
February 5th, 2003, 10:45 PM
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Shrapnel Fanatic
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Join Date: Jul 2001
Location: Southern CA, USA
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Re: OT: Rating the President
Quote:
Originally posted by rextorres:
Herbert Hoover didn't do anything during the depression, because governments role was to "stay out of the way" and he's blamed for making the depression worse.
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FDR, who did a lot during the depression, did not make the economy better in any way. In fact, before WWII began, the economy was getting steadily worse. WWII is the only thing that saved the country from the Great Depression. So, Hoover didn't throw money away and massively inflate the national debt, and the economy didn't get better. FDR threw tons of money away and vastly inflated the national debt, and the economy did not get any better. Looks like Hoover's plan was better to me, because at least the national debt was not increased and money wasn't wasted.
People that blame Hoover for making the Depression worse need to take some basic history and economics classes again to learn how they are dead wrong.
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