Word: hoovering
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Dates: during 2000-2000
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...resulted in an unprecedented series of peacetime shortages. It is difficult to fathom such apparent ignorance of market economics from a man whose IQ scores were above the 97th percentile. In fact, to find a president of comparable mental stature, one must go all the way back to Herbert Hoover...
...Hoover is an interesting case because there are a number of important parallels to Gore. A man of science and technology, Hoover was known in his time as the "Great Engineer," both for his entrepreneurial successes in the extraction business and his progressive commitment to "social engineering." He assumed the presidency at a time when economists spoke of a "new era" from which recessions had been banished. The federal reserve was held in high esteem. The stock market was robust. Unfortunately, his extra-presidential talents notwithstanding, Hoover's one term administration proved astoundingly incompetent. Ever the tinkerer, when the Crash...
...Hoover's mistakes should be noted by those who take today's prosperity for granted. Today, Gore pledges to raise wages above market levels through a host of pro-union legislation aimed at temp agencies, low productivity nations and the working poor. What is more disturbing, Gore refuses to foreswear the option of raising taxes if there is a recession. When asked whether tax increases during a recession are wise, Bush economist Lawrence Lindsey's response was curt and ominous, "That's what Herbert Hoover...
...19th century page-turner by the French author Henri Stendhal. But let's be honest here--who reads Stendhal, really? (Aside from the Paris-bound Alec Baldwin, perhaps.) The fact is, people of average intelligence often make excellent presidents (Truman, Reagan, even FDR) while brilliant chief executives like Hoover, Nixon, Carter and Clinton tend to trip over their own feet. Intellectual snobbery is all well and good, but it shouldn't be carried into the voting booth...
...Gore family's links with Occidental date back to the vice president's father's close relationship with Armand Hammer, the oil baron who created Occidental and who often found himself in the limelight of controversy because of his extensive investments in the old Soviet Union. When J. Edgar Hoover had accused Hammer of being a communist agent in 1962, Senator Gore defended him on the Senate floor, and after performing other favors for the company over the years, Gore Senior, after losing his Senate seat in 1970, took a job with an Occidental subsidiary for an annual salary...