Wednesday, March 28, 2012
The Greatest President Who Never Was
I can't prove it, folks, and I probably shouldn't assert it, either. But, in my opinion, if Al Smith (a pro-business, non-Keynesian, free-trading, anti-prohibition Democrat) had been elected President in 1928, and reelected in 1932, we probably wouldn't have had a Great Depression. Yes, perhaps we still would have had a downturn and a significant correction in the stock market, but NOTHING like we ended up with during the Hoover and Roosevelt years.......I'm telling you here, people, this man was just too smart to have made the same mistakes that those two fellows did; idiotic levels of deficit spending, monstrously high tax increases, one experiment upon another into the private sector.......Gee willikers, I wonder if there's any of his DNA left.