Have you heard John McCain’s newest stump speech? Aside from making the case that he’s way more of what people erroneously assert as socialist, he’s also once again raising concerns of possible early Alzheimer’s related dementia or at the very best case, late stage senility. It’s the opinion of this blogger that John McCain should either take a closer look at recent history or go to a very good neurologist and start taking some AChE Inhibitors.
The most common observable symptom of mild stage Alzheimer’s disease is memory loss. For instance, in the newest stump speech, McCain states the last President to raise taxes during a recessionary period was Herbert Hoover and that resulted in the Great Depression. Not so! Actually, If McCain’s memory was working correctly he would recall the name Andrew Mellon, perhaps you’ve heard of him. Aside from lending his name to a few sports arenas and an excellent University in Pittsburgh, PA, he also served as Hoover’s secretary of Treasury. In the ten years prior to the start of the Great Depression, Mellon had a plan. I bet you’ll never guess what it was. He cut taxes on the richest people, over and over again. It may be shocking to some, and probably coincidental, but the last tax cut that Hoover and Mellon made was in… drum roll please… the same year the Great Depression started, 1929! Oh it gets better folks! Guess what Mellon and Hoover’s response was? Just Guess! Spending Freeze! Balance the budget, cut back on government spending!
Now you may be wondering, doesn’t this policy sound awfully familiar? Yes Folks, it does.
Well, let’s fast forward to 1932, deep into the Great Depression. Hoover,…