Calvin Coolidge - Speech on Taxation and Government

[Chris]

It's hard to believe we have had Presidents like this.

[midcan5]

It is always hard to believe we had a depression to beat all depressions following his presidency. Shows you how empty words can be. Momma always said the proof is in the pudding.

[Chris]

It is always hard to believe we had a depression to beat all depressions following his presidency. Shows you how empty words can be. Momma always said the proof is in the pudding.

I believe you confuse your Presidents:

...1923
President Warren Harding dies in office. Calvin Coolidge, becomes president. Coolidge is no less committed to laissez-faire and a non-interventionist government.
Supreme Court nullifies minimum wage for women in District of Columbia.
1924
The stock market begins its spectacular rise. Bears little relation to the rest of the economy.
1925
The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I.
1928
Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial.
1929
Herbert Hoover becomes President.
Annual per-capita income is $750. More than half of all Americans are living below a minimum subsistence level.
Backlog of business inventories grows three times larger than the year before.
Recession begins in August, two months before the stock market crash. During this two month period, production will decline at an annual rate of 20 percent, wholesale prices at 7.5 percent, and personal income at 5 percent.
Stock market crash begins October 24. Investors call October 29 Black Tuesday. Losses for the month will total $16 billion, an astronomical sum in those days.

@ http://www.hyperhistory.com/online_n...epression.html

[Subdermal]

I believe you confuse your Presidents:



@ http://www.hyperhistory.com/online_n...epression.html

Oops, midcan.

Aside from all of that: Perhaps a bit of digging regarding what entity constricted the money supply 35%, and how that instigated the Great Depression, might be in order for our leftist bobbleheads.

[Green Arrow]

It is always hard to believe we had a depression to beat all depressions following his presidency. Shows you how empty words can be. Momma always said the proof is in the pudding.

We also had the largest terror attack in history following his presidency. 9/11 has about as much to do with Coolidge's actions as the Depression.