“Herbert Hoover Time”?

Aaron Keyak — December 12, 2008 – 12:56 pm | Democrats | Domestic Policy | Economy | Obama Comments (0) Add a comment

This morning, Politico asked Ira N. Forman, NJDC Executive Director, "Bailout breakdown. Markets tumbling. What's the political fallout? Who gets the blame, or credit? Is it "Herbert Hoover time," as Cheney reportedly said?"

Forman answered.

I can't believe that after all these years I finally agree with the Vice President. Perhaps there is some short term political gain for Senate Republicans in the filibuster, perhaps it makes them feel good to beat up on the UAW.  But in the long run these guys are laying the groundwork for establishing the GOP as a minority party for a generation.   Someone in the GOP caucus should be studying the history of the political fallout from the failures of the GOP in the 1929-1933 period.

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