Joe Biden is bringing a picture of FDR into the White House to remind him of the mythology that sustained him on the occasions when he ventured out of his basement on the campaign trail.
Brace yourself for an onslaught of nostalgia for the achievements of FDR. One of them was to recruit academics in numbers to serve on rotation in the administration. And so the academic got an intoxicating sniff of power and influence.
Check out the reality of the Great Reset
Did Hoover really subscribe to a “hands-off-the-economy,” free-market philosophy? His opponent in the 1932 election, Franklin Roosevelt, didn’t think so. During the campaign, Roosevelt blasted Hoover for spending and taxing too much, boosting the national debt, choking off trade, and putting millions on the dole. He accused the president of “reckless and extravagant” spending, of thinking “that we ought to center control of everything in Washington as rapidly as possible,” and of presiding over “the greatest spending administration in peacetime in all of history.” Roosevelt’s running mate, John Nance Garner, charged that Hoover was “leading the country down the path of socialism.”
Contrary to the conventional view about Hoover, Roosevelt and Garner were absolutely right. The crowning folly of the Hoover administration was the SmootHawley Tariff, passed in June 1930. It came on top of the Fordney-McCumber Tariff of 1922, which had already put American agriculture in a tailspin during the preceding decade. The most protectionist legislation in U.S. history, Smoot-Hawley virtually closed the borders to foreign goods and ignited a vicious international trade war.