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scream-of-consciousness; "If you're trying to change minds and influence people it's probably not a good idea to say that virtually all elected Democrats are liars, but what the hell."
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"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. " |
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What a self righteous pile of crap!
"Despite our crimes, the Philippines turned out well enough in the long run, and so did South Korea; in the very long run, so did post–World War I Europe."
Post WW I Europe ran headlong into genocide, war, and communism, saved only by the sea change ushered in by Reagan & Thatcher. One could easily posit that all was very nearly lost in 1980 when that change in world view was initiated.
And it was the policies of the Coolidge administration, as well as events in Europe, that ushered in the Great Depression, not anything Hoover did.
Fuck "The Atlantic."
Coolidge wasn't the problem.
Blame Wilson's Federal Reserve.
Coolidge dealt with a bank crash just as big as Black Tuesday's simply by keeping his hands off, and letting the creditors dismember the idiot speculators and foreclose as needed.
Crash was recovered from in less than a year.
Enter Hoover, and Wilson's Federal Reserve. The BOA wanted to deal with a bank run the way theu did during the Coolidge administration ... by taking on short term debt, and shoveling cash out the door until the run ends.
The Fed said no ... and then dithered. The BOA crashed, and took down Wall Street with it. Then the Fed, in a panic afterwards, asked Hoover for a bank holiday. Hoover, making the mistake of assuming the twits running the Fed had a clue, did so.
This bank holiday caused what should have been a one year panic to last for his entire term ... just long enough for a Socialist to get elected, and then really screw the pooch good.