He did all he could. The irony is that he did it thinking he was being a good solid "Republican" business man.
1 - He believed that the reason "prices were too low" for farmers to make a living was that there were too many crops and amimals on the market.
2 - He believed that to increase prices for the farmers you pay them "not" to grow crops and animals.
3 - He believed that the reason farmers and businesses went broke was because they had to pay too high interest on loans. So he and congress raised laws that forced low interest rate loans.
4 - He thought that american farmers were getting screwed because of cheap foreign competition.
5 - He fully backed the Smoot-Hawley-Hoover tariff act, which put tariffs of about 50% on most imported goods and materials.
And on and on.
Then came Roosevelt. He thought Hoover was a genius. He expanded on every one of his endeavours. And the economy got worse... and worse... and worse. Until war happened. Then all reporting was silenced under the "War Powers Act". This makes sense. You don't want to tell the enemy what your coffers are doing. Except if you are a modern day dem... errrr... but that's another thread. (see Dems Demand We Announce Our Exit Strategy)
What would history do to these two fools had there not been the second war?
At the end of the second war, virtually all "consumer indexes" were unchanged from the worst levels of the "great depression". So why is this important?
Well. Consumer indexes of cost, demand and supply are what determines if a state is in a "recession, depression etc".
Then Truman, Eisenhour and the post war congress reduced the role of government from 90 billion to 30 billion per year and watch out! From 1945 to 1948, not only did the US economy recover and prosper but also layed the course of recovery in Japan and Europe through "gifting."
Remember the last time the US congress "cut taxes"? And all the dems saying we would ruin the world? Guess what? We are at our strongest levels ever. Can this possibly be? Capitalism really works? Well. I'll be damned.
besides, how can you see this time period as one of the strongest
ever? With GM in deep doo doo, the internet in serious trouble from
foreign attacks, the long haul fiber sector dead in the water, fishing
down the tubes, overfishing ruining whole sectors of that economy.
Where is this strong economy coming from? I know about one sector,
the fiber optic world, in the year 2000 it dropped like a brick, our
startup was gearing up to make optical amplifiers integrated with
other optical components but we got drop-kicked about 5 years out
and wondering if the optic sector will ever really recover. We had
to do an about face and now were into other ventures, forget our
original goal, its out of reach.
Originally posted by sonhousehalf a years income is hardly big time debt. See the total US economy. Most people carry a bigger debt load than half a years earnings.
Don't you see maybe just a teeny problem with an 8 Trillion dollar
national debt? Every american owes 26,000 or more just to pay back
foreign banks, you see that as ok?
I used to worry about it until I learned how little a guy who makes 50 grand a year contributes to the economy. Not much. So you are wrong about each of our shares. Figure what part your tax each year is to the 13? trillion dollar income of the government. Compute this ratio as "your" share. Mine comes to about 75 dollars, I would guess.
Originally posted by StarValleyWywell sure its only a half year now, how long will it be before its
half a years income is hardly big time debt. See the total US economy. Most people carry a bigger debt load than half a years earnings.
I used to worry about it until I learned how little a guy who makes 50 grand a year contributes to the economy. Not much. So you are wrong about each of our shares. Figure what part your tax each year is to the 13? t ...[text shortened]... government. Compute this ratio as "your" share. Mine comes to about 75 dollars, I would guess.
a full year, 13, 14 trill? How will the bush family buy the next
election if they have to put us so far into debt. It might even
get another Dem elected🙂
It doesn't even seem to matter who gets elected, the dems block the
rebs when the rebs are in power and the rebs fight the dems tooth
and nail when THEY are in power. What in the hell ever actually gets
done but fighting? how much could be acomplished if they didn't
consider it a battle all the time? Who is at fault for that anyway?
maybe ultimately us? for electing idiots? Not singling out just rebs here
but both sides of the isle. I think they should all be kicked the hell back and gone and a new bunch not beholden to anyone be put in
power but thats a pipe dream too. Politicians have one thing and one
thing only one their collective so-called minds: Extending their power.
End of story. Put on some stupid face to make people believe they
are actually "for" the people but in actuality, they are in the back
rooms making deals with despots and dictators for the spoils of
slavery, dems, rebs, whigs, tories, whatever you want to call them.
Originally posted by sonhouseOh... try 1973,,, Back then the national debt was about 2 years of our GDP. We have come a long way from those days. Much to the chagrin of the dooms-dayers who run around yelling about the sky fallin' while never quite managing to tell us they are in the 'armored umbrella' business.
well sure its only a half year now, how long will it be before its
a full year, 13, 14 trill? How will the bush family buy the next
election if they have to put us so far into debt. It might even
get another Dem elected🙂
It doesn't ...[text shortened]... very, dems, rebs, whigs, tories, whatever you want to call them.
As to whose fault it is for electing Dems... it's all the people who keep voting for them! Yuck! 😉😀