A great president 3

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!

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

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