Reply #21: You are correct........

[CrownPrinceBandar]

and forgive my generalization. Hoover wasn't a bad president, but his legacy of one was attributed to the lack of ability to turn the tide of Depression. But it is startling how the conditions that likely led to the Crash are present in the US today:

1) Unequal distribution of wealth and income. In 1929-30, folks at the top of the economic ladder were making 650% more than those at the bottom.

2) Unequal distribution of corporate power. The mergers and acquisitions of smaller companies by larger trusts and holding companies.

Also, the lack of a real trade tariff on imports gives foreign companies little to no barriers for shipping lower-cost and non-domestically produced items to American shores. As well as giving American companies a favorable environment to ship production jobs overseas.

Whew! Finally all that listening to Thom Hartmann has paid off!!