CrusaderFrank
Diamond Member
- May 20, 2009
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Well...actually, the Hooverites also wanted to cut federal spending in a downward spiral and look where that got the US.
You're confused again, Dear. In 1920, Harding cut spending and, in the same time since Obama took office, unemployment dropped from 12% to under 4%.
Can you imagine that? Unemployment would now be under 5%
Do you really believe that? Do you believe that if Obama had done exactly what Harding did, the results would have been precisely the same?
But Ravi is completely wrong. Hoover increased Federal taxes and spending over 50% over four years.
Well Obama would have had to repeal all of FDR economy strangling Labor laws, but yes, had Obama done a Harding we'd have under 5% unemployment and 4% annual growth