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To: ConservativeDude

One of the most brilliant and successful presidents Coolidge, thought Hoover a moron. Later his vice president proved him right


7 posted on 08/11/2019 6:07:35 AM PDT by datricker (Cut Taxes Repeal ACA Deport DACA - Americans First, Build the Wall, Lock her up MAGA!)
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To: datricker
One of the most brilliant and successful presidents Coolidge, thought Hoover a moron. Later his vice president proved him right.
Hoover’s responses to the Depression were mimicked by FDR - even as FDR heaped calumny on Hoover for fouling up the economy so bad that nobody could fix it.

That wasn’t true, but what was true was that FDR, following and building on Hoover’s example, couldn’t fix it. Hoover was culpable for not having the patience to let the economy correct itself; FDR for doubling down on what had not worked.

What did stop the Depression was WWII. Not Pearl Harbor, but the invasion of Poland and the start of British purchases of war materiel from America. Initially Britain burned through its own financial reserves, and later FDR instituted Lend-Lease. But starting with the Fall of France, war materiel production was the priority of the US economy, and that opened the spigots of jobs and employment.


31 posted on 08/11/2019 10:22:18 AM PDT by conservatism_IS_compassion (Socialism is cynicism directed towards society and - correspondingly - naivete towards government.)
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To: datricker

not sure I follow that


41 posted on 08/12/2019 6:15:28 AM PDT by ConservativeDude
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