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I'm sure the partisan Republicans will agree with that.It was the Carter economic and foreign policy plans that created the OPEC reaction which led to gas lines, the high inflation and it was the fear of Reagan's foreign policy and leadership that brought OPEC back in line. Leadership does matter as does a pro growth economic policy. to say that economic ups and downs largely are out of control of the POTUS is probably partially true but was we have seen in a consumer driven economy the POTUS economic policies do have an effect as does their foreign policy decisions.
I'm not so sure that the Arabs were quaking in their boots after Reagan's sale of arms to Iran.