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In budget hearings today, Kent Conrad decried "Hoover economics." This prompted National Review's David Freddoso to trot out the conservative vogue belief that Hoover was actually a big government liberal. I adressed this in my review of Amity Shlaes' influential New Deal revisionist tome "The Forgotten Man":
Shlaes's answer is to implicate Hoover as a New Deal man himself:
Hoover had called for a bank holiday to end the banking crisis; Roosevelt's first act was to declare a bank holiday to sort out the banks and build confidence. ... Hoover had spent on public hospitals and bridges; Roosevelt created the post of relief administrator for the old Republican progressive Harry Hopkins. Hoover had loved public works; Roosevelt created a Public Works Administration. ... Hoover had known that debt was a problem and created the Reconstruction Finance Corporation; Roosevelt put Jones at the head of the RFC so he might address the debt. ...
Hoover had deplored the shorting of Wall Street's rogues; Roosevelt set his brain trusters to writing a law that would create a regulator for Wall Street.
...
There is indeed a revisionist scholarship that recasts Hoover as an energetic quasi-progressive rather than a stubborn reactionary. William Leuchtenburg, in his short new biography Herbert Hoover, makes some allowance for the revisionist case, but finally he settles on a more traditional conclusion. Leuchtenburg shows that Hoover's history of activism consistently left him with the belief in the primacy of voluntarism and the private sector, a faith that left him unsuited to handle a catastrophe like the Depression.
Leuchtenburg also provides a handy rebuttal to Shlaes's preposterous conflation of the two presidents. Hoover's National Credit Corporation, he explains, "did next to nothing." Hoover and Roosevelt would be amused to hear that his bank holiday aped Hoover's, given that Hoover denounced the Emergency Banking Act as a "move to gigantic socialism." (Does this ring a bell?) Shlaes's attempt to equate Hoover's disdain for short-sellers and Roosevelt's regulation of the market presumes that there is no important difference between expressing disapproval for something and taking public action against it.
Yes, Hoover created the Reconstruction Finance Corporation. But (I am quoting Leuchtenburg) "at Hoover's behest, RFC officials administered the law so stingily that the tens of thousands of jobs the country had been promised were never created. By mid-October, the RFC had approved only three of the 243 applications it had received for public works projects." Hoover's head of unemployment relief said that "federal aid would be a disservice to the unemployed." Hoover was a staunch ideological conservative who remarked, in 1928, that "even if governmental conduct of business could give us more efficiency instead of less efficiency, the fundamental objection to it would remain unaltered and unabated." This was not, to put it mildly, Roosevelt's philosophy.
Hoover himself would have found the notion that Roosevelt mostly carried on his work offensive. During the campaign of 1932 he warned that, if the New Deal came to fruition, "the grass will grow in the streets of a hundred cities, a thousand towns." This was not mere campaign rhetoric. After Roosevelt won, Hoover desperately sought to persuade him to abandon his platform. He spent the rest of his years denouncing Roosevelt's reforms as dangerous Bolshevism. Leuchtenburg records that Hoover wrote a book about the New Deal so acerbic that his own estate suppressed its publication to avoid further tainting his reputation.
Of course, the transition from one presidency to another always involves some level of continuity. The world never begins completely anew with a presidential inauguration. But the break between Roosevelt and Hoover was certainly sharper than that between any president and his predecessor in American history.
--Jonathan Chait
COMMENTS (6)
Next we'll be hearing from GOP talking heads that Hoover's laissez-faire economics pulled the country out of Roosevelt's Great Depression.
Next we'll be hearing from GOP talking heads that Hoover's laissez-faire economics pulled the country out of Roosevelt's Great Depression.
This is what conservative "thought" has become in the Bush era. First, starting in 2005, came the cries that George W. Bush was never a true conservative, which conservatives somehow managed not to notice until Bush's approval rating dipped below 50 percent and his presidency came to be regarded as a failure. This was followed by three years of conservative "thinkers" like Brooks and Gerson plumbing history for successful, respected liberals and claiming that their achievements really represented conservative policies. (In geekdom, this is known as "retconning.")
