Tuesday, November 15, 2011

Occupy WS = Hoovervilles?

Via Aaron Goldstein at the American Spectator

The Los Angeles Times makes the case that Occupy Wall Street and its sister movements around the country are modern day Hoovervilles:

The Occupy sites that sprouted up in recent months in response to the poor economy resemble the Great Depression's so-called Hoovervilles, shanty villages inhabited by a newly created class of poor people.

Named for Republican President Herbert Hoover, who was thrown out of office after one term because of his failed policies in dealing with the Depression, the Hoovervilles ultimately helped shape the New Deal and the vision of a liberal state that would provide an economic safety net.

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