The pessimism of Herbert Hoover

Masse, Benjamin L.
February 1952
America;2/16/1952, Vol. 86 Issue 20, p525
The article focuses on the pessimistic anticipation of former U.S. president Herbert Hoover concerning the outlook of the country's economic resources and potential. Hoover believes that personal income taxes have become intolerable and that company taxes have reached the point that if not passed along to customers would attribute bankruptcy. However, it explores the economic performance of the country in 1952, which indicates that U.S. is having a sound economy.


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