So it figures that now conservatives are casting their Stalinist impulse to erase the memory of thei ... view full comment
This is what conservative "thought" has become in the Bush era. First, starting in 2005, came the cries that George W. Bush was never a true conservative, which conservatives somehow managed not to notice until Bush's approval rating dipped below 50 percent and his presidency came to be regarded as a failure. This was followed by three years of conservative "thinkers" like Brooks and Gerson plumbing history for successful, respected liberals and claiming that their achievements really represented conservative policies. (In geekdom, this is known as "retconning.")
So it figures that now conservatives are casting their Stalinist impulse to erase the memory of their previous comrades back in time to Hoover. But it's all just more retconning: Because Hoover is seen to be a failure, and because conservatives today seek to follow Hoover's policies in broad outlines, it must be asserted first that Hoover was never actually a conservative and second that he did not actually follow the policies he followed.
"Put Hoover On" - ? Is that some sort of druggie speak, like "get your hoover on"?
"Put Hoover On" - ? Is that some sort of druggie speak, like "get your hoover on"?
I'm sure Kent was confusing Herbert with J. Edgar.
It's quite common among cats, dogs and conservatives.
It works like this:
First, Herbert fronted Republican economic policy that precipitated, among other things, lots and lots of unemployed workers.
Many of these workers took to organizing and/or joining things like labor unions and the American Communist Party.
This prompted J. Edgar to set the stage for a coordinated attack against the Reds once the war was won. Between him at the FBI, Joe in the Congress, and the CIO in the AF of L, they scuttled all chances of the working class being conscious of itself AS the working class. Instead, most of them became Democrats. The rest, of course, is ... view full comment
I'm sure Kent was confusing Herbert with J. Edgar.
It's quite common among cats, dogs and conservatives.
It works like this:
First, Herbert fronted Republican economic policy that precipitated, among other things, lots and lots of unemployed workers.
Many of these workers took to organizing and/or joining things like labor unions and the American Communist Party.
This prompted J. Edgar to set the stage for a coordinated attack against the Reds once the war was won. Between him at the FBI, Joe in the Congress, and the CIO in the AF of L, they scuttled all chances of the working class being conscious of itself AS the working class. Instead, most of them became Democrats. The rest, of course, is the history of crony capitalism as we know it.
Or, rather, as I know it. The rest of you are still a bit fuzzy about things like this because you've spent most of your lives reading each other's arguments in publications like this one.
george walton
Why can't everyone agree that Hoover was less laissez-faire than his Republican predecessors (Harding, Coolidge), but more than FDR? It seems only fair to give Hoover credit for the philosophy he espoused, even if was too far for one side and not far enough for the other.
Why can't everyone agree that Hoover was less laissez-faire than his Republican predecessors (Harding, Coolidge), but more than FDR? It seems only fair to give Hoover credit for the philosophy he espoused, even if was too far for one side and not far enough for the other.
ryanburke, everyone else can't agree on that proposition because it's not obviously true. First off, Hoover spent the better part of three years governing just as laissez-fairely as his predecessors. Second, Hoover's eventual embrace of proto-New Deal policies were hopelessly infected with his extreme laissez-faire attitudes, such that they amounted to little more than window dressing on his previous efforts to persuade private enterprise and charities to do the job, which he'd been proposing all along anyway. Third, Hoover spent the remainder of his life speaking out bitterly against precisely the early-first-term FDR measures that differentiate FDR from Hoover. Fourth, during the actual Ha ... view full comment
ryanburke, everyone else can't agree on that proposition because it's not obviously true. First off, Hoover spent the better part of three years governing just as laissez-fairely as his predecessors. Second, Hoover's eventual embrace of proto-New Deal policies were hopelessly infected with his extreme laissez-faire attitudes, such that they amounted to little more than window dressing on his previous efforts to persuade private enterprise and charities to do the job, which he'd been proposing all along anyway. Third, Hoover spent the remainder of his life speaking out bitterly against precisely the early-first-term FDR measures that differentiate FDR from Hoover. Fourth, during the actual Harding and Coolidge administrations, Hoover himself was a voice for greater laissez-faire policies within the White House as commerce secretary (and for a time de facto prime minister). It makes no sense to say that Hoover was less laissez-faire than the previous presidents, when he himself was the chief architect of and spokesman for their laissez-faire economic policies.