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Nov 30 2017 07:04pm
was just reading this article here about the politics of the early 1900's, looks like history repeating itself :o ?
https://www.washingtonpost.com/news/posteverything/wp/2017/11/30/im-a-depression-historian-the-gop-tax-bill-is-straight-out-of-1929/?utm_term=.30dcc0307387
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“There are two ideas of government,” William Jennings Bryan declared in his 1896 “Cross of Gold” speech. “There are those who believe that if you will only legislate to make the well-to-do prosperous their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous their prosperity will find its way up through every class which rests upon them.”

That was more than three decades before the collapse of the economy in 1929. The crash followed a decade of Republican control of the federal government during which trickle-down policies, including massive tax cuts for the rich, produced the greatest concentration of income in the accounts of the richest 0.01 percent at any time between World War I and 2007 (when trickle-down economics, tax cuts for the hyper-rich, and deregulation again resulted in another economic collapse).
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Nov 30 2017 07:12pm
The great depression was a result of the expansion of credit within the central bank...

You’re welcome.
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Nov 30 2017 07:14pm
Quote (duffman316 @ 30 Nov 2017 19:04)
was just reading this article here about the politics of the early 1900's, looks like history repeating itself :o ?
https://www.washingtonpost.com/news/posteverything/wp/2017/11/30/im-a-depression-historian-the-gop-tax-bill-is-straight-out-of-1929/?utm_term=.30dcc0307387


Ignores that those were progressive republicans. Ignores tariffs. Etc.

Democrats have had plenty of time in the modern era in power. They’ve yet to legislate to make the lower classes prosperous.
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Nov 30 2017 07:39pm
Quote (timmayX @ Nov 30 2017 08:14pm)
Ignores that those were progressive republicans. Ignores tariffs. Etc.

Democrats have had plenty of time in the modern era in power. They’ve yet to legislate to make the lower classes prosperous.


Coolidge and Harding: Progressive Republicans.
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