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struggle4progress

(122,894 posts)
Tue Apr 22, 2025, 08:13 PM Tuesday

On track to be 21st century Herbert Hoover

Steve Liesman, CNBC Senior Economics Reporter joins Nicolle Wallace on Deadline White House with the latest developments on fluctuation of Donald Trump’s economy which got a boost today only because investors felt more confident about Fed Chair Jay Powell’s short term job security and Scott Bessent reportedly admitting that a trade war with China is unsustainable for the United States.

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On track to be 21st century Herbert Hoover (Original Post) struggle4progress Tuesday OP
No one does depressions better than Don Old Hassler Tuesday #1
Hoover may have signed Smoot-Hawley, and soldierant Tuesday #2
He was the wrong president at the wrong time Retrograde Tuesday #4
Highly insulting to Hoover....... lastlib Tuesday #3

Hassler

(4,274 posts)
1. No one does depressions better than Don Old
Tue Apr 22, 2025, 08:53 PM
Tuesday

He delivers depressions the likes of which you would not believe. Very powerful depressions. Bigly depressions. People come up to him with tears in their eyes and say, "Sir you've bankrupted me and the country."

soldierant

(8,422 posts)
2. Hoover may have signed Smoot-Hawley, and
Tue Apr 22, 2025, 09:33 PM
Tuesday

he may have been an economic idiot, but he wasn't a total greedy jerk loke the Mango Monster.

At least the Hoover Tower was built bt people other than himself, nor does it have his name on it

Seriously, I never in my life expected to be defending Hoover - but he didn't deserve to be compared to Trump**.

Retrograde

(11,066 posts)
4. He was the wrong president at the wrong time
Tue Apr 22, 2025, 11:13 PM
Tuesday

unlike Donnie, Hoover was a self-made man (a mining engineer, one of the first graduates of Stanford, where he worked his way through school). His big flaw, IMHO, was that he thought the private sector - millionaires - would provide help for people put out of work by the Depression because that's what he did: he organized relief programs for Europe after WWI and the Soviet Union in the 1920s. In his old age he worked with President Truman to identify waste and inefficiencies in the Federal government (and unlike DOGE, made recommendations that Truman implemented). And in his spare time, he and his wife translated a seminal medieval mining text from Latin to English.

I'm biased, I'll admit, because he used to live in my town.

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