Unfortunately, it’s already started. Bush and Obama channeled and mirrored Hoover and FDR. The results are eerily similar- economic decline, disaster, and tragedy for average everyday American families. Blow by blow, Bush and Obama have had the same reactions to a deep recession as Hoover and FDR. And in both cases, a recession was turned into a long-term Great Depression through government "help."
The honest truth of Hoover & FDR has never been taught to us, or our children, by ultra-liberal teacher’s union clones. What is taught in our failing, dumbed-down, public schools is that FDR “saved” America from the Great Depression. The reality is that big government intrusion and intervention by both Hoover and FDR caused the Great Depression.
Obama’s plans to channel FDR and get government even more involved will create a similar tragedy for America. If you don't believe me, see the August unemployment report.
Those who don’t study or understand history are doomed to repeat the same mistakes.
Obama is Exhibit A. He doesn’t understand, or refuses to accept, there was no Great Depression I or II until government got involved to “save” us. It’s no coincidence that every time government comes to help or save us, it turns into a disaster. As Ronald Reagan famously quipped, “The 9 worst words in the English language are - I’m from the government and I’m here to help.”
The stock market crashed in 1929. The natural business cycle is boom and bust. There is no reason for politicians to panic and over-react (but they always do). More importantly, there is no reason for politicians to get involved at all. The less they do, the better.