[Non-Sequitur]

Hoover did not “do nothing for four years,” as the Democrats have contended ever since (remember the phrase “George Herbert Hoover Bush” from 1992?). Unfortunately, many of the actions he took, such as raising taxes and tariffs and trying to keep wages high in the face of a deflation of the currency only made matters worse.

And 4 more years of Hoover would have been better?

[Fiji Hill]

I believe that four more years of Hoover would have, indeed, been better. Hoover at least felt bound by the Constitution, so he probably would not have pushed for such boondoggles as the National Recovery Administration (NRA) regulations on business, which strangled the economy until the Supreme Court declared them unconstitutional.

In any case, I doubt that Hoover could have done much worse than FDR. By 1940, seven years into his presidency, the unemployment rate was still in double digits, while the Dow Jones Industrial average was half of what it was just before the stock market crash of 1929.

[kylaka]

Read the book “FDR’s Folly” if you really want to know how bad FDR’s administration was, and how his policies actually made a 3 year recession into a 12 year depression. Be sure to thank ole Franklin when you get your first Social Security check and find it won’t even cover one months property tax.