Tuesday, August 24, 2004

A smart article on Kerry's charge that our economy is equivalent to the Hoover years of the early Depression. Honest historians everywhere should howl at its complete inaccuracy. Tim Kane convincingly blows up the claim here. More telling is his observation:

What were Hoover’s policy responses to the Great Depression? He persuaded Congress to raise the top income tax rate from 25 percent to 63 percent. Hoover also signed the Smoot-Hawley tariff, a 40 percent tax on imports. But aren’t higher taxes on the rich and protectionism against outsourcing Kerry’s signature issues? Every time outsourcing is mentioned in this campaign, voters should recognize Hoover’s fingerprints on the Kerry economic agenda.

Kerry is no JFK, he's HH.

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