Jimmy Carter's term, repeated. With a Vengence.

Are we really about to go through that? Victor Davis Hanson makes a good case for it:

All Falling Down . . .

[...] Why the pessimism? I think there are a few truths that transcend politics and remain eternal. In life as a general rule, debt has to be paid back, and with greater pain and anger than it was to borrow it. Bullies do not respect magnanimity, but tragically interpret it as weakness to be exploited rather than to be admired.

Hoping that something good comes true —like being self-reliant through solar and wind—does not make it true; neglecting the riches at hand to dream about greater riches that do not exist is adolescent. Radical Islam hates the West, not because of what we do or say, but because of who we are: a dynamic, mercurial culture that challenges all the protocols of a traditional, tribal and religiously fundamentalist society.

Diplomacy is a tool to lessen, but not eliminate, tensions—a way to conduct foreign policy, not a foreign policy in and of itself. [...]

He reviews point by point, on every front, the similarities with the Carter years, and why this is likely to be worse. He ends it by saying that he hopes he's wrong. I hope he's wrong too, but... I remember the Carter years. And what I see now, well... read the whole article. And prepare, as best you can.