Tuesday, December 9, 2014

My All-Time Least Favorite Peace-Time President?

Oh, this is an easy one, folks; Herbert Hoover. I mean, the guy did literally everything wrong (in the months and years after the stock market crashed); increasing federal spending by 49% over three years, increasing the top marginal tax rate by 152%, signing into law one of the most onerous tariffs in U.S. history, instituting wage/price controls (yes, they were voluntary but most businesses and corporations adhered to them), spearheading the Reconstruction Finance Corporation (which ultimately morphed into a bailout entity), signing into law the moronic Davis-Bacon Act (yet another method toward wage-controls), etc., etc. - he, of the "beneficent hand".


Rational Nation USA said...

Herbert Hoover was FDR's brother ftom a different mother? Is that what your saying Will?

Will "take no prisoners" Hart said...

Bingo!! "We didn’t admit it at the time, but practically the whole New Deal was extrapolated from programs Hoover started." Rexford Tugwell