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Lv 7
? asked in Politics & GovernmentGovernment · 1 decade ago

is Obama the next Herbert Hoover?

leading us all into a great depression

2 Answers

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  • 1 decade ago

    Truth of it is that gov. is a very small factor in an economy. It can influence it but it has to have drastic changes for anything to really be visible such as war production. For example right before Clinton took office the economy starting turning back around and also with the new internet market the economy grew vastly in the 90's. You can't assume that it was Clintons actions that produced this.Two events aren't linked just beause they occur during the same time. Just as right now you can't assume that it's obama who's truly in control. But with what little influence gov does have on the economy i do beleive that he is headed in the wrong direction and making the wrong decisions.

  • 1 decade ago

    Possible.

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