Posted by
ApolloSpeaks on Monday, July 13, 2009 8:08:02 AM
In my piece Barack Obama: The Great Depressor (see) I wrote that this profoundly confused and ill-starred man who is aspiring to be the new FDR, one of the worst economic illiterates in American presidential history (a model to be shunned), is slowly evolving into the next Herbert Hoover. For his ill conceived war on free market capitalism, individual liberty, success and prosperity is turning a recession, that may have been over by now, into the longest and worst economic crisis since the Great Depression.
I wrote, and repeated from previous pieces written in February (see and see), that Obama and his party were ominously warned by unmistakable signs not to take the path of government activism, or Hoover/New Deal liberalism, in trying to jump start and fix the economy. I noted that the Democratic leadership in Congress: Pelosi, Reid and Hoyer, were born during the Great Depression. I noted that Obama’s kingmaker Ted Kennedy, his Inaugural MC Dianne Feinstein and Republican turned Democrat Arlen Spector (who voted for the failed stimulus bill), were all born during the Depression. I also noted that Roland Burris and Ted Kauffman, Obama's and Biden's replacements in the Senate, were also Depression born-and that Burris in particular was born in August of 1937 the ominous month and year that the Roosevelt recession began-when the bottom fell out of the New Deal and the economy lost millions of jobs (see).
However, other signs materialized that the Hoover/FDR path to fixing the economy was the wrong way to go, that it would backfire and only worsen what was bad. On September 15th (Bloody Monday) the bankruptcy and crash of Lehman Brothers, which triggered the worldwide financial meltdown, was another such sign. What was the nexus between the Lehman crash and the Great Depression? Herbert Henry Lehman, the most politically prominent member of the Lehman family. For Herbert Lehman, son of one of Lehman’s founders, was the close personal friend and economic advisor of FDR and his successor as governor of New York.
Moreover, on September 17th, two days after Lehman crashed, President Bush met with economic advisors for an emergency meeting in the White House to discuss the growing financial crisis. Ominously of the many White House rooms that could have been used for this meeting they met of all places in the Roosevelt Room (named after Teddy and Franklin). Ironically, it was there that Henry Paulson, Bush’s Treasury Secretary, warned of an economic debacle worst than the Great Depression if the government didn’t quickly intervene to rescue the U.S. banking system*. Since then the government has massively intervened in the economy bailing out banks, corporations and financial institutions to a degree of recklessness and insobriety that would have shocked FDR, the New Dealers and even Keynes. And now with billions spent, a mountain of debt, nationalized healthcare and massive tax hikes in the works we are headed toward economic armageddon with Obama on course to go down in history as Herbert Hoover reborn.
*Oddly, Henry Paulson and Herbert Henry Lehman share the same birthday; both men were born March 28, in 1946 and 1878 respectively.
In "The Great Depressor" I noted several intriguing parallels linking Obama and Hoover; but I have since discovered others which are no less intriguing indicating that Obama was fated by Providence for the destructive role he's now playing; and that after much sufering and hardship great good will spring from it. These parallels are as follows:
> Obama and Hoover were the only presidents born in August to follow July born presidents into office (Bush and Coolidge were born in July)*.
*Hoover was born August 10, 1874; Obama August 4, 1961; Coolidge July 4, 1872; Bush July 6, 1946.
>Obama and Hoover are the only presidents sworn into office by a Chief Justice that botched the presidential oath. Chief Justice Taft used the word “maintain” instead of “protect” when swearing in Hoover. Obama stumbled on the word “faithfully“ which was misplaced by Chief Justice Roberts in the word order (see). Obama's bungling of his presidential oath clearly foreshadowed the terrible bungling of his presidency.
>As Hoover became President in the 29th year of the 20th century Obama was sworn into office in 2009, the number 29 separated by two zeros*.
*Hoover took his oath of office on March 4, 1929.
Moreover, just as 2009 (29 separated by two zeros) was the year when Obama made history and achieved his life’s destiny so does the date of his birth, when adding up its numbers as single digits, give us the number 29, hence:
Obama was born 8-04-1961 which translates into 8+4+1+9+6+1=29
Even more interesting is the fact that Michelle Obama, who was born in the year that Herbert Hoover’s died*, also has a birth number of 29, hence:
Michelle was born 1-17-1964 which translates into 1+1+7+1+9+6+4=29.
Now while the number 29 is a numeric symbol of the Great Depression and Hoover‘s first year in office-nearly all economists date the Depression from the stock market crash of 1929-29 is also the day in August when John McCain was born, the second of two presidential candidates of a major party born in the Depression*.
* McCain was born August 29, 1936. The first presidential candidate born in the Depression was the Democrat Mike Dukakis born November 3, 1933. As Dukakis ran against and lost to George H. W. Bush, a one term president, this is a sign-one among many I have found-that Obama is destined to be a one term President.
And lastly, as Obama is blindly and haplessly turning himself into the new one term Herbert Hoover it is fascinating to note that Hoover died 47 weeks into the Johnson administration 44 years before the 47 year old Obama was sworn in as 44th President*.
*November 22, 1963 (start of Johnson’s presidency) to October 20, 1964 (Hoover’s death)=333 days or 47 weeks. October 20, 1964 to January 20, 2009=44years, 3 months and 0 days.
As Hooverism means government activism in fixing a recession, with higher taxes, deficit spending and more federal regulations, the measures taken by the 31st president turned out to be depressionary turning what was bad into an utter catastrophe-unnecessarily prolonged by FDR’s failed New Deal*. That is the truth; that is what happened; and now it seems to be repeating with a President and Congress blindly driving the country into the economic ditch.
*Hoovernomics was the New Deal in embryo said Harry Hopkins or Rex Tugwell, FDR advisors.
POSTSCRIPT: OBAMANOMICS: A SELF-FULFILLING PROPHECY
It is simply incredible that the man who campaigned on the false notion that the Bush recession was "the worst economic crisis since the Great Depression," when in fact it wasn't nearly as bad as the stagflation crisis of the Carter years, should now be enacting Hoover-like growth killing, job killing policies that are worsening the economy and may prove (God forbid) depressionary. Obamanomics is a train wreck in the making and becoming a self-fulfilling prophecy.