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Chris
07-03-2013, 11:17 AM
Salute!

The Fourth of July President (http://spectator.org/archives/2013/07/03/the-fourth-of-july-president)


Calvin Coolidge, who became the 20th President, was born on the Fourth of July, as if Divine Providence had decided he was to be the embodiment of basic American values. As it turned out, he was.

He was born in 1872 to a long line of farmers who scratched out a living from the thin soil of Vermont. The residents of Plymouth Notch took it for granted that hard physical work was part of their destiny. As a boy, Calvin was no exception. Chores around the home and farm were part of his daily life.

Public service was also a birthright. Calvin grew up to believe that honest and earnest public service was the highest calling. He had an almost sacramental view of the democracy of the town meeting and, later, by extension that of larger deliberative bodies. No wonder. His father was a role model. In addition to his involvement in running the town, he was a justice of the peace and state legislator.

The characteristics that we think of as ideal American ones became his through example: thrift, modesty, self-reliance, tolerance, morality, and civility. Even in today’s age of relativism and situation ethics, such characteristics are widely admired.

These traits, combined with shyness, led him to use words carefully and economically (in public life he became jokingly known as “Silent Cal”)....

...He inherited Andrew Mellon as Secretary of the Treasury. Mellon had been engineering sharp income tax rate reductions. Coolidge began allotting several hours a week on his schedule to working with Mellon and his budget director to cut, squeeze, and trim expenses to get the federal budget under control and provide surpluses.

Unprecedented growth followed for the rest of the Coolidge years. Per capita income increased by nearly 50 percent between 1921 and 1929. Automobile production, which was only 569,054 vehicles in 1914, soared to 5,621,715 in 1929. Air travel grew from 49,713 passengers in 1920 to 417,505 in 1929. It was an era of great technological advancement. The number of patents issued between 1918 and 1934 (most of those during Harding-Coolidge years) was not matched until the late 1980s and ’90s.

Coolidge believed that, in normal times, the government should get out of the way, for the most part, and let the private sector — the people — build and expand economic prosperity. He said, “I want the people of America to be able to work less for the government and more for themselves. I want them to have the rewards of their own industry, This is the chief meaning of freedom.” Would that Barack Obama had a hearing aid to overcome his tin ear that blocks such messages.

Upon Coolidge’s early death in January 1933 (just short of age 61), humorist Will Rogers wrote this tribute: “By golly, you little redheaded New Englander, I liked you. You put horse sense into statesmanship.”

nic34
07-03-2013, 11:23 AM
Calvin Coolidge

Coolidge, Calvin(b. July 4, 1872 d. Jan. 5, 1933), 30th president of the United States, whose shrewd and meticulous planning and political foresight helped guide the United States into the Great Depression. Coolidge’s bold economic vision of reckless investment and wild speculation on Wall Street laid the groundwork for a ruinous stock market collapse that the president promised would bring about the worst, most devastating economic crisis in U.S. history.

In 1928, as America continued enjoying the fruits of the Roaring Twenties, Coolidge reassured citizens that his careful stewardship of the economy would plunge them into a desperate squalor where “millions of Americans will soon be scavenging for scraps of food like wild animals.”

Though out of office by the time the stock market finally crashed on Oct. 29, 1929, Coolidge is nonetheless credited with bravely steering the nation out of an extended period of prosperity and firmly setting it on course for economic catastrophe, and for inspiring the policies of such future presidents as Ronald Reagan and George W. Bush.

http://www.theonion.com/topics/calvin-coolidge/

Chris
07-03-2013, 11:38 AM
The Onion!!

Chris
07-03-2013, 11:57 AM
Actually, nic, thanks for reiminding me: Calvin Coolidge Revised: New Find On 1929 Crash (http://thepoliticalforums.com/threads/14188-Calvin-Coolidge-Revised-New-Find-On-1929-Crash).