All three are great. Harding is my “Spirit President,” so I gave my vote to him. However, Coolidge is my favorite in more “political” terms or whatever, as I appreciate the dignity and temperament he gave to the office.
How can you think Harding and Hoover were Great Presidents while thinking Trump as a bad one .
Hoover presidency was basically Trump’s except we had 3 and a half years of massive incompetence dealing with a major crises instead of 9 months . The 1929 crash while yes did make a recession inevitable the depth and length of the depression was cause of his massive incompetence.
- He literally let the financial system collapse in fall of 1930 as he refused to bail the banks out . This is what led to a collapse in money supply
- He literally appoint hard money guys at the Fed so the blame people give to the fed also goes to him because he appointed Eugene Meyer
- He signed Smoot Hawley into law
The idea that he was unlucky and there was nothing that could be done about it is pretty ridiculous given these 3 major major things .
2008 by many indications was worse than 1929 but we responded well so we didn’t have a repeat of the depression and the way we responded was literally doing the opposite of what Hoover did
Hindsight is wonderful. For the time, the measures Hoover did undertake involved considerably more government intervention in the business cycle than had ever been done before in the U.S. During the 1932 campaign, Roosevelt attacked Hoover for being "the greatest spending Administration in peacetime in all our history". Yes, Hoover made mistakes, but they were quite understandable ones, especially compared to how FDR reignited the depression in 1937 by cutting government spending after the election in a misguided effort to quickly bring the budget back into balance because he thought the economy had recovered. If it hadn't been for WW II, the Republicans might well have retaken Congress and/or the White House in 1940. It's almost certain that FDR wouldn't have been nominated for a third term without the war.