Word: hooverism
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...Herbert Hoover and Harry S. Truman, on the other hand, are examples of the second model--"ambition to rise above modest origins," Brinkley says...
...Really not looking forward to trick-or-treating this year b) Choosing fabrics for the 2001 Jorg for Men collection c) The J. Edgar Hoover of Austria d) Trying anything to encourage trade with Japan...
...resulted in an unprecedented series of peacetime shortages. It is difficult to fathom such apparent ignorance of market economics from a man whose IQ scores were above the 97th percentile. In fact, to find a president of comparable mental stature, one must go all the way back to Herbert Hoover...
...Hoover is an interesting case because there are a number of important parallels to Gore. A man of science and technology, Hoover was known in his time as the "Great Engineer," both for his entrepreneurial successes in the extraction business and his progressive commitment to "social engineering." He assumed the presidency at a time when economists spoke of a "new era" from which recessions had been banished. The federal reserve was held in high esteem. The stock market was robust. Unfortunately, his extra-presidential talents notwithstanding, Hoover's one term administration proved astoundingly incompetent. Ever the tinkerer, when the Crash...
...Hoover's mistakes should be noted by those who take today's prosperity for granted. Today, Gore pledges to raise wages above market levels through a host of pro-union legislation aimed at temp agencies, low productivity nations and the working poor. What is more disturbing, Gore refuses to foreswear the option of raising taxes if there is a recession. When asked whether tax increases during a recession are wise, Bush economist Lawrence Lindsey's response was curt and ominous, "That's what Herbert Hoover...