Replies

To: crosdaddy; TBP

Weren’t the tariffs put in place after the GD had started?

Don't confuse TBP with facts...

6 posted on 03/09/2018 11:27:49 AM PST by sargon ("If the President doesn't drain the Swamp, the Swamp will drain the President.")

No, they were put in place in 1930. There had been a “crash” late in ‘29, but like other depressions, it hadn’t really taken hold until the government decided to “do something.”

The reason that that happened is that Hoover was a progressive (FDR even more so.) Coolidge had been VP for the depression of the early ‘20s. The government stood by idly and did nothing, and it corrected itself about a year to a year and a half in.

Then the Coolidge-Mellon tax cuts (and spending cuts) turned the recovery from it into a boom — until the progressive Hoover got into office.

12 posted on 03/09/2018 11:32:15 AM PST by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794