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just in case Benny Bernancke or “Bammy re really interested in an economic recovery...here’s the recipe..

Warren Harding figured it out in 1920...

Congress and the Executive Branch have lots to do.

So far they’re not doin’ it right..

Its been done before..

Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve’s activity, moreover, was hardly noticeable. As one economic historian puts it, “Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.” 2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.

http://www.firstprinciplesjournal.com/articles.aspx?article=1319&loc=r

BTW..ole Warren ALSO fixed immigration...

Mr. Harding signed into law the Emergency Quota Act[3] which sought to control immigration following World War I and preserve the distinctive American culture by ensuring the majority of immigrants came from the historically compatible cultures of Northern Europe. This law aimed to bring wages of hard working Americans under control by limiting immigration to 3% of the 1910 census. It was followed on by a similar act in 1924, after Mr. Harding’s death.[4]

A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy. However DC would have to yield on a tremendous amount of power. Our job as We the People...is to persuade them of the “utility” ..shall we say..of doing so. In all probability the same minds that made the mess...aren’t capable of the solution however.

BTW any takers that ‘Bammy couldn’t even tell you that Warren Harding was one of his predecessors in office?

Even more telling about what our betters in the RinoCracy think of a Constitutional President..

http://www.usnews.com/listings/worst-presidents/warren-harding

I knew Calvin Coolidge had cut the income tax, and he’s generally credited with the economic prosperity of the 1920s. I didn’t know Warren Harding was an even bigger pro-growth, tax-cutting president until your post. I’ve just spent a little time reading up on him, and clearly he’s been overlooked by history and by conservatives. He unleashed the American private economy and started the economic boom that Coolidge (who was his VP) continued after Harding’s death. Very interesting—thanks for your informative post.

Good info about Harding, I had no idea how effective he was. I never read or heard this before. No way his methods will be implemented these days, surrenders too much power (and responsibility) back to we the people.

I also believe that it wouldn’t take much for an economic recovery to be unleashed. With the handcuffs taken off, it would almost explode. I can even see the possibility of it requiring some form of restraint. “Afterburners” is accurate.