Quote:
Originally Posted by dippin
How "Hooverian" of you.
Now, how is Obama being so smart related to being the new Herbert Hoover?
Personally I think that the stimulus package was too small. That would certainly make him a bit like Hoover. I just have a hard time understanding the sense that you would find him to be like Hoover. Is it just the coincidence that he is also presiding during a recession? Or do you really think that Obama should be doing more of the things that are commonly associated with FDR, like a stronger devaluation of the currency, more spending, and more regulations?
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The "hard time" you have with me has nothing to do with the question. How do you respond to the question, and why? Please, stop making every post I make something that it is not. I will always clearly explain my views and respond to questions.
My feeling is that Obama is trying to micro-manage the economy in a manner similar (although the specific issues are different), to Hoover. Hoover thought what he was doing would work, so does Obama. Hoover felt that government actions in the areas he felt were important would trigger economic activity or improve conditions, so does Obama. Hoover was President during poor economic conditions, so is Obama, Hoover made things worse, will Obama? That is the question in my mind, that is the question I seek input from others on. I am open to what others have to say on the issue, primarily because of the psychological impact perceptions have on the economy. I want to understand why the market responds the way it does, for that I need to understand how others see things.