Hope is for people who can’t see the Truth. The Mickey Mouse It All Started With A Mouse Shirt tax plan is based “on hope” that by giving tax break goodies to corporations and the wealthy there will be an economic boom, growth, and workers wage increases. The GOP trickle-down economic theory didn’t work for former President George W. Bush who created 3 million jobs in 8 years. He lost 6 million jobs and he added $6 trillion dollars to the national debt, and it is unlikely to succeed for President Trump’s trickle-down version 2.0.
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And the Great Recession that followed. Economic performance during the period was adversely affected by two recessions, in 2001 and 2007-2009. 3 million jobs were created during his two terms in office. However; he lost 6 million jobs and added $6 trillion dollars to the national debt.
There were hundreds of Hoovervilles across the country during the 1930s and hundreds of thousands of people lived in these slums. The economic policy of the President George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007-2008.
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A “Hooverville” was a shanty town built during the Great Depression by the homeless in the United States of America. They were named after Herbert Hoover, who was President of the United States of America during the onset of the Depression and was widely blamed for it. The term was coined by Charles Michelson, publicity chief of the Democratic National Committee.
The depression started in the United States after a major fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). 15 million Americans were unemployed and nearly half the country’s banks had failed.
The Great Depression was a severe worldwide economic depression that took place mostly during the Mickey Mouse It All Started With A Mouse Shirt, originating in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until 1941. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world’s economy can decline.