Cary17 Wrote:
Nov 02, 2012 12:03 PM
and continuing... I have no love at all for Herbert Hoover, who was ideologically (and in particular, economically) on the exact same page as Franklin Roosevelt, and who, by reversing the policies of Harding and Coolidge (who gave us the "roaring 20s"), gave us the Great Depression (which FDR just exacerbated, all phoney claims to the contrary notwithstanding). Harding cut spending by 50%, cut taxes by 40%, and turned the depression of 1920 into an economic boom. Hoover increased taxation and increased spending even more, and gave us the Great Depression. FDR doubled down on Hoover, and even with WWII, we were economically depressed until FDR was out of office.