In the (then-near future) year 1998, the United States has run out of oil, and many Americans are living in their now-stationary cars and using nonpowered means of transportation such as jogging, riding bicycles and rollerskating. Many Americans wear sweatsuits. Paper money has become completely worthless, with all business transactions being conducted in gold; even a coin-operated elevator warns, "Gold Coins Only". In search of leadership, Americans elect Chet Roosevelt (Ritter) as President of the United States. Roosevelt, a "cosmically inspired" former governor of California, proves to have little in common with Theodore Roosevelt or Franklin D. Roosevelt other than his name. Roosevelt, an overly-optimistic man who quotes positive affirmation slogans, stages a number of highly publicized fund raising events, all of which fail. He becomes interested in having a relationship with Vietnamese American pop superstar Mouling Jackson. Real money comes in the form of loans from a cartel of Native Americans in the United States, led by billionaire Sam Birdwater (George), in control of Nike Inc. (which has been renamed "National Indian Knitting Enterprise").
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