Coolidge

[Avatar4321]

You left out Hoover, just like you guys try to leave Boosh out of it...

Hoover was FDR's ideological Twin

Classic Idiot-Gram ^^^

Doesn't change reality.

Roosevelt beat Hoover because he ran to the right of him and then as progressives usually do got power and did what he really wanted to.

 

[CrusaderFrank]

http://books.google.com/books/about/Coolidge.html?id=uvD13ZGXD9MC

 

[regent]

It would be great if a nation's economic slate were wiped clean with each presidential election. Unfortunately it doesn't seem to work that way, so many factors go into an economy and many of those factors take a long time to either die or emerge. And so economic historians try to sort it out later. For example, one of the factors was farm crops needed for WWI. Farmers were encouraged to grow more and prices were great. When the war ended the need for those crops was gone and the prices dropped. The farmers response to the drop in prices was to grow more crops and prices dropped even further. Farmers began to experience bad times and stopped buying farm implements and other materials, and....

 

[bendog]

Hoover could not bring himself to adopting a view of the govt as an employer of last resort, which was FDR's most extreme belief.

We've been through this time and time again, but Friedman proved conclusively, or at least to the point that no economist seriously disagrees, that the reason why responses to the great depression failed, unless free markets were removed and govt nationalized entire economies, was the gold standard. Or to be more pricise, because the way the gold standard was internationally applied was that when country A's currency lost value, gold whet from there, to country B whose currency appreciated as compared to country A's currency. In theory, this was supposed to cause country B to increase money supply.

However, in 1929-30, the Fed did not increase money supply. It did the opposite. This actually fueled deflation, and ushered in the Great Depression that only ended when the entire world's industrial economies were nationalized.

That was Friedman's magnus opus. The Austrians would argue something about markets, but that's about the cure to the Great Depression, not the cause. Monatarism was never applied to the Great Depression. It worked in 1982 and thus far in 2006.

 

[Wry Catcher]

Hoover was FDR's ideological Twin

Classic Idiot-Gram ^^^

They were both Central Planners, believing in the power and wisdom of government and gave us the worst economy in human history

You forget to add, "in my opinion", and then provide supporting and probative evidence. Sorry Frank,

"D--".

 

[CrusaderFrank]

Classic Idiot-Gram ^^^

They were both Central Planners, believing in the power and wisdom of government and gave us the worst economy in human history

You forget to add, "in my opinion", and then provide supporting and probative evidence. Sorry Frank,

"D--".

Yeah, 20% Unemployment for his first 2 terms.

That's the record.

That you don't like, won't make it go away

 

[Wry Catcher]

Coolidge - Amity Shlaes - Google Books

"Amity Shlaes is an American author and newspaper and magazine columnist who writes about politics and economics from a conservative free market perspective. She currently chairs the board of trustees of the Calvin Coolidge Presidential Foundation"
Link: Amity Shlaes at Google.

In Franks mind, a fair and balanced nonfiction author. IMO, a polemic author and an example of those who wrote history for the Ministry of Truth.

 

[CrusaderFrank]

Coolidge - Amity Shlaes - Google Books

"Amity Shlaes is an American author and newspaper and magazine columnist who writes about politics and economics from a conservative free market perspective. She currently chairs the board of trustees of the Calvin Coolidge Presidential Foundation"
Link: Amity Shlaes at Google.

In Franks mind, a fair and balanced nonfiction author. IMO, a polemic author and an example of those who wrote history for the Ministry of Truth.

Whatever, Freddo.

 

[bripat9643]

Clearly, by whatever metric you choose to use, Calvin Coolidge was the 20th Century's Greatest President. He was a strong and principled Governor, breaking an illegal Police strike and gained national attention by firing all the strikers. He was an incredibly disciplined President who choose NOT to micromanage the US economy. He was secure enough that he did NOT need to constantly demonstrate how smart and helpful he was on a 24/7/365 basis. He inherited a recession as bad as the ones that Obama and FDR inherited. Instead of making them worse and using them to redirect the USA on the destructive path of Progressivism, he stepped aside and let assets, liabilities and wages reprice from a wartime to a peacetime economy. In 18 months, unemployment dropped from 12% down to 4%. By the end of his President you could not find an unemployed person in the USA.

He was fortunate enough to be President during a period of great transformation technologies: Electrification of cities and industry, mass production and flight. He was disciplined enough to let the markets work out the best way to bring these benefits to Americans. These were the Roaring 20's. A nation that reduced it's debts, taxes and regulations and let Freedom work for the benefit of the people.

And, of course, he is not discussed, his economic record is a state secret. He is lied about (Shocking, I know) as somehow "involved" with the Teapot Dome Scandal.

If FDR is "Great" Coolidge is a God

Another opinion: American President: Calvin Coolidge: Impact and Legacy

"Although the public liked and admired Calvin Coolidge during his tenure, the Great Depression that began in 1929 seriously eroded his reputation and changed public opinion about his policies. Many linked the nation's economic collapse to Coolidge's policy decisions. His failure to aid the depressed agricultural sector seems shortsighted, as nearly five thousand rural banks in the Midwest and South shut their doors in bankruptcy while many thousands of farmers lost their lands. His tax cuts contributed to an uneven distribution of wealth and the overproduction of goods. Many Americans were deeply in debt for having purchased consumer goods on easy installment credit terms.

