From what I knew about Calvin Coolidge (1872 - 1933) I concluded he was one of the good ones. How can you fault a guy who said The business of America is business. What he didnt say is just as important. He did not say the business of America is coerced charity.
Happily, C. C. gets some praise in a biography titled Coolidge by Amity Shlaes. Ive not read the book but two articles prompted me to put it on my must read list. The first by George Will.
After dumping Karl Rove:
David Lane explains danger of the 'amoral Permanent Republican Majority'
Published: 12 hours ago
by DAVID LANE
The USS Rove must be sunk
future Republicans lusting after high office should embrace a Coolidge quote in Wills article:
It is much more important to kill bad bills than to pass good ones. Calvin Coolidge
For years Ive been saying do not tell me what youre going to do tell me what you will veto and mean it. Bush the Elder basically said he would veto new taxes when he promised Read my lips: no new taxes. Conservatives now know he did not mean it, or he did not have the guts to hang tough after he got to the White House.
The federal government might stop hemorrhaging respect if Congress tells government employee unions to embrace another quote from Wills column:
There is no right to strike against the public safety by anybody, anywhere, any time. Calvin Coolidge
Calvin Coolidge, commander in brief
By George F. Will, February 13, 2013
Calvin Coolidge, commander in brief - Washington Post
R. Emmett Tyrrells piece primarily shows that C. C. knew a thing or two about the economy:
He reversed the economic insolvency of President Woodrow Wilson, and set the economy on the road to growth, a road made rocky by Cals successor, President Herbert Hoover, and rockier still by Hoovers successor, Franklin Roosevelt.
XXXXX
He even outdid President Ronald Reagan on the economy. Reagan inherited President Jimmy Carters anemic economy. He cut taxes and with Paul Volcker as his guide cut inflation. He put the economy on a growth curve for years thereafter. Yet, as Shlaes points out, he failed to reduce the deficit though he did reduce it as a percentage of GDP and he failed to cut the federal budget.
Coolidge did. In fact, he cut the top income tax rate to 25 percent, three percentage points lower than Reagans historic 1986 tax cuts, and the economy grew. Coolidge reduced the national debt from $28 billion to $17.65 billion with a combination of economies and tax cuts. He actually balanced the budget. When, in 1929, he returned to his Massachusetts home he left the federal budget smaller than it was when he had arrived in 1921. Of equal importance, the economy was now solidly growing.
The unemployment rate that was at 5.7 million in July 1921 had dropped to 1.8 million. Manufacturing had climbed by a third since 1921 and iron and steel production had doubled. Finally, the revenue acts of 1921, 1924, and 1928 represented strong growth despite tax reduction. Something was working.
End of the Coolidge Joke
By R. Emmett Tyrrell, Jr. on 2.21.13 @ 6:09AM
The American Spectator : End of the Coolidge Joke
As much as I love Ronald Reagan the time has come for Tea Party conservatives to call themselves Coolidge Republicans.