Liberty & Power: Group Blog
"This is a Herbert Hoover Moment"
As I prepare an exam, I am watching Paul Ryan, a self-professed free market Republican from Wisconsin, speak in favor of the bailout. Proclaiming this is a "Herbert Hoover Moment," he urges Congress not to emulate Hoover's failure to bail out the private sector. Apparently, Ryan has never heard of Hoover's massive bailout scheme, the Reconstruction Finance Corporation.
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