Fill out the brief form below for access to the free report.
This article, excerpted below, was originally posted here and is an interview with Amity Shlaes, The 4% Growth Project’s Director and author of the new biography Coolidge, after a presentation on Calvin Coolidge she gave at the Goldwater Institute.
“Like Goldwater, Coolidge has been roundly castigated by the left, whose agenda it is to convince successive generations of Americans that the roaring twenties were a time of awful decadence and led to the Great Depression, a depression that only the socialist policies of an FDR could correct.
The actual historical record says something entirely different, of course. The horrendous failure of those policies of the thirties caused the depression to last much longer than it otherwise would have. According to Shlaes, the only way to alleviate this awful truth is to convince people that the twenties were really terrible and that Coolidge was to blame for the onslaught of everything from the Dustbowl to the collapse of Wall Street.
When Coolidge took office after the untimely demise of President Harding, few knew what to expect from this silent, slightly dour individual. He never gained much popularity within the social elites of Washington. Alice Roosevelt Longworth, the eldest child of Theodore Roosevelt, famously remarked of Calvin Coolidge that he was so sour-looking that he was apparently “weaned on a pickle.”"
“Equally as interesting as the character sketch provided by Shlaes, was her discourse on the emphasis that Coolidge put on reducing tax rates and cutting government budgets. While Coolidge was in office, unemployment remained less than 5%, the top tax rate was reduced from over 70% to 25%, the budget was balanced every year, and government spending was when he left office than when he assumed it.
Coolidge was a hugely popular president, if not with the Washington bureaucracy, with the American people as a whole. To paraphrase Shlaes, he proved that one could be square and still be respected and appreciated.”
To read the full article click here.
TARIFF-IED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.