http://jimhightower.com/node/7409?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+JimHightowerNews+%28Jim+Hightower%27s+News+and+Commentaries%29&utm_content=Twitter It took him some 80 years, but he has now made what looks to be a full comeback to power.
He is Herbert Hoover. With the Great Depression spreading misery across America, President Hoover's prescription was to insist on reducing the size and spending of governments in order to boost "business confidence." Hovernomics was a disaster for our country, and it was not good for him – he lost the presidency in 1932 to FDR.
So here we are in a new century with widespread relentless unemployment, mass underemployment, stagnant wages, a rapidly falling middle class, and dimming economic prospects even for college-educated young Americans. In the face of this destabilizing, inegalitarian pressure on our economy and society, what remedy are America's corporate and political leaders demanding? Hoovernomics.
Not a single jobs bill is in the Congressional hopper. Despite rhetoric about a new green economy, the White House has offered no job creation plans at all. Instead, Washington's entire energy is going down the Hoover-hole of restoring business confidence. The deficit is the devil, cry the New Hooverites, as they wildly slash spending and try to kill federal programs like Head Start that lift people up.
More at the link --