.S.-backed insurgency. He provided military aid to the dictatorship in El Salvador, ignoring an appeal from Archbishop Oscar Romero — later assassinated — to cease U.S. arms shipments.
Continue reading on Peace & Planet News.