Word: herbert
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...This election, given the circumstances and transformational mood, has been compared to Franklin Roosevelt's ouster of Herbert Hoover, another transition that occurred amid economic carnage. Happily for all concerned, this time both the incoming and outgoing President appear inclined to play nicer than their predecessors...
Next come the technocrats like William Howard Taft and Herbert Hoover, who both arrived with long résumés of appointed posts but virtually no electoral experience. This category might also include Jimmy Carter, who despite several years in the Georgia legislature and governor's office maintained an essentially bureaucratic outlook toward White House affairs. All three proved wanting as popular leaders, unable to rally mass support for their programs. All three were limited to a single term...
...days were printed on ticker tape, which could only produce 285 words a minute. Thirteen million shares changed hands - the highest daily volume in the exchange's history at that point - and the tape didn't stop running until four hours after the market closed. The following day, President Herbert Hoover went on the radio to reassure the American people, saying "The fundamental business of the country...is on a sound and prosperous basis...
...inexperienced; others are more liberal than their states. Many seemed almost struck dumb when, as gasoline prices soared this summer, Republicans hit on the suddenly popular idea of drilling for more oil. But the market meltdown has replaced $4-per-gal. gas as voters' top concern, and ever since Herbert Hoover, voters have looked to Democrats in economic hard times. "We're not catching a break," laments Nevada Senator John Ensign, Schumer's GOP counterpart who runs the National Republican Senatorial Committee...
...Secretaries." Treasury Secretary Hank Paulson (along with Federal Reserve Chairman Ben Bernanke, who presides over an immeasurably more potent Federal Reserve system than existed in 1929) has acted with vigor to bring the full powers of the Federal Government to bear in the current crisis. In dramatic contrast, when Herbert Hoover asked his Secretary of the Treasury, Andrew Mellon, for advice on how to cope with the financial implosion of 1929, Mellon replied, "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system." Echoes of that old-time sentiment can still...