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Ninety years ago, the United States and most of the rest of the Western industrial world was in the throes of the Great Depression. Usually demarcated as having begun with the U.S. stock market crash of October 1929, the Depression is most often dated as having reached bottom at the end of 1932 and the early part of 1933.
Unemployment, as measured by the government, reached more than 25 percent of the American labor force; Gross National Product declined by 54 percent. Wholesale prices in the U.S. declined between 1929 and 1933 by 23 percent, while farm prices, alone, went down by 52 percent over the same period. It is not surprising that, given the falls in prices, that the aggregate money supply had contracted by 30 percent during the Great Depression, and more than 8,000 banks closed their doors.
The Great Depression was unique in anyone’s living memory in terms of its severity and duration. While not to the same ...
Every president since George Washington has delivered an inaugural address. Beginning with William McKinley, the address has taken place after the swearing in of the new president instead of before.
There have been some notable inaugural addresses.
William Henry Harrison’s inaugural address in 1841 was almost two hours long. He delivered the address in freezing weather without a hat or a coat, contracted pneumonia, and died thirty days later.
It was at his first inaugural address in 1933 that Franklin Roosevelt uttered one of his most memorable phrases: “The only thing we have to fear is fear itself.”
In his first inaugural address in 1981, Ronald Reagan famously said, “Government is not the solution to our problem; government is the problem.”
It was at his inauguration in 2017 that Donald Trump stated, “From this moment on, it’s going to be America First. Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and ...
In the words of Ronald Reagan, here we go again. The unbelievable hatred that Democrats, liberals, progressives, and the mainstream press have toward President Trump continues to consume them, with the latest manifestation being a second impeachment of President Trump, just a few days before he leaves office.
Isn’t the purpose of an impeachment to remove a public official from power? Trump is out of power on January 20. The impeachment trial won’t even be held until after January 20. What’s the point?
I’ll tell you the point: hatred — deep, unfathomable, all-consuming hatred for Donald Trump.
After all, if Trump committed a criminal offense by “inciting” an insurrection, a rebellion, a revolution, or a Reichstag Fire, as his detractors are claiming, there is a remedy for that: a criminal prosecution. The Justice Department under President Biden could secure a criminal ...
