Hoover and the "Great" depression of 1929 (re-hash)

Interesting.  I found this buried in the bottom of another article I wrote.  I managed to discuss two different issues, and this got LOST.

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Summary:  Hoover's actions and lack of BALLS during the first depression caused our county to SUFFER Even MORE then we needed to.  Today's Republican (read TEAPARTY) wants to take us back to the glory days of 1929 to 1932 ONCE MORE, despite the dangers we faced there.
 
I Just can't believe the ABSOLUTE intense similarities between the period AFTER the Great (First) Stock Market Crash of 1929, and TODAY.... INCLUDING Hoover's response to the depression.  Right out of the "TEA-Bagger's Party" I refuse to call them the Tea-Party... (Calling them that insults our American Patriots of 200 years ago!)

The circumstances of 1929 included:                                      TODAY we have:

• One in four workers was jobless.                               *  TODAY one in NINE* workers jobless.
• One in five Americans survived on meager relief
  payments.                                                                    * Unknown today
• The stock market was down 75 percent from 1929.     * Stock market is ready to crash again
• Exports were at their lowest level since 1904.               * Needs research!
• In just four years, the suicide rate had tripled.                * Unknown Today

* Official statistics say 9.5% unemployment (equals about 10.57 per 100 out of work), a realistic number including those (like me) who are UNDER-employed or unable to find FULL TIME work would be 11% unemployment, which gives ONE IN NINE (11%) unemployment.
For certain sectors, like unemployed black youth, current unemployment is around 30%!  or WORSE then the FIRST depression!

Hoover's reaction to the "Depression" (which was not called the great DEPRESSION then, of course, but MAYBE called "A RECESSION!)  FDR's presidential Library (see HERE) says

"As the nation suffered, its government seemed paralyzed. President Hoover had tried to combat the Depression, but he believed in limited government and relief through private charity.

 Though he eventually approved credit assistance for businesses and some public construction spending, Hoover was reluctant to fund massive public works projects, provide federal relief money to the unemployed, or increase government regulation of the economy. By 1933, he was reviled and exhausted.

 Let's do an "INSTANT replay" on that again!


President Hoover tried to combat the Depression, but he believed in limited government and relief through private charity.

Though he eventually approved credit assistance for businesses and some public construction spending, Hoover was reluctant to fund massive public works projects, provide federal relief money to the unemployed, or increase government regulation of the economy.

Gee.... Sounds like today's REPUBLICAN Campaign Platform ALL over again.  Especially for those like MICHELLE Bachman and the OTHER TEA-Baggers out there.

And guess what will happen.

We may actually be STUPID enough to VOTE them in again, and have ANOTHER 4 years of MASS damage to our economy.