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The Water Cooler
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"Obama Is a Republican"
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<blockquote data-quote="Hobbes" data-source="post: 2641899" data-attributes="member: 3371"><p>I suppose there is even a case to be made that Hoover was a big .gov republican.</p><p></p><p>When the Wall Street Crash of 1929 struck less than eight months after he took office, Hoover tried to combat the ensuing Great Depression with government enforced efforts, public works projects such as the Hoover Dam, tariffs such as the Smoot-Hawley Tariff, an increase in the top tax bracket from 25% to 63%, and increases in corporate taxes.[3] These initiatives did not produce economic recovery during his term, but served as the groundwork for some policies incorporated in Franklin D. Roosevelt's New Deal.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 2641899, member: 3371"] I suppose there is even a case to be made that Hoover was a big .gov republican. When the Wall Street Crash of 1929 struck less than eight months after he took office, Hoover tried to combat the ensuing Great Depression with government enforced efforts, public works projects such as the Hoover Dam, tariffs such as the Smoot-Hawley Tariff, an increase in the top tax bracket from 25% to 63%, and increases in corporate taxes.[3] These initiatives did not produce economic recovery during his term, but served as the groundwork for some policies incorporated in Franklin D. Roosevelt's New Deal. [/QUOTE]
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