No, that was in the tail of a downturn that hit bottom years earlier. Nixon's wage and price controls were never a solution, they just pushed the inflation forward.
Unemployment did peek early under Regan, but this was just the cycle playing out at the tail.
Presidents get far to much credit and blame for the economy. It was always 100% obvious that whoever won the '08 election would look bad. Ditto that for '12.
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