Wiil the GOP make a comeback in 2010? If it does, the US economy will be in worse dire straits than ever. The GOP one trick pony, Tax Cuts, won't work, because the US has a historic imbalance of wealth of income that is even worse than before the Great Depression.
Many businessmen have finally realized that top tier tax cuts aren't useful when a business has few customers. It's the middle class that drives the economy, not the affluent. Many conservatives think that giving the affluent more will fix the economy.
The problem is there is no more to give the wealthy. The middle class is on it knees.
Giving the middle class more will fix the economy and that was what FDR did during the Great Depression with a 90 per cent tax rate on the affluent. The Great Depression started in 1929 and some historian say is t did not end until after World War 2. Other historians say it ended in 1942 or when World War 2 started.
A redistribution of wealth from the upper class to lower classes, and government spending due largely to the build up for World War two were the main reasons for the ending the great depression.
When the war ended, the nation was rebuilt with a thriving middle calls.
The US Gini coefficient is 46.69 which is higher than it was before the Great Depression. Anything above .40 is considered dangerous and social instability may result.
The Bush tax cuts not only need to be allowed to expire, federal income tax on top income earners should be raised.
See http://wiki.answers.com/Q/How_did_people_end_the_great_depression
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