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Whether you are correct or not about the spending, mja, it is a...

  1. 385 Posts.
    Whether you are correct or not about the spending, mja, it is a fact that Hoover did nothing to prevent the collapse of the financial and credit systems. The reason this recovery is progressing much faster than the one in the 1930s was that the financial and credit systems were not allowed to fail.

    But you are not correct about the US federal government spending, which rose in very small increments from 1928 to 1934, and which started to accelerate rapidly from 1935:

    http://www.usgovernmentspending.com/downchart_gs.php?year=1928_1940&view=1&expand=&units=b&fy=fy10&chart=F0-total&bar=1&stack=1&size=m&title=Total%20Spending&state=US&color=c&local=s

    I think you have been reading too much revisionist history, taking too much notice of presidential campaign rhetoric, and not doing sufficient research into the facts, which are easy enough to find online.
 
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