Good 'ol President Carter. One of America's greatest Republican Presidents.
Carter
deregulated the airlines,
deregulated railways,
deregulated trucking,
deregulated beer and homebrewing,
deregulated oil prices,
greatly deregulated banks (Prior to this, banks couldn't set their own interest rates, credit unions couldn't offer checking accounts, and the Fed could tell banks the maximum interest rate they could use).
In addition, with his Fed appointee,
Paul Volcker, Carter did the heavy lifting to slash inflation.
So Reagan comes into office with a newly deregulated economy, with the cheap oil flowing from the Carter-deregulated oil fields, being transported on the Carter-deregulated roads and rails, and sees economic success.
And Reagan STILL managed to set records for growing the government and deficit spending. Despite four major tax increases (after an initial tax cut.) Damned lib'rul.
Like any good Republican, Carter sought to avoid foreign entanglements. Taking a more concrete step than almost any other President in that regard, he fought to end America's dependence on foreign oil. His
Moral Equivalent of War speech should be required reading for any Republican. The other party mocked him for it.
Had the next guy not junked his energy program, his proposed mileage standard etc., even removing the solar panels from the White House roof "because weakness", who knows? The US might not have been dragged into Gulf War I, leading in turn to 9/11, leading in turn to Afghanistan and Gulf War II.