稅率的提高:在大蕭條時期，羅斯福大幅提高了所得稅和消費稅。 1935年，在羅斯福的推動下，邊際稅率達到79%。這個比率是由更少的人支付，但成千上萬的美國人實際上是在50%的範圍內(Eichengreen & O ‘rourke, 2010)。企業家們不得不拿出超過一半的收入作為稅收。大多數企業家開始謹慎地把錢用於投資。他們開始越來越多地投資免稅債券、藝術品收藏和外國銀行，而不是用於商業支出。在創造就業機會方面投入的資金很少，因此失業仍在繼續。同樣的事情也發生在奧巴馬時代。他在酒類、香煙、機票和軟飲料等產品上花了更多的錢。他想確保布什總統頒布的減稅政策到期。為了實施同樣的政策，他提高了資本利得稅、所得稅和遺產稅。
Rise in the tax rates: During the time of great depression, Roosevelt had increased both income taxes and the excise taxes by a large amount. In 1935, with the push of FDR, the marginal tax rate reached at 79 percent. That rate was paid by fewer people, but thousands of American people were actually in the 50 percent bracket (Eichengreen & O’rourke, 2010). The entrepreneurs had to give more than half of the income as taxes. Most of the entrepreneurs started to use their money in a cautious manner for the purpose of investment. Rather than spending for the business, they began to invest more and more in Tax exempt bonds, art collections and the foreign banks. Little amount had been spent in creating of jobs, so the unemployment continued. The same thing was observed during the times of Obama. He spent more money on the products such as liquor, cigarettes, plane tickets and soft drinks. He wanted to make sure that the tax cuts enacted by President Bush should get expired. To implement the same, he increased the capital gains tax, the income tax and the estate tax.
The hike in the taxes led to the large amount of spending. Because of the hike in the taxes, there was a large increase in the rate of spending. Scapegoats: The sequence of the massive spending by the federal bank was intensified with the lack of the recovery of the same and the tax hikes. In order to curb the same, President Roostvelt sought scapegoats in order to give the explanation of his failure. He called Wall Street Bankers and blamed them for causing the great depression. He had also blamed some of the top businessmen for causing great depression as they were refusing to invest. This plan was also followed by Obama who attacked the Wall Street Bankers and many other corporate leaders. He condemned all those who raised these banks. He also condemned the huge profits earnings companies including the oil companies and the health insurance companies. Both of these presidents believed that with the increase in the envy and the resentment towards some of the Americans, they can easily capture the vote banks and win in the re-elections.