Conservative abroad Wrote:
Nov 16, 2012 1:37 AM
Hoover and Bush where both Big Government Republicans. The problem we are having now is the same one they had in 1932, they elected a Bigger Government Democrat to make things worse. The cure for the economy is shown in the response to the 1920-21 recession. The economy contracted, unemployment rose to over 11% and Harding REDUCED government spending against the advice of his Commerce Secretary HOOVER. By 1923, unemployment was down to 2.4% and we had the Roaring 20's. The contraction in 1929 was caused by the Fed loosening money supply causing a stock market bubble.