Obama follows in Hoover’s footsteps

OpenMarket.org
by Hans Bader

04/01/09

During the Great Depression, Herbert Hoover damaged the economy, and impoverished the American people, with costly, artificial attempts to stimulate the economy through increased government spending, financed by heavy taxes like the Revenue Act of 1932. Obama is now doing the same thing through his proposed $2 trillion cap-and-trade tax scheme. That tax fulfills his prediction in 2008 to the San Francisco Chronicle (which didn’t report it) that ‘Under my plan of a cap and trade system, electricity rates would necessarily skyrocket’...

//tinyurl.com/d4eaow


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Great+Depression
//freepage.twoday.net/search?q=Herbert+Hoover
//freepage.twoday.net/search?q=Obama
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