Reagan & Bush = Hoover

[DaveSZ]

"Trickle down"

Sound familar? ;)

http://iws.ccccd.edu/kwilkison/Online1302home/20th%20Century/DepressionNewDeal.html

The Great Depression and New Deal, 1929-1940s


The Government's Response: Hoover

President Herbert Hoover resisted calls for government intervention on behalf of individuals. He reiterated his belief that if left alone the economy would right itself and argued that direct government assistance to individuals would weaken the moral fiber of the American people. Hoover further believed that during hard times the government should adopt austerity measures, that is, cut spending even further. Forced by Congress to intervene, Hoover did so reluctantly, concerned about both unbalancing the federal budget, and, even more importantly, violating his laissez-faire principles. Hoover's efforts consisted of spending to stabilize the business community, believing that returning prosperity would eventually "trickle down" to the poor majority. The poor majority proved unwilling to wait. Branded by his many detractors as cold and uncaring, Hoover was easily defeated in the presidential election of 1932 by Democrat Franklin D. Roosevelt.

[AndyTiedye]

1. Bush* IS The Second Coming - Of Herbert Hoover

[RobertSeattle]

2. I used to have as my DU signature

B - Budget Deficits
U - Unemployment
S - Shameless Use of Military
H - Hoover All Over Again