This will work great! I mean, it worked so well the first time, right? Like when President Hoover raised taxes in the teeth of an economic downturn, helping the economy to tank and stay in the tank for 15 or so years.
Oooh! Speaker Pelosi! After you do this, why not increase or create new massive government financed welfare programs? You know, just like the New Deal. Remember? It’s the massive socialist experiment that is mostly responsible for the current crushing debt burden of the United States and the credit crunch? You don’t recall? OK. Go right ahead, then.
History. Repeating. Never mind. ‘Puter feels like Cassandra.
Quoth ‘Puter’s make-believe girlfriend Megan McArdle, the only thing we know that ends a Depression is a massive global war (that we win).
‘Puter hopes a less extreme solution is possible.