I some what agree, Hover was NO Conservative and he aggravated it by pushing high tariffs which other countries retaliated and international commerce just about came to a stop.<quoted text>
Run of the mill Depression?
Are you serious?
Let's look at the numbers.
Under President Hoover's administration between 1929 to 1933, the unemployment rate rose from 3.2% in 1929 to 23.6% by the end of 1932.
During the same period (1929-1932) GNP (Gross National Product) which is the market value of all products and services produced in one year FELL THIRTY ONE PERCENT.
As such, FDR in 1933 inherited an economy when the unemployment was at 23.6% and the GNP lost 31% of its value in four years.
Therefore, FDR didn't inhert a "run of mill" depression, but a Depression that started under a Republican President and it grew worse for the THREE YEARS before FDR became President in 1933.
Can you enlight us with more of your brilliant analysis of the Great Depression?
But when FDR he did not concentrated on fixing the economic forces but on his progressive agenda some of which, like the NRA, was ruled Unconstitutional. The result was a double dip depression in 1938.
If a Conservative like Coolidge had been president, we probably would have been in full recovery by 1936 but because of FDR we had a recession in the middle of the depression in 1938.
Between 1940 and 1945 the economy was propped up artificially by the war effort. In 1946 we had a recession but quickly recovered and did not reenter the Depression. Only then we we out of the Great Depression.
Now, Coolidge was a little to Laissez-faire and Hoover was to much of a protectionist. If they were both in the middle, we probably would not had the Roaring Twenties were the economy overheated and then crashed. But, again, LDR made no attempt to stimulate the economy and pushed his progressive agenda which stalled recovery. And Obama has done the same damn thing.