PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	9/10/2002 11:30:48 PM
From: MSI	Read Replies (2) of 769670

"The Republican political party of USAmerica controlled both houses of Congress for the whole decade preceding the Great Depression of the 20th century. They also held the Presidency during these years. They pushed tariffs to an all time high, often looked the other way as big business commited violations of the Sherman Anti-Trust Act and market competition within the USA waned, and made tax cuts which benefited the wealthy. It was after all this that the Great Depression took place, lasting for many years." -- Encyclopedia Americana: Republican Party possibly by George H. Mayer, University of South Florida, Grolier Incorporated "Some economists who've studied economic depressions believe the clearest causes of depressions are too little business competition, especially when government itself contributes to such reductions. Also, when governments prop up inefficient businesses rather than letting them fail, that too can help bring on depression." -- Could We Face Another Depression? By Christopher Farrell; BusinessWeek; The McGraw-Hill Companies Inc. ; OCTOBER 19, 2001

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