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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (65611)	4/9/2018 1:49:05 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 364768

<<<<Wanna guess which one that was?>>> Cuba?

To: combjelly who wrote (65611)	4/9/2018 3:05:32 PM
From: i-node	Read Replies (1) \| Respond to of 364768

A>>Because Hoover's approach to the crisis is exactly what i-node says should be done, which is hands off and let the economy improve on its own. I never said that. Provide a link. What I have said is that we would have been better off without Obama’s counterproductive intervention. And I have said that standing back throwing money is the worst thing you can do which, as we’ve discussed, the architect of the FDR response flatly stated was a mistake. It is important to do the right thing, not just do s9mething, quick.

To: combjelly who wrote (65611)	4/9/2018 5:16:37 PM
From: TimF	Read Replies (1) \| Respond to of 364768

Hoover's approach was not hands off. He intervened more than any president before him He signed Smoot-Hawley, he dramatically increased taxes (top tax rate went from 25 to 63%, doubled the inheritance tax and increased corporate tax rate), and spending. He pressured companies to keep wages up in a deflationary environment. Created the National Credit Corporation and when that didn't work the Reconstruction Finance Corporation. He greatly increased public works spending. He signed in to law the Norris-La Guardia Anti-injunction Act to boost the power of organized labor. He was an interventionist. Roosevelt even campaigned against his deficits and some of his interventions.