Author Archives: Dr Snyder

George H. W. Bush inherited a robust economy from Reagan. He even pledged, “Read my lips: no new taxes.” If only he had stayed faithful to that pledge. He did reject new taxes from a Democratic Congress a number of times, but as part of a budget deal in 1990, he allowed some taxes to be raised. That angered his conservative base, a base he would need in the next election. In early 1991, after the success of the Gulf War, Bush’s approval rating was… Read more »

The 1970s were dark years in many ways, and one cannot blame all the economic woes on one individual. OPEC kept increasing oil prices, which was a major headache for everyone. Yet presidential leadership can make a difference. That leadership was not forthcoming, however. At the beginning of the decade, we had Watergate and the Nixon resignation, followed by Ford, who failed to inspire. Both were Republicans; the economy was not strong. When Jimmy Carter took office in 1977, it… Read more »

FDR changed the way Americans thought about the role of government by using government as the supplier of needs in a time of crisis. Lyndon Johnson, in the 1960s, took that concept a step further; one might refer to his “Great Society” program as the New Deal on steroids. The philosophy of the Great Society was a shift from helping in a time of need to helping all the time. Whereas the New Deal was conceived as a temporary measure… Read more »

In the midst of the current economic jitters, I have heard more than one commentator assert that when economic times are rough, voters tend to gravitate toward the Democrats. Why on earth would that be? I want to provide a little history lesson on how Democrats have handled the economy over the past 70-plus years. Let’s start with Franklin D. Roosevelt. The Great Depression hit America in 1929. Voters turned out the Republicans and looked to FDR to reverse the… Read more »

This past week marked the 221st anniversary of the writing of the Constitution. From May to September 1787, delegates from all states except Rhode Island labored over the intricacies of what makes government work. They did this in a room with the windows closed even on the hottest days to ensure that their deliberations did not leak to the public. They took a vow of silence, so to speak, in order that they might be able to discuss freely without… Read more »