Yes he raised taxes, and obviously the Republicans back then HATED tax increases! Their big plan as always was cutting everything. I agree that raising taxes and doing nothing else would be very stupid. But that's not what happened.

Taxes were raised AND spending decreased, the same spending that was lifting the economy up and reducing unemployment significantly. That was my point earlier, the last thing we need to worry about *right now* is balancing the budget. That mentality is what delayed us in 1931-1938, trying to appease R's and "centrists" by focusing too much on balancing the books.

PS---Never forget that the Great Depression was directly preceded by 5 consecutive tax cuts (and 3 Republican Presidents promoting Deregulation---Harding, Coolidge & Hoover).

And it led to (surprise)

by Tom Hanc on 03/28/2009 12:56:47 PM EST

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