Robert Higgs on Barack Obama as Herbert Hoover’s True Heir
By David J. Theroux • Saturday October 3, 2009 9:57 AM PDT • 1 Comment
Independent Institute Senior Fellow Robert Higgs is interviewed on Fox News’ “Freedom Watch with Judge Andrew Napolitano” on how Barack Obama is Herbert Hoover’s true “Progressive” heir as an economic interventionist, corporatist and protectionist. Hoover’s policies caused the Great Depression and Franklin Roosevelt then continued and greatly expanded such policies as his New Deal, deepening and prolonging the economic and social malaise until after World War II.
Also see Dr. Higgs’s books:
Crisis and Leviathan: Critical Episodes in the Growth of American Government
Depression, War, and Cold War: Challenging the Myths of Conflict and Prosperity.
Tags: American History, Bailouts, Books, Budget and Tax Policy, Business, Constitution, Economics, Employment, Fascism, Government subsidies, Great Depression, Nationalization, Presidential Power, Regulation, Socialism, Taxation, The State, Trade, Unemployment, Video 
It would probably be more accurate to claim that Bush Jr. is our generation’s Hoover, with Obama serving as the next FDR. One would have to be pretty dim-witted to believe Bush was an advocate of the free market, given his deplorable track record on economic affairs, but that is how the man is portrayed by the hapless media. They have never met a government program they didn’t like. And now that we have Obama pulling the levers, heaven on earth is right around the corner. Just you wait!
Steve Hogan | Oct 3, 2009 | Reply