Picked this comment up on Yahoo board. History repeats itself.
Republican President Hoover:
"We in America today are nearer to the final triumph over poverty than ever before in the history of any land." (As Republican nominee in 1928)
Hoover: March 4, 1929
"In no nation are the fruits of accomplishment more secure."
Herber Hoover:
"The fundamental business of the country, that is production and distribution of commodities, is on a sound and prosperous basis."-- Herbert Hoover, October 25 1929
Hoover: December 2, 1930:
"President Herbert Hoover delivers his message to the Congress, insisting that "the fundamental strength of the economy is unimpaired."
Hoover: January 4, 1932:
According to the president, "Nobody's actually starving.
The hoboes, for example, are better fed than they have ever been. One hobo in New York got ten meals in one day."
Hoover: Autumn 1932: President Herbert Hoover, in his Republican reelection bid, is astonished when his presidential train is regularly battered with eggs and tomatoes."
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"I outlived the bastards." (In response to his critics about the Great Depression)
FCC Chairman Powell:
"If this sector doesn't turn around, the economy isn't going to turn around."
in reference to telecommunications sector, 2002.
George Bush:
"I want you to know the economy, our economy, is fundamentally strong."--
George W. Bush, July 15 2002
Alan Greenspan:
"The fundamentals are in place for a return to sustained healthy growth" -
Alan Greenspan, July 16, 2002.
AI
