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huge tax cuts for the wealthy by hoover? sorry but that is wrong. from the tax history project;
hoover cut the normal tax rates, and left the surtax rate alone. the surtax rate being for the rich. and hoover actually had a budget surplus for 1930 of $738 million. again the problem was NOT low income taxes, it was a number of other things, the smoot-hawley tariff act raised tariffs on goods coming to the US, which in turn caused a tariff war and US goods became far more expensive overseas, and thus the demand for them dropped substantially.
hoover went after the economic problems with optimism. unfortunately the public did not share his feelings on the economy.
The 1932 act was not, however, Hoover's first venture into tax revision. In October 1929, just a few weeks after the great stock market crash, he asked Congress to cut taxes, not raise them. If the 1932 law in retrospect seems horribly misguided and counterproductive, then the 1929 act seems more consistent with modern theories of countercyclical fiscal policy.
Is this your guy? "Thom Hartmann (born May 7, 1951) is an American radio host, author, former psychotherapist and entrepreneur, and a progressive political commentator. His nationally-syndicated radio show, The Thom Hartmann Program, airs in the United States and has 2.5 million unique listeners a week.[SIZE=3][1][/SIZE] In 2008 and 2009, Talkers Magazine named Hartmann the tenth most important talk show host in America,[SIZE=3][2][/SIZE] defining him as most important liberal host (the nine above Hartmann being conservatives
A very liberal and progressive, same as liberal. He probably is respected by other liberals but, not concervatives.
You cherry picked, to say the least.
Besides being brilliant, Thom has always presented both sides of any politcal issue and debates them fairly and honestly and he is the author of numerous books... Thom's books | Thom Hartmann
Hartmann is a writer who has published more than twenty books on diverse topics. The title which won the most critical acclaim is The Last Hours of Ancient Sunlight. In 1999 he was invited by the Dalai Lama to spend a week in Dharamsala after the Dalai Lama finished reading this book. Hartmann won the Project Censored Award in 2004 for Unequal Protection. As a result of a book on spirituality, The Prophet's Way, he was invited in 1998 to meet Pope John Paul II.
Thom Hartmann is a lay scholar of the history and textual analysis of the United States Constitution; attention-deficit hyperactivity disorder (ADHD); electronic voting fraud; and environmental issues like global warming. He has authored many books on political topics and attention-deficit hyperactivity disorder (ADHD). He is the inventor of the Hunter vs. farmer theory of the condition.
Hartmann is also a vocal critic of the effects of globalization on the U.S. economy, claiming that economic policies enacted during and since the presidency of Ronald Reagan have led, in large part, to many American industrial enterprises' being acquired by multinational firms based in overseas countries, leading in many cases to manufacturing jobs' – once considered a major foundation of the U.S. economy – being relocated to countries in Asia and other areas where the costs of labor are lower than in the U.S.; and the concurrent reversal of the United States' traditional role of a leading exporter of finished manufactured goods to that of a primary importer of finished manufactured goods (exemplified by massive trade deficits with countries such as China). Hartmann argues that this phenomenon is leading to the erosion of the American middle class, whose survival Hartmann deems critical to the survival of American democracy. This argument is expressed in Hartmann's 2006 book, Screwed: The Undeclared War Against The Middle Class and What We Can Do About It. One of the book's main arguments is that media deregulation leads to corporate media's shifting the American consensus towards the acceptance of privatization and massive corporate profits – which causes the shrinking of the middle class.
Never trust anyone trying to sell you something to be honest, especially when their target audience is hardcore left wingers.
The fact of the matter is in the 30ish years prior to Reagan's 1981 and 1986 tax cuts, there were 7 recessions. In the 29 years after Reagan's tax cuts, there were only 3. Hartmann can whine all he wants, but I would prefer to have fewer recessions.
Here is a link to some good info on wealth redistribution.
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