Hoover's plan the Reconstruction Finance Corporation, although not a direct parallel operated for the same anti-capitalist "bail out" goals as TARP.
Hoover was a proponent of the concept that public-private cooperation was the way to achieve high long-term growth [ie Socialism].
Hoover ran for election on Engineering credentials. A very Futurist/Progressive appeal.
Hoover gave us the Smoot Hawley Tarrif
Hoover raised taxes from 25% to 63% and Unemployment soared to 25%
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LINKS
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Dispelling The Herbert Hoover Myth By Jonah Goldberg via CBSNews
http://www.cbsnews.com/stories/2008/10/03/opinion/main4499465.shtml
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