A quarterly magazine of urban affairs, published by the Manhattan Institute, edited by Brian C. Anderson.
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What Silent Cal Could Tell Romney « Back to Story
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"Economic growth would average 7 percent a year over the course of Coolidge’s first full term."
The economic growth rate never approached this figure. Real GDP per capita grew at an annualized rate of 2.11% between 1925 and 1929 (Coolidge's first full term) and by 1.88% from 1923 to 1929 (his entire presidency).
Furthermore, by the measurements of the NBER the economy was in recession more than a third of the time Coolidge was president.
You don’t have to buy all of Jonah Goldberg’s thoughts in his 2007 “Liberal Fascism” to realize that from the get-go 110 or so years ago, American Progressives had no interest in “common sense” because they had no confidence whatsoever in the competence of ‘the masses’ (formerly known as The People) to govern themselves or govern their government; knowledgeable and disinterested and benevolent elites would flock to Washington, advise the government, and the government would trail-boss the National Herd (formerly The People) into the glorious Modern New-Model Future.
(Remarkably, it was only after half-a-century that a pithy phrase would be introduced to crystallize all of this dreck: the vast majority of Americans “just don’t get it” – but irony is lost on the revolutionary mind.)
Both macho Republican Teddy Roosevelt and preachy-studious Woodrow Wilson bought the Progressive vision of government’s role completely.
Harding’s ‘return to normalcy’ – in Goldberg’s estimation – meant a return to some sense of traditional political balance and a cooling-down of the superheated crisis-after-crisis mentality necessary to Progressivism.
Coolidge, in my opinion, was common-sensically aware that if we didn’t conduct successful business, then there wouldn’t be a sustainable economy and with no cash America would not be able to remain a viable proposition and would fall out of the sky like a plane that had run out of fuel in mid-air. And he didn’t trust statist and centralized government uber-authority in any realm of the nation’s life – all of which made his approach anathema to statist and centralized Progressives in both Parties.
There are many Americans alive today who may well live to see that he was right.
Silent Cal also said, "Press On ... persistence and determination are omnipotent".
Press On Mitt.
I have always admired Cal. I have an older biography of the man, and he was full of surprises for a reserved New Englander.
Most memorably, he opened his own White House front door.
None since are like Cal. Calm, aloof, and is a man of few words. Not bad traits in a president.