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Bush, McCain, and Hoover

by: lfurman

Wed May 28, 2008 at 12:47:23 PM EDT



The economic policies of the Bush Administration are not unprecedented. Like Ronald Reagan, and John McCain should he succeed him, George W. Bush is dismantling the infrastructure put in place by Presidents Franklin Delano Roosevelt, Harry Truman, John Kennedy, Lyndon Johnson, James Earl Carter, and William Jefferson Clinton.

I expect my government to plan for the future and regulate corporate behavior the way I expect it to secure the borders, protect the air, water, and natural resources, and provide police protection from muggers, rapists, and criminals.  However, George Bush, and John McCain, like Herbert Hoover, believe that "Rugged Individualism" means not "one nation under God" but "every man for himself" and that government interference in the economy is "socialism." Hoover spoke eloquently on the campaign trail in 1928, saying "Our country has become the land of opportunity ... not merely because of the wealth of its resources and industry, but because of freedom of initiative and enterprise."

Unfortunately however, the reality of that Republican Administration fell short of ideal when the excesses of the non-regulated 1920's created the Great Depression. Hoover, personally unaffected by the Depression, stood rigid and wooden, a slave to his beliefs and misconceptions, unwilling and unable to help his fellow citizens.

Similarly, Bush stood idly by in the face of Hurricane Katrina, impotent, unable to do anything but pat his well-connected friend, the head of FEMA, on the back and say 'Heck of a job'. And today he does nothing to spur the development of Clean Energy - Solar, Wind, Geothermal, Marine Current, etc., choosing instead to beg the Saudis to produce more oil.  

We Americans, in the midst of The Great Depression, knew better than elect a laissez-faire Republican to the White House in 1932.  Will we know better today?

lfurman :: Bush, McCain, and Hoover
Poll
Who is the Worst President?
George W. Bush
Richard B. Cheney (I know he's the Vice, but...)
Karl Rove (I know he wasn't elected, but ...)
Ronald Reagan
Herbert Hoover

Results

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I guess... (0.00 / 0)
the policies that allowed the tech/internet bubble to form and subsequently burst and accounting rules enabling Enron et al all happened in a vacuum eh?
Are you familiar with Sarbanes/Oxley? Is it your contention then that corporate behaviour that necessitated Sarbanes/Oxley saw its genisis Jan, 2001 with the installation of a Republican president?
There's plenty of blame to go around, open your mind some.



"Where ever you go, there you are." - Buckaroo Bonzai


Clinton should have fired Greenspan (0.00 / 0)
To change the oil in your car, you need to drain the oil pan. You do this by unscrewing the oil pan plug, not by punching a hole in the pan.

Greenspan, a Reagan appointee, is a neoclassical economist. Clinton should have replaced him with Herman Daly or another ecological economist. Neoclassical economics discounts the future, like draining the pan by punching a hole in it. The President needs to think long term. Therefore neoclassical economics is an inappropriate toolkit.

FDR's poliicies bore fruit in the 30's, 40's, 50's and 60's. Bush's legacy, toxic as it may be, will persist for a very long time, as will Obama's.

Sustainability: Harnessing processes rather than consuming resources.


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