Hoover revisited

[radfringe]

Herbert Hoover - Hoover and the economy
http://www.experiencefestival.com/a/Herbert_Hoover_-_Presidency/id/1462887

Hoover's stance on the economy was based on volunteerism. From before his entry to the presidency, he was among the greatest proponents of the concept that public-private cooperation was the way to achieve high long-term growth. Hoover feared that too much intervention or coercion on behalf of the government would destroy individuality and self-reliance, which he considered to be important American values. Though he was not averse to taking action which he considered was in the public good - such as regulating radio broadcasting and aviation, he preferred a voluntary, non-government approach.

In June 1931, to deal with a very serious banking collapse in Central Europe that threatened to cause a world-wide financial melt-down, Hoover issued the so-called Hoover Moratorium that called for a one-year halt in reparations payments by Germany to France and in the payment of Allied war debts to the United States. The Hoover Moratorium had the effect of temporarily stopping the banking collapse in Europe. In June 1932, a conference was held in Switzerland that cancelled all reparations payments by Germany.

Hoover's economy was put to the test with the onset of the Great Depression in 1929. It was his vocal stance on non-intervention that led to public perception that he was a laissez-faire, 'do nothing' president, which his supporters deny.**

------------

**The markets will take care of it - sound familar?

==================================

few quotes from Herbert Hoover:

http://thinkexist.com/quotes/herbert_hoover/

“It is just as important that business keep out of government as that government keep out of business”

-----

http://www.brainyquote.com/quotes/authors/h/herbert_hoover.html

Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves.

-----

I'm the only person of distinction who has ever had a depression named for him.

-----

It is a paradox that every dictator has climbed to power on the ladder of free speech. Immediately on attaining power each dictator has suppressed all free speech except his own.

-----

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

-----

Prosperity cannot be restored by raids upon the public Treasury.

-----

When there is a lack of honor in government, the morals of the whole people are poisoned.

-----

When we are sick, we want an uncommon doctor; when we have a construction job to do, we want an uncommon engineer, and when we are at war, we want an uncommon general. It is only when we get into politics that we are satisfied with the common man.

[opihimoimoi]

1. Commonality for Leadership positions is where we fail big time. we tried 2x and got this

crap of bailouts costing trillions....

Have a beer with Bush my ASS