Republican President Herbert Hoover ineffectively tried to fix what became a world wide economic failure and was defeated for reelection in 1932 by
Democrat Franklyn Delano Roosevelt whose New Deal provided relief for the unemployed, recovery of the economy, and reform and regulation of the economic and banking systems.
The Great Depression lasted more than 10 years with unemployment, breadlines, soup kitchens, and poverty.
78 years and 11 months later... major banks crashing, unemployment, stock market losses, massive inflation, government deficit spending, middle class wealth deteriorating.
Why? Banks were deregulated, SEC ignored oversight, corporate fraud unprosecuted, complacent and ignorant public.
And once again, a Republican administration will try to fix it. This time, by rescueing the very institutions and people who caused itthe banks, the financial manipulators, the stock brokerseverybody but the Government that let them get away with the fraud. The Government is buying out failed corporations. Capitalism has failed and Government ownership is SOCIALISM!