Peenie Wallie

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November 7, 2008

Barack No Student of History

Maybe when Barack was doing drugs, he should have been studying his history books.

http://newsbusters.org/blogs/jeff-poor/2008/08/25/barrons-its-almost-if-obama-wants-repeat-mistakes-herbert-hoover

"It's almost as if Obama wants to repeat the mistakes of Herbert Hoover," McTague wrote. "During the Great Depression, Hoover raised the top marginal rate to 63% from 25% and hiked corporate taxes, too, says Michael Aronstein, chief investment strategist at Oscar Gruss & Son in New York. The moves siphoned needed investment capital out of the markets and into the hands of bureaucrats, delaying the turnaround."

Posted by Rob Kiser on November 7, 2008 at 5:35 AM

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