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Bush worst president ever?
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<blockquote data-quote="JimJimmyJames" data-source="post: 576475" data-attributes="member: 11425"><p>Coolidge? During Coolidge's presidency the U.S. experienced fantastic prosperity! Ever hear of the "Roaring Twenties"?</p><p> </p><p>The Great Depression was not caused by Coolidge's policies or the Smoot-Hawley Tariff.</p><p> </p><p>The Great Depression was caused mainly by The Federal Reserve's monetary policy. Much has been made on these forums of the Fed's role in helping to destroy this country so I will not go into a polemic here. Research it yourself.</p><p> </p><p>As for Smoot-Hawley: this legislation was passed <em>after </em>the market crashed. Now, it could be argued that it's implementation e<span style="font-family: 'Times New Roman'"><span style="font-size: 12px">xacerbated</span></span> the depression. </p><p> </p><p>I would argue that it was because of protectionism that we had the home grown industries that gave us the manufacturing prowess to defeat our enemies in WWII.</p><p> </p><p>I would furthur argue that it was the rejection of "protectionism" after WWII that has lead to our current economic malaise.</p><p> </p><p>One wonders what we would do today if China suddenly became our mortal enemy. I guess they would sell us everything we would need to defeat them.</p></blockquote><p></p>
[QUOTE="JimJimmyJames, post: 576475, member: 11425"] Coolidge? During Coolidge's presidency the U.S. experienced fantastic prosperity! Ever hear of the "Roaring Twenties"? The Great Depression was not caused by Coolidge's policies or the Smoot-Hawley Tariff. The Great Depression was caused mainly by The Federal Reserve's monetary policy. Much has been made on these forums of the Fed's role in helping to destroy this country so I will not go into a polemic here. Research it yourself. As for Smoot-Hawley: this legislation was passed [I]after [/I]the market crashed. Now, it could be argued that it's implementation e[FONT=Times New Roman][SIZE=3]xacerbated[/SIZE][/FONT] the depression. I would argue that it was because of protectionism that we had the home grown industries that gave us the manufacturing prowess to defeat our enemies in WWII. I would furthur argue that it was the rejection of "protectionism" after WWII that has lead to our current economic malaise. One wonders what we would do today if China suddenly became our mortal enemy. I guess they would sell us everything we would need to defeat them. [/QUOTE]
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