|Source:CBS News- President James E. Carter (Democrat, Georgia) delivering his 1979 crisis of confidence speech, at The White House.|
Source:The New Democrat
"Over thirty years ago, Jimmy Carter gave his famous "malaise speech," in which the president said the country's economic woes were in part due to a "crisis of confidence." CBS News political analyst John Dickerson dug up this archives clip from 1979."
From CBS News
I covered most of this yesterday, but John Dickerson's comment about President Carter's speech being "tone-death" was spot on. This speech sounded like a President who was out of ideas and that his administration was also out of ideas. That they tried everything they could think of to fix the economy and that nothing was getting through. But that they also wanted to get reelected and had to do something drastic which was to try to put the blame on the American people for the problems with the economy. And telling them they were spending too much money and blaming the bad economy on materialism.