Two Santa Clauses or How The Republican Party Has Conned America for Thirty Years

[BDBoop]

Two Santa Clauses or How The Republican Party Has Conned America for Thirty Years | Common Dreams

In Hoover's world (and virtually all the Republicans since reconstruction with the exception of Teddy Roosevelt), market fundamentalism was a virtual religion. Economists from Ludwig von Mises to Friedrich Hayek to Milton Friedman had preached that government could only make a mess of things economic, and the world of finance should be left to the Big Boys – the Masters of the Universe, as they sometimes called themselves – who ruled Wall Street and international finance.

Hoover enthusiastically followed the advice of his Treasury Secretary, multimillionaire Andrew Mellon, who said in 1931: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system. High costs of living and high living will come down... enterprising people will pick up the wrecks from less competent people."

Thus, the Republican mantra was: "Lower taxes, reduce the size of government, and balance the budget."

 

[BDBoop]

Quote from Eisenhower. Too funny.

"Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt [you possibly know his background], a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid."

 

[Dr.House]

Ctl-c

ctl-v

 

[peach174]

Hoover was more of a republican progressive just like Teddy Roosevelt.
We had progressives in congress and they tried to pass the Agricultural Marketing Act through Coolidge , although during Coolidge it was called the McNary-Haugen bill and Coolidge had repeatedly vetoed it. Hoover signed it into law.
the Federal Reserve was involved then too and tried to prevent price decline but it didn't work.
It was also Labor unions that wanted wages to stay the same instead of lowering the wages in order to keep many more employed. It didn't work.
It was government interfering again, just like now and not letting the private businesses adjust.
Progressives in congress is what kept the depression prolonged. Just like now.

 

[Truthmatters]

revisionist history

 

[peach174]

revisionist history

Your the one who was taught the revisionist history.
Teddy Roosevelt was a progressive and a Republican and started the bull moose party.
The progressives started in the Republican party. That is actually history and is not revisionism. TM go to a library sometime instead of the INTERNET.

 

[Truthmatters]

Hoover was more of a republican progressive just like Teddy Roosevelt.
We had progressives in congress and they tried to pass the Agricultural Marketing Act through Coolidge , although during Coolidge it was called the McNary-Haugen bill and Coolidge had repeatedly vetoed it. Hoover signed it into law.
the Federal Reserve was involved then too and tried to prevent price decline but it didn't work.
It was also Labor unions that wanted wages to stay the same instead of lowering the wages in order to keep many more employed. It didn't work.
It was government interfering again, just like now and not letting the private businesses adjust.
Progressives in congress is what kept the depression prolonged. Just like now.

To pretend that government interferance in the economy caused the great depression is revisionist history

 

[Avorysuds]

revisionist history

We all know you are.

 

[peach174]

He passed all kinds of regulations and bills that controlled the prices of farming and the markets.
He also did the same thing as Obama did with increasing expenditures on public work projects, like a new building for the Supreme Court,a Senate office building and house building. He also had more buildings built in the states.
You have heard of the Hoover Dam?
It didn't work then just as it didn't work for Obama.

 

[Avorysuds]

Hoover was more of a republican progressive just like Teddy Roosevelt.
We had progressives in congress and they tried to pass the Agricultural Marketing Act through Coolidge , although during Coolidge it was called the McNary-Haugen bill and Coolidge had repeatedly vetoed it. Hoover signed it into law.
the Federal Reserve was involved then too and tried to prevent price decline but it didn't work.
It was also Labor unions that wanted wages to stay the same instead of lowering the wages in order to keep many more employed. It didn't work.
It was government interfering again, just like now and not letting the private businesses adjust.
Progressives in congress is what kept the depression prolonged. Just like now.

To pretend that government interferance in the economy caused the great depression is revisionist history

He didn't say that, get your quotes right.

 

[peach174]

Hoover was more of a republican progressive just like Teddy Roosevelt.
We had progressives in congress and they tried to pass the Agricultural Marketing Act through Coolidge , although during Coolidge it was called the McNary-Haugen bill and Coolidge had repeatedly vetoed it. Hoover signed it into law.
the Federal Reserve was involved then too and tried to prevent price decline but it didn't work.
It was also Labor unions that wanted wages to stay the same instead of lowering the wages in order to keep many more employed. It didn't work.
It was government interfering again, just like now and not letting the private businesses adjust.
Progressives in congress is what kept the depression prolonged. Just like now.

To pretend that government interferance in the economy caused the great depression is revisionist history

Never said it caused the depression, I said how it prolonged the depression.

 

[code1211]

Two Santa Clauses or How The Republican Party Has Conned America for Thirty Years | Common Dreams

In Hoover's world (and virtually all the Republicans since reconstruction with the exception of Teddy Roosevelt), market fundamentalism was a virtual religion. Economists from Ludwig von Mises to Friedrich Hayek to Milton Friedman had preached that government could only make a mess of things economic, and the world of finance should be left to the Big Boys – the Masters of the Universe, as they sometimes called themselves – who ruled Wall Street and international finance.

Hoover enthusiastically followed the advice of his Treasury Secretary, multimillionaire Andrew Mellon, who said in 1931: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system. High costs of living and high living will come down... enterprising people will pick up the wrecks from less competent people."

Thus, the Republican mantra was: "Lower taxes, reduce the size of government, and balance the budget."

There is absolutely no connection between the quote you attribute to Mellon and the sentence with which you conclude your post.

 

[Stephanie]

this is from UNcommon Dreams...