The Republicans controlled the federal government from 1921 to 1933. During that time, there was no financial regulation and very low taxes. This brought us the Great Depression.
In 1981, Ronald Reagan took office and reduced taxes and deregulated business. As a result, he tripled the national debt and destroyed the savings and loan industry.
George W. Bush took office in 2001 and cut taxes and deregulated business. He doubled the national debt and led us into the Great Recession of 2008.
Now, all of the Republican presidential candidates are promising to lower taxes and deregulate business. Are they all suffering from amnesia or has the Republican Party declared war on the U.S. economy?
Michael V. DeLollis, Fresno