Tax Policies of Roosevelt and Obama

Increased taxes were a major part of Franklin D. Roosevelt’s New Deal, during the 1930’s, along with his

expansion of strict political controls. Merely started by President Herbert Hoover, the actions devastated the American economy in the 1930’s.

                       

All this central planning, with open and hidden taxes, is where we are also mired under the present Administration. Yet, with financial history for us to learn from, we have not acquired any practical lesson from the 1930’s.

                       

The current Administration has attempted to tax the U.S. out of a recession, right into a deeper doldrums. One, where we suffer from a lack of decent, private-industry jobs, amidst danger of much higher future prices. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)