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jamesfirecat2/11/2010 9:00:55 am PST

re: #518 subsailor68

Umm, I think you may be a bit confused about Hoover. Far from letting the market correct naturally, he actually began the government intervention that was later accelerated by Roosevelt. (Smoot-Hawley, directing business to keep wages artificially high, etc.)

He spent three years doing nothing before he finally realized it wasn’t working and started to increase government spending.

Yes I am being a bit unfair to him because nobody had ever seen anything like the Great Depression before so how was he to know what to do?

I do however have little patience for the people who refuse to learn from Hover’s mistakes.