[DuncanWaring]

Herbert Hoover failed through no fault of his own. The Crash of 1929 and the Great Depression were beyond his control, and every remedy he tried failed adequately to work.

Perhaps the problem was that with "every remedy he tried", he tried too much.

There was another economic collapse in 1920; President Harding essentially did nothing but cut tax rates, and that depression ended quickly.

[KC Burke]

You are right, Duncan.

Romney can look to Hoover for what not to do. Hoover’s progressive policies were little different from FDR’s crap.

[csmusaret]

Harding’s VP did even more after Harding’s death.....

Coolidge’s taxation policy was that of his Secretary of the Treasury, Andrew Mellon: taxes should be lower and fewer people should have to pay them.[115] Congress agreed, and the taxes were reduced in Coolidge’s term.[115] In addition to these tax cuts, Coolidge proposed reductions in federal expenditures and retiring some of the federal debt.[115] Coolidge’s ideas were shared by the Republicans in Congress, and in 1924 Congress passed the Revenue Act of 1924, which reduced income tax rates and eliminated all income taxation for some two million people.[115] They reduced taxes again by passing the Revenue Acts of 1926 and 1928, all the while continuing to keep spending down so as to reduce the overall federal debt.[116] By 1927, only the richest 2% of taxpayers paid any federal income tax.[116] Although federal spending remained flat during Coolidge’s administration, allowing one-fourth of the federal debt to be retired, state and local governments saw considerable growth, surpassing the federal budget in 1927.[117]

Wikipedia