Democreats Great Disception

The other day, Sen. Charles Schumer, in his typical sly manner, implied that the econonmical situation of today, is much like the Hoover sitiuation, that brought about the Great Depression of 1929. Since this Depression and down through the years since, Hoover has been the Democrats scapegoat, as to his being the cause of the Depression. Nonsense! At the time Hoover came into offiice, it was already in the making, a World-Wide Depression, the affeccts of which, only hit the United States in the year of 1929. What are the facts or what can be blamed for the Depression, here in the United States lasting as long as it did. It was Taxes! In the year 1930, the Congress of the United States passed the Hawley-Smooth Tariff Act. An Act that thousands of economists, from throughout the country, urged Hoover to veto it. This was Hoover's great mistake, he signed this bill into law. As a consequence, the Nations of Europe, as well around the world, could not afford to buy our products or even to make payments to us, on their World War I Debts. To counter this action, the Europe Countries devalued their currencies and made the sale of their products more affordable on the world markets. As a consequence, the European nations made quicker progress, in their recovery. In american, as it always does, the Tariff Act took on a life of its own. The long term results of this act was that America, despite the actions taken to get out of the Depression i,e., "The New Deal," American never did fulley recover. It was World War II, that finally brought on a national recovery from the years of the Great Depression But in the Democrats usual way of playing the Blame Game, Hoover was and still is, in the minds of most Americans, lacking knowledge of the facts, blame him for the Depression. "One man in his time plays many parts. His acts being seven ages." Shakespeare. The Messenger.