Jim5522 Wrote:
Jun 13, 2012 6:16 AM
Unlike Obama, Hoover was successful? By 1932, the 4th year of his presidency, unemployment had reached 24% ... contrast that to Obama's unemployment going from 7.9 up to 9.9 and now at 8.2 %. Exactly how would you consider Hoover's policies as being successful, if anything, it would explain why he was crushed in 1932! Just as an aside, Spain unemployment rate was 8.3% before the crash in 2008, their government went with an austerity program and their unemployment is now at 24% and has needed a massive bank bailout from the European union ... I'm guessing you must also consider that as a successful economic policy?