Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.
Here, indeed, was his one really notable talent. He slept more than any other President, whether by day or by night ... Nero fiddled, but Coolidge only snored ... He had no ideas, and he was not a nuisance.
He slept more than any other president, whether by day or by night. Nero fiddled, but Coolidge only snored.
Coolidge cut the budget, and even better, cut it during peace and prosperity. He left a federal budget lower than the one that greeted him when he arrived in office. He managed to freeze or cut the budget over more than five years in office. If you look at charts of presidents - Nixon, Ike, and Reagan - you see them failing on this score.
Keep cool with Coolidge.
Coolidge has the best idea on this farm relief. He said, 'Farmers, you are in a hole. I can't help you, but I will get in with you.' He did. That made it fine so the farmers were satisfied as long as Coolidge was going to get in with them.
Coolidge and his treasury secretary Mellon loved new technology. Like JFK, C.C. divined that a new technology could lift the nation out of its doldrums; the only difference was that JFK's new technology was space travel, and Coolidge's travel by airplane.
If Coolidge were a stock, he'd be a buy. The experts have historically ranked Coolidge in the bottom quartile or bottom half of all presidents. But his economic performance and his statesmanship suggest Coolidge belongs in the top quarter of presidents. The disparity between the Coolidge price and Coolidge value is huge. So revision is warranted.
I think the Bushes would have liked President Coolidge, though I often wonder what nickname 43 would pick for 30. President Bush has great respect for his father, and so did President Coolidge, whose father was also in government, albeit in a smaller way.
Congress knew Coolidge would veto the farm bill. There was more politics than relief in that bill.
As between Mr. Davis [the Democratic nominee] and President Coolidge, it is hard to discern much difference. Essentially the Democratic and Republican nominees for the presidency stand for the same thing.
Coolidge was a pragmatist. He didn't start out with a tax theory. But he observed over time that lower tax rates sometimes brought in extra revenue. The success of his and Treasury Secretary Andrew Mellon's experiment with rate cuts has been obscured by our modern history books.
In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
