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To: fieldmarshaldj
Had it not been for the federal government (Hoover and FDR), the Great Depression would be known as The Panic of 1929.
334 posted on 02/17/2009 5:35:05 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: okie01

I was actually surprised awhile ago when I found out how activist Hoover was (which, as you pointed out, FDR built upon). I rather wish Calvin Coolidge had run again in ‘28. He was the last great Conservative President we had (as good as Reagan was, he was never able to shrink the fed gov’t as it badly needed to be) and he’d have never embarked on an activist course. And as I said, we’ve never recovered from this big government obsession. We’d not have a fraction of the problems today had we just left things alone at the time. It’s funny when we all say today we don’t want a Socialist government. But we’ve HAD one for close to 80 years.


336 posted on 02/17/2009 5:45:09 PM PST by fieldmarshaldj (~"This is what happens when you find a stranger in the Alps !"~~)
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To: okie01

Makes sense, what’s so different about the depression that sets it apart from past recessions, the government response is what was different.


388 posted on 02/18/2009 1:43:32 PM PST by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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