President Obama proved - once again - that he needs to take some remedial history courses.
Last week, he tried lecturing on Herbert Hoover and economics while in Hawaii.
According to the Washington Post, he said:
"This competition for new jobs and businesses and middle-class security, that's the race I know we can win. But you don't win it by saying every American is on their own. We're not going to win it if we just hand out more tax cuts to people who don't need them, let companies play by their own rules without any restriction, and we just hope somehow that the success of the wealthiest few translates in the prosperity for everybody else.
We have tried that, by the way. We tried it for 10 years. It's part of what got into the mess that we're in. It doesn't work. It didn't work for Herbert Hoover, when it was called trickle-down economics during the Depression. It didn't work between 2000 and 2008, and it won't work today. And the reason it won't work is because we are not a country that is built on survival of the fittest. That's not who we are.”
There's only one problem: Herbert Hoover never cut taxes or spending.
Hans Bader wrote at Open Market:
Obama is dead wrong. Data from the White House’s own website shows that Hoover increased, rather than cut, spending in the Great Depression, and ran up deficits that were huge by historical standards.
Apparently, Obama - or his teleprompter - couldn't be bothered with checking the White House website.
Bader notes that according to documents easily available to Obama, "Hoover increased the federal budget from $3.1 billion in 1929, the year he took office (and the Great Depression began), to $4.7 billion in 1932, his last full year in office, and $4.6 billion in 1933, the year he left office."
"By 1932," he adds, "the government was spending more than $2 for every dollar that it took in." Sounds familiar? It should.
Ed Morrissey of Hot Air notes that "Hoover’s spending policies look a lot like Obama’s."
"Maybe that’s why we’re seeing a big resurgence of Hoovervilles Obamavilles these days," he adds.
This is not the first historic gaffe the President has made.
In September, he falsely claimed that Abraham Lincoln founded the Republican Party.
It's just another in a long list of gaffes made by Obama. Naturally, the Democrat-media complex will never report it.
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