A great president 0

On this Presidents’ Day, we pick out the 29th president, Warren Harding, for special praise.

He was a Republican and a conservative whose term in office lasted less than two and a half years (March 4, 1921 – August 2, 1923), ending with his death.

In that short time he achieved a lot.

This is what we like about him:

He reduced federal spending from $6.3 billion to $3.2 billion.

Under is administration, federal taxes were cut from $6.6 billion to $4 billion.

He refused government bail out for failing banks and businesses.

As a result: Unemployment fell by nearly 50% by 1922. Industry flourished and the economy was strengthened.

Furthermore: He treated the ridiculous League of Nations with the contempt it deserved. He strongly advocated political, educational, and economic equality for African-Americans.

True, Harding’s term in office was not scandal-free. But his virtues and accomplishments far outweigh his alleged faults.

If only we had his like in office today!

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Posted under Commentary, Economics, History by Jillian Becker on Monday, February 18, 2013

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