Obama's Great Depression

Hinkle, A. Barton
October 2011
Hit & Run;10/23/2011, p7
Blog Entry
The article explains why U.S. President Barack Obama is following the footsteps of former U.S. President Herbert Hoover in handling the country's debt deficit. It says that the cut in federal spending which Obama signed into law in October 2011 does not really reduce spending but would actually lead to a federal debt that would be much larger than it already is. It says that this is similar to Hoover's government interventionism which failed to end the Great Depression.


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