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To: aquila48
Phillip Dennis, the tea party guy kicked Matthews’s sorry ass!

The only regret I have is that Mr. Dennis wasn't historically knowledgeable enough to CORRECT Chris Matthew's assertion Herbert Hoover did nothing after the 1929 stock market crash.

Hoover INTERFERED with a lot of things. He RAISED TAXES and also signed the PROTECTIONIST Smoot-Hawley Act among other things. Amity Shlaes' fantastic book -- THE FORGOTTEN MAN actually detailed all the market interfering policies Hoover did.
8 posted on 10/18/2009 2:06:49 PM PDT by SeekAndFind (wH)
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To: SeekAndFind

There is a big disconnect between what historians think about the Great Depression/New Deal and actual economists.

Hoover raised taxes, and more importantly, didn’t try to stop bank failures. Bank failures and deflation was the root cause of the Great Depression.

World War II did NOT end the Great Depression. During World War II, people were issued North Korean-style rationing books. The economy did not truly return to normal until President Eisenhower stared privatizing businesses.

The facts are on our side. Get educated in case you ever end up on national television.


10 posted on 10/18/2009 2:10:37 PM PDT by ksm1
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