“Those who cannot remember the past are condemned to repeat it” is a famous quote of George Santayana, a poet, essayist, philosopher and novelist. It seems to be where we are in our country currently.
Too many of our citizens never learned our history, others neglected to read and think seriously about what has occurred in our past and some conveniently “forget.”
One needs only study what happened in the 1920s in our country. Scandals in an administration, reduced taxation and regulation, a focus on business and stock markets, a large and growing inequality of wealth, rising nationalism featured by a robust KKK and a disastrous decade for farmers made worse by ill-conceived tariffs on trade. Some of you might remember how that turned out.
Yet we continue to experiment with the worst of these policies and forces, which lead to disastrous business cycles. Need I remind you of the farm crisis of the 1980s, the savings and loan debacle of the same decade, the dot com bubble of the late 1990s and the Great Recession of 2008? All characterized by the same tired conservative economic policies designed to concentrate wealth and power in the hands of a few.
A quick question for farmers. When in the last 100 years have farmers ever had good economic times under a Republican administration or congress?