George W. Bush in a graduation address yesterday blamed the 1929 stock market crash and WWII on high taxes and high tariffs. As someone whose life is uncannily similar to George W. Bush's, I knew that he would hold this view. Still, I find it gratifying that he shared with the world this insight into the essential Smoot Hawley mechanisms of history, and confirmed what the Wall Street Journal and I have been saying for years!
Here's what George W. Bush said yesterday at Northern Kentucky University, followed by what I said most recently at McCann's Lounge last Friday night.
PRESIDENT BUSH: You might remember the 1920s, at least through your history books at least, and that is, is that we were an isolationist nation. We said, let them figure it out in Europe; we'll let them work out their differences over there, we don't need to be involved. And we had high protective tariffs -- and, by the way, really high taxes. And as a result, there's a worldwide depression. I'm not saying all of it was caused by those tendencies, I'm saying some of it was caused by those tendencies.Me & George know freedom is a universal value. We know that every day that we move closer to achieving this goal is a day that we move away from the failed liberal policies of the past, and put another nail in the coffins of Mr. Smoot and Mr. Hawley.
PAUL M. SARK: You might remember that in 1920s that we were an isolationist nation. We had high protective tariffs and really high taxes. And as a result, of this -- not because of speculation in the stock market as the liberals would have it -- there was a worldwide depression followed by WWII. I'm not saying all of it was caused by high taxes and tariffs, I'm saying most of it was. By eliminating taxes and the last remnant of Smoot Hawley liberal protectionism we will be able to spread freedom throughout the world even more quickly than we are now!
May God bless American freedom!
Technorati Tags: Tax Relief, Bush, Paul M. Sark, Freedom
2 comments:
Will winning the War On Taxes allow the U.S. to spread freedom peacefully and therefore win the War on War?
Yes, Grant! These wars are all part of the run-up to universal peace, that big juicy peace that comes after Armageddon!
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