How Spending Cuts Brought About The Roaring ’20s

Most have not heard about the depression “that didn’t happen” because Progressives do not want us comparing the way politicians approached the problem in the early twenties versus the thirties and forties. FDR’s policies made our depression and great depression and Obama is well on his way to mirroring his hero.

I heard from Glenn Beck that Ronald Reagon’s favorite U.S. President was Harding or Coolidge. Since I didn’t remember I looked them up. When Wilson left office, the unemployment rate was 19% and it was a Depression. After Harding and Coolidge cut spending by almost 75% and cut the marginal tax rate by 50%, the Roaring Twenties were fueled and the unemployment rate went to 2.3% for most of the decade. Everyone prospered, not just the rich (the middle class owned cars, radios, etc.). Even the stock market crash in October of 1929 largely recovered by December of that year. It was the next president’s policies of raising tariffs and taxes that deepened the Great Depression.

Coolidge spend every Friday going over items that could be cut. Why we don’t learn this lesson I’ll never know. This is history that should be taught in the schools, but they’ve been taken over by the leftists.