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Well, I can't say that I depended on overdrafts to run my business, but as I have said in one of my regular news conferences that was televised natio… - Jimmy Carter
" "Well, I can't say that I depended on overdrafts to run my business, but as I have said in one of my regular news conferences that was televised nationwide, yes, I've had overdrafts. Let me add one other thing. There is a fairly common practice--and I am not trying to criticize banks, because I don't know how wide the practice is-but there's a general sense at home, not because it's in the South, but because I live in a small town, that if you have several accounts and a substantial balance in all those accounts, but then you become overdrawn in one of those accounts, then that's not considered to be an illegal or an unethical act. I run, I would say in my business, six or seven individual accounts, different aspects of my farm or my warehouse business. Also, I have a personal account. I never write any checks. I haven't written three checks in the last 5 years. My wife does all the check writing. But if we should have $50,000 or $100,000 in my warehouse account, and in my own personal account my wife should buy a dress and give a $25 check to pay for it and the check bounced 'because we were overdrawn, they would not send for the sheriff or call me on the phone to say, "You've disgraced yourself by having an overdraft." They would say, in effect, "We'll honor this check. We'll put a notice in your mailbox, and then you can shift some money from your warehouse account over into the personal account." But I don't excuse overdrafts. You know, it's obvious that I would rather my own life have been completely free of any overdraft. But I can't say that it's an acceptable thing. But I still don't believe that it's an unethical or illegal thing in the banking circles in which I've had to operate.
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About Jimmy Carter
James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.
Biography information from Wikiquote
Also Known As
Birth Name:
James Earl Carter Jr.
Alternative Names:
James E. Carter
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James Carter
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James Earl Carter
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39th President of the United States
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James E. Carter Jr.
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James Earl Carter, Jr.
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James E. Carter, Jr.
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Additional quotes by Jimmy Carter
I've never had any conversation with Senator Long that would either encourage me or require me to change my position from what it was last April. We still maintain that the proposition we put to the House and Senate in the energy proposal is the best. The House-passed version of the comprehensive energy plan is very close to what we've proposed, and we support the House position in almost every instance when there is a disagreement. I don't have any inclination to modify that position anytime soon. We will be consulting very closely with the particular conferees who most nearly espouse the administration's position, and I would guess that the negotiations leading to some ultimate resolution of differences would be between the Senate conferees, headed by Senator Long and also, of course, Senator Jackson, on the one hand and the House conferee leaders on the other side. We will add our assistance when we can, but we will not betray the confidence of people who look to us for leadership. And I will not work out any private agreement with Senator Long that would betray the commitments that we've made previously, publicly, I might say, in all instances. So, I don't see any possibility of doing what you propose, or what you ask about. Obviously, both sides are very likely to compromise. They've already had compromises on literally dozens of issues. The three major issues remaining, as you know, are the electric rate reform--we have a good chance of having that resolved this week--the pricing structure on natural gas--and that conference committee will go back to work tomorrow; Senator Jackson is returning to Washington, D.C., then--and of course, the tax on crude oil. And these are to some degree interrelated. But I think that we've got a good chance, still, for making progress now, and I'm going to maintain the position that we described last April as long as possible, support in every instance the conferees that support our position.
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And I'm asking you for your good and for your nation's security to take no unnecessary trips, to use carpools or public transportation whenever you can, to park your car one extra day per week, to obey the speed limit, and to set your thermostats to save fuel. Every act of energy conservation like this is more than just common sense — I tell you it is an act of patriotism.
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