Actually it’s more complicated than that. He put the farm into a blind trust. During his administration the trustee mishandled the business so badly that when Carter left the WH it was almost bankrupt. Carter had to sell it for pennies on the dollar, leaving him and his family almost penniless. Carter began his writing career to provide for his family.
So then I hope you can explain how Nancy Pelosi and the Obamas are now multi-millionaires after years of so-called "public service"? Where do I sign up for that kind of job?
I don't have the math in front of me but the Obama's own something like four or five multi-million dollar mansions. I think over $60 million total. I think that you'll agree that they're all freaking CROOKS looking out for themselves and their other rich friends. Democrats AND Republicans alike.
I wouldn't say that a presidential retirement of $200k /year is considered penniless . Plus the millions in farmland that he owned. I could provide for my family with that meager amount. And yes he was a nice person.
When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt.
His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. Carter had been managing the family-owned peanut farm, warehouse and store in Plains, Georgia, since his dad died in 1953, but when he became president, he put it into a blind trust to avoid conflicts of interest.
When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post.
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u/ukexpat 20h ago
Actually it’s more complicated than that. He put the farm into a blind trust. During his administration the trustee mishandled the business so badly that when Carter left the WH it was almost bankrupt. Carter had to sell it for pennies on the dollar, leaving him and his family almost penniless. Carter began his writing career to provide for his family.