Coolidge's foreign policy also fell into some disrepute when it became clear that his signature achievements, including the Dawes Plan and the Kellogg-Briand Pact, did little to prevent the rise of Nazism in Germany or the resurgence of international hostilities. The peace of the 1920s faded almost as quickly as the prosperity. But Coolidge also led the nation, if passively, into the modern era. He was a bridge between two epochs.

In the conservative 1980s, Coolidge regained some of his stature, at least in conservative circles. President Ronald Reagan returned his portrait to the Oval Office. Reagan also praised Coolidge's political style and hands-off leadership for producing seven years of prosperity, peace, and balanced budgets.

Nevertheless, scholarly opinion looks upon the Coolidge presidency with skepticism, ranking him relatively low among American chief executives in terms of his administration's positive impact and legacy. Despite his personal integrity, he offered no sweeping vision or program of action that the presidencies of Theodore Roosevelt and Woodrow Wilson had led the public to associate with presidential greatness."

Coolidge was not President after 1928, so, as I previously stated, you'd have to be a pathological liar to blame him for the subesquent actions of Hoover, the Fed and Hitler

When liberals are in power, it's always someone else's fault.

 

[bendog]

I'm in awe. Hoover is now a liberal. It's like history starts over every day. LOL

 

[CrusaderFrank]

I'm in awe. Hoover is now a liberal. It's like history starts over every day. LOL

FDR's team admitted they copped many of Hoover's Progressive ideas

 

[regent]

I'm in awe. Hoover is now a liberal. It's like history starts over every day. LOL

I fought the "Truman is a Republican" gambit for some time and gave it up.

 

[regent]

I wonder why historians in their last rating, rated Coolidge in 36th place out of 44 presidents, that's below average and even below Bush that snapped up 39th place. But not too worry Harding held on to the title of America's worst president.

 

[whitehall]

Shouldn't the post be in the history forum? Republican memory goes back about as far ad FDR but low information lefties can't remember anything before Nixon.

 

[CrusaderFrank]

I wonder why historians in their last rating, rated Coolidge in 36th place out of 44 presidents, that's below average and even below Bush that snapped up 39th place. But not too worry Harding held on to the title of America's worst president.

Historians are morons and progressives. They rate "greatness" by the amount of permanent damage a progressive president was able to inflict on the nation

 

[whitehall]

Here's little anecdote about Cooledge from page 61 of the best seller "Flags of our Fathers". One of the Marine Flag raisers on Iwo Jima, Ira Hayes was a Pima Indian. The Pimas were immensely successful farmers in Arizona for hundreds of years with the irrigation from the Gila River. In 1930 former president Cal Coolidge came by and smoked a peace pipe for the press (the Pimas did not include the peace pipe in their tradition) and told the Pima indians what an inspiration they were to the Country (even though they did not have the rights of citizens) and then he left to dedicate the Coolidge Gila River Dam that reduced the Pimas to poverty when not a drop of water ever flowed into their irrigation network again.

 

[regent]

I wonder why historians in their last rating, rated Coolidge in 36th place out of 44 presidents, that's below average and even below Bush that snapped up 39th place. But not too worry Harding held on to the title of America's worst president.

Historians are morons and progressives. They rate "greatness" by the amount of permanent damage a progressive president was able to inflict on the nation

In their last rating, the historians used 20 categories for rating and permanent damage was not one. The closest might be "avoid crucial mistakes."

 

[bripat9643]

It would be great if a nation's economic slate were wiped clean with each presidential election. Unfortunately it doesn't seem to work that way, so many factors go into an economy and many of those factors take a long time to either die or emerge. And so economic historians try to sort it out later. For example, one of the factors was farm crops needed for WWI. Farmers were encouraged to grow more and prices were great. When the war ended the need for those crops was gone and the prices dropped. The farmers response to the drop in prices was to grow more crops and prices dropped even further. Farmers began to experience bad times and stopped buying farm implements and other materials, and....

And what? Farmers suffered all through the 1920s. IF that caused the Great Depression, then why didn't it start in 1918?

 

[bripat9643]

I wonder why historians in their last rating, rated Coolidge in 36th place out of 44 presidents, that's below average and even below Bush that snapped up 39th place. But not too worry Harding held on to the title of America's worst president.

Historians are morons and progressives. They rate "greatness" by the amount of permanent damage a progressive president was able to inflict on the nation

In their last rating, the historians used 20 categories for rating and permanent damage was not one. The closest might be "avoid crucial mistakes."

Causing permanent damage is something they view as a positive, not a "crucial mistake."

 

[bripat9643]

Hoover could not bring himself to adopting a view of the govt as an employer of last resort, which was FDR's most extreme belief.

We've been through this time and time again, but Friedman proved conclusively, or at least to the point that no economist seriously disagrees, that the reason why responses to the great depression failed, unless free markets were removed and govt nationalized entire economies, was the gold standard. Or to be more pricise, because the way the gold standard was internationally applied was that when country A's currency lost value, gold whet from there, to country B whose currency appreciated as compared to country A's currency. In theory, this was supposed to cause country B to increase money supply.

However, in 1929-30, the Fed did not increase money supply. It did the opposite. This actually fueled deflation, and ushered in the Great Depression that only ended when the entire world's industrial economies were nationalized.

That was Friedman's magnus opus. The Austrians would argue something about markets, but that's about the cure to the Great Depression, not the cause. Monatarism was never applied to the Great Depression. It worked in 1982 and thus far in 2006.

That isn't what Friedman proved, moron. It's true the gold standard isn't worth a shit when the federal government is printing federal reserve notes like there's no tomorrow, but that isn't a black mark against the gold standard.