Trump = Herbert Hoover II? zt

万得福

Trump = Herbert Hoover II?
The year was  1929. A few months earlier, Republican Herbert Hoover had defeated his opponent  in a landslide.
Just like  Trump, Hoover had zero elected-office experience.
And now, he  was ready to leverage his reputation as an “outsider” and “successful  businessman” to execute ambitious goals. It included large infrastructure  projects and a plan to send hundreds of thousands of illegal Mexican immigrants  home.  
But suddenly – everything changed.
On October  24, the stock market cratered, ushering in The Great Depression.
In the months  ahead stocks lost 89% of their value… 9,000  banks failed, destroying an estimated $140 billion of depositor savings… and  poverty spread across America like a plague.
Who do you  think was saddled with the blame?
In the blink of an eye, Hoover – “The  Great Engineer” as he was known – turned into a political punching bag.
The publicity  chief of the Democratic National Committee coined the term “Hooverville” for the  countless shantytowns that sprung up over the country, even in New York’s  Central Park.
The term was  so successful it inspired Democrats to come up with other ones.
Newspapers  were called “Hoover blankets.”
“Hoover  leather” was the cardboard used in a shoe when the sole had worn out.
This is  critical to understand.
Four years  later, Herbert Hoover lost to Franklin Roosevelt in one of the largest  political landslides in history.

And then, Roosevelt  used his newfound power to change the entire course of America… from our values  to financial system.
He  confiscated gold…
Gave the  Federal Reserve immense power over our economy…
And as Time says, “laid the foundation for the  modern welfare state.”