Barack HOOVER Obama: Raised Taxes...GNP Fell 13.4%...Unemployment Jumped To 23.6%...

Politically Drunk - PDOP ^ | 10/21/2008 | Jarid Brown

[Jabrown]

Senator Obama's tax plans are nearly identical to those of the 1932 Revenue Act, whereas Estate Taxes would jump exponentially, the second highest corporate tax rate in the world would become the highest and personal income taxes would jump substantially for millions of small business owners and workers across the nation. Obama's tax proposals would represent the largest revenue based tax increase in US history and act in direct contradiction to the tax policies of both Reagan and Kennedy.

So how successful was President Hoover's tax increase?

In the second half of 1932 the economy completely collapsed in the United States. By the November elections, unemployment had jumped to an astonishing ..

[savvyguy]

Sen. Obama will SURELY raise your taxes to pay for his $860 Billion Spending program, that’s like pouring gasoline to a forest fire! Economists have warned, that this is the WORST thing you can do in the worst economic crises!

This will be a repeat of Herbert Hoover’s tragic mistake, which DROVE the country into the DEPRESSION!

You don’t raise any one’s tax when many businesses are suffering and limping along! Have you ever worked for a poor person? These businesses will be forced to lay off or export the jobs abroad!

[Blood of Tyrants]

And FDR’s socialist policies, minimum wage law, and tax increases made it even worse.