United Liberty
Herbert Hoover
Bush = Hoover 2.0, Part 2 - “Hoover’s Socialism”
Sun, 10/05/2008 - 7:18pm | posted by Austin Wilkes
But not because of the reasons you may believe
Part I - “The False Claims” - Can be found HERE
Labor Market Intervention
Within a month of the peak of the stock market in September 1929, President Hoover began a campaign of coordination between industry and government that is still seen today. He was under the belief that falling wages would exacerbate the coming recession and that they must be held steady in order to preserve purchasing power.
Barack Hoover Obama
Tue, 09/15/2009 - 11:44am | posted by Doug Mataconis
Barack Obama seems to be on the verge of committing one of the gravest mistakes of the 31st President of the United States:
President Obama traveled to Wall Street yesterday to press his case for more financial regulation, but the bigger economic issue of the day concerned other White House policies. To wit, what does it mean for the world economy if America now has its first protectionist President since Herbert Hoover?
The smell of trade war is suddenly in the air. Mr. Obama slapped a 35% tariff on Chinese tires Friday night, and China responded on the weekend by threatening to retaliate against U.S. chickens and auto parts. That followed French President Nicolas Sarkozy’s demand on Thursday that Europe impose a carbon tariff on imports from countries that don’t follow its cap-and-trade diktats. “We need to impose a carbon tax at [Europe’s] border. I will lead that battle,” he said.
Mr. Sarkozy was following U.S. Energy Secretary Steven Chu, who has endorsed a carbon tax on imports, and the U.S. House of Representatives, which passed a carbon tariff as part of its cap-and-tax bill. This in turn followed the “Buy American” provisions of the stimulus, which has incensed much of Canada; Congress’s bill to ban Mexican trucks from U.S. roads in direct violation of Nafta, prompting Mexico to retaliate against U.S. farm and kitchen goods; and the must-make-cars-in-America provisions of the auto bailouts. Meanwhile, U.S. trade pacts with Colombia, Panama and South Korea languish in Congress.
Bush = Hoover 2.0, Part 3 - “Bush’s Parallels to Hoover”
Tue, 10/07/2008 - 5:37am | posted by Austin Wilkes
Bush = Hoover 2.0, Part 1 - “The False Claims”
Sun, 10/05/2008 - 5:14pm | posted by Austin Wilkes
But not because of the reasons you may believe
Many supporters of free and open markets have for years sounded the alarm about the impending doom and inevitable collapse of the financial markets due to the fiscal and monetary policies beign pursued by the Congress, the White House, and most importantly the Federal Reserve.
On the other hand, many similarly minded individuals rode the wave of capitalism on its way up, while ignoring the unsound basis for which the wave was formed. It is the latter that gives anti-freedom interests of all types the ammunition they need to spread the false assertion that lack of regulation on private industry is the root cause of this credit crisis.
