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  • Bachmann: Partying like it’s 1929 - Hotair

    01/31/2009 8:06:31 AM PST · by wingsof liberty · 6 replies · 376+ views
    posted at 11:37 am on January 30, 2009 by Ed Morrissey Rep. Michele Bachmann explains to her Minnesota constituents about the historical failures of massive government spending, asking why the Obama administration wants to party like it’s 1929. She points out that both Herbert Hoover and FDR tried the same kind of so-called “stimulus” spending and it led to unprecedented debt and government bureaucracy. Even FDR’s Treasury Secretary admitted it was a failure: The stock market collapse of 1929 brought a crashing halt to the Roaring Twenties. But President Herbert Hoover’s response to the economic crisis ensured that it became...