Word: hooverism
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There is another story in all this, of course. President Bush is approaching Hoover-Buchanan levels of end-of-office ignominy. His evident discomfort at unveiling the auto plan Friday morning comes, in part, from the ideological anomie he feels at the massive government intervention in a once major part of the American economy. But what must hurt even more for Bush - who has always had a keen sense of political reality, whatever his other shortcomings - is the self-image of a President stepping before the podium in his last days to announce a stopgap rescue for two giant, collapsing...
...growth. In a city that receives just 4 in. of rain a year, residents in the sprawling housing developments where much of the Las Vegas population lives use an average of 165 gal. of water a day--and 90% of that comes from Lake Mead, the reservoir created by Hoover Dam in 1935. Lake Mead holds Nevada's 130 billion gal. share of the Colorado River's flow, split with six other states in the West--and for decades, says Pat Mulroy, head of the Southern Nevada Water Authority, "we'd assumed it was virtually drought-proof...
...Joffe is editor of Die Zeit, and a fellow of the Institute for International Studies and of the Hoover Institution at Stanford University
...faced in 1932 as President-elect, says Brookings Institution historian Stephen Hess. While Roosevelt could have done more to step in, he chose to wait to take office and exercise his full power - making a clean break and effectively laying all the blame on the previous Administration of Herbert Hoover. As Jonathan Alter writes in his book The Defining Moment: FDR's Hundred Days and the Triumph of Hope, "Roosevelt wanted to make sure that the people remembered that it was Republicans who had forgotten their interests. If this meant sitting by idly while the economy sunk lower, FDR could...
...Still, there were two key differences then: Hoover was actually eager to work with Roosevelt, while Bush has little interest in helping Obama push through an auto-industry bailout. Also, Roosevelt's Inauguration was not until March 4, while Obama's is set for Jan. 20. "That was a much longer period in which the Depression and other things went on," Hess says. "So the delay was much more serious. Whatever happens now, they're just postponing things for a few weeks...