Now that we can admit Hoover did more than any president before him in fighting off an economic recession, what should we conclude from this… The first time the Federal Government significantly intervenes to stop an economic downturn just happens to be at the beginning of the worst depression in American history, thus proving the government didn’t do enough?
Kevin Baker's archives
If Only Barack “Hoover” Obama was Barack “Harding” Obama
Posted by Andrew in August 3rd 2009
under: Deficits, Dollar, Dubiously Free Trade, Federal Reserve, Live and Learn, Taxes, Treasury, Trust
Tags: Andrew Mellon, Barack Obama, Black Tuesday, broken-window fallacy, Cato Institute, Depression of 1920, Federal Reserve, financial crisis, Franklin Roosevelt, Great Depression, Harper's Magazine, Henry Hazlitt, Herbert Hoover, Jim Powell, John Garner, Kevin Baker, New Deal, Paul Krugman, Reconstruction Finance Corporation, Roaring Twenties, Smoot-Hawley Tariff, Stephen Colbert, stimulus package, Taxes, Theodore Roosevelt, Warren Harding, Woodrow Wilson
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