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theRepublic said:
What's up with that single massive quarter in what appears to be 1978?

I'd guess deregulation of markets by Jimmy Carter.

For one he deregulated the Airline industry.

That and a bunch of other crap.

Eh then again I don't know if i'd blame it on carter.  He had his issues with the economy he just never worked to fix them.  He knew running a deficit was going to screw them.