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Fractal

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Mosh2/11/2010 9:03:33 am PST

re: #533 jamesfirecat

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.

Hoover’s mistake was raising taxes, tariffs, and spending. Hoover allocated millions out of the private sector to create jobs with government money.

Using taxation and spending to create jobs is like trying to fill a swimming pool by taking water out of the deep